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

    Question

    All sums realised by way of penalties under the PFRDA

    Act shall be credited to the______________
    A Subscription Fund Correct Answer Incorrect Answer
    B Penalty Collection Fund Correct Answer Incorrect Answer
    C Subscriber Education and Protection Fund Correct Answer Incorrect Answer
    D Investors Education & Protection Fund Correct Answer Incorrect Answer
    E Subscriber Education and Investment Fund Correct Answer Incorrect Answer

    Solution

    Subscriber Education and Protection Fund, Explanation: Section 29. Crediting sums realised by way of penalties to Subscriber Education and Protection Fund: All sums realised by way of penalties under this Act shall be credited to the Subscriber Education and Protection Fund established under sub-section (1) of section 41.

    Practice Next