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    Question

    Which of the following statement is/are incorrect about

    the “National Pension Scheme for Traders and Self Employed (NPS-Traders)”?       I.        The Government launched the National Pension Scheme for Traders and Self-Employed (NPS-Traders), in September 2019.     II.        It is a voluntary and co-contributory pension scheme.    III.        The traders in the age group of 18-40 years with an annual turnover, not exceeding Rs. 5 Lakh is eligible.   IV.        An income tax payer, can’t join the scheme.
    A II only Correct Answer Incorrect Answer
    B II and III only Correct Answer Incorrect Answer
    C III and IV only Correct Answer Incorrect Answer
    D All of the above Correct Answer Incorrect Answer

    Solution

    The Government had launched the National Pension Scheme for Traders and Self Employed (NPS-Traders), in September, 2019 for the welfare of traders including the retail shopkeepers. It is a voluntary and co-contributory pension scheme.  The traders in the age group of 18-40 years with an annual turnover, not exceeding Rs.1.5 crore and who are not member of EPFO/ESIC/MPS/PM-SYM or an income tax payer, can join the scheme.  

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