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    Question

    Which of the following entities is not an intermediary

    in the National Pension System (NPS)?
    A Central Record Keeping Agency (CRA) Correct Answer Incorrect Answer
    B Pension Fund Managers (PFMs) Correct Answer Incorrect Answer
    C NPS Trustee Bank Correct Answer Incorrect Answer
    D EPFO Correct Answer Incorrect Answer
    E Custodian Correct Answer Incorrect Answer

    Solution

    PFRDA is the regulator for the NPS. PFRDA is responsible for the appointment of various intermediaries in the system such as the Central Record Keeping Agency (CRA), Pension Funds, Custodians, NPS Trustee Bank, etc. PFRDA monitors the performance of the various intermediaries. 

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