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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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