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    Question

    What is the purpose of the National Pension Scheme

    (NPS)?  
    A To provide insurance to senior citizens Correct Answer Incorrect Answer
    B To promote entrepreneurship Correct Answer Incorrect Answer
    C To encourage savings for retirement Correct Answer Incorrect Answer
    D To offer employment opportunities Correct Answer Incorrect Answer
    E To finance micro enterprises Correct Answer Incorrect Answer

    Solution

    The National Pension Scheme (NPS) is a voluntary retirement savings scheme designed to encourage individuals to save for their future retirement income.

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