Question

NPS for traders provide a monthly minimum assured pension of what amount after attaining the age of 60 years?

A Rs 2500 Correct Answer Incorrect Answer
B Rs 4000 Correct Answer Incorrect Answer
C Rs 1500 Correct Answer Incorrect Answer
D Rs 2000 Correct Answer Incorrect Answer
E Rs 3000 Correct Answer Incorrect Answer

Solution

It is a voluntary and contributory pension scheme under which the beneficiary would receive a minimum assured pension of Rs 3000/- per month after attaining the age of 60 years and if the beneficiary dies, the spouse of the beneficiary shall be entitled to receive 50% of the pension as family pension.

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