Question

    Which body was established to supervise and regulate the

    pension sector in India, based on the recommendations of the OASIS report?
    A Reserve Bank of India Correct Answer Incorrect Answer
    B Ministry of Corporate Affairs Correct Answer Incorrect Answer
    C Securities and Exchange Board of India Correct Answer Incorrect Answer
    D Pension Fund Regulatory and Development Authority Correct Answer Incorrect Answer
    E Insurance Regulatory and Development Authority of India Correct Answer Incorrect Answer

    Solution

    Explanation: Section 1. Short title, extent and commencement: (3) (3) It shall come into force on 1st February, 2014. Pension Fund Regulatory and Development Authority is   the   regulatory   body   under   the jurisdiction of Ministry of Finance, Government of India for overall supervision and regulation of pension sector in India. It was   established   through   a   resolution   by   the Government of India to promote, develop and regulate pension sector in India based on the recommendations of the OASIS (Old age social and income security) report.

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