New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following reforms was suggested by former

    Finance Minister Arun Jaitley regarding social security in India? I. Employees should have a choice between contributing to the EPFO or NPS. II. Employer contributions should be the deciding factor in selecting pension schemes. III. Employees should have the flexibility to change their choice annually. Which of the statements given above is/are correct?
    A I & II only Correct Answer Incorrect Answer
    B II & III only Correct Answer Incorrect Answer
    C I & III only Correct Answer Incorrect Answer
    D All of the above Correct Answer Incorrect Answer

    Solution

    Arun Jaitley advocated for employee choice (not employer choice) in selecting between EPFO and NPS, with the option of annual changes.

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