New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Which of the following is not credited to Subscriber

    Education and Protection Fund?
    A grants and donations given to the Fund by Central Government Correct Answer Incorrect Answer
    B interest on investments made out of the Fund Correct Answer Incorrect Answer
    C Sum realized by way of penalties Correct Answer Incorrect Answer
    D Fees and charges received Correct Answer Incorrect Answer
    E All of the above are credited to Subscriber Education and Protection Fund Correct Answer Incorrect Answer

    Solution

    Section 41 of PFRDA Act 2013 Constitution of Subscriber Education and Protection Fund— (1) The Authority shall establish a fund to be called the Subscriber Education and Protection Fund. (2) There shall be credited to the Subscriber Education and Protection Fund the following amounts, namely (a) grants and donations given to the Subscriber Education and Protection Fund by the Central Government, State Governments, companies or any other institutions for the purposes of the Subscriber Education and Protection Fund; (b) the interest or other income received out of the investments made from the Subscriber Education and Protection Fund; (c) the sums realised by way of penalties by the Authority under section 28. All Government grants, fees and charges received by the Authority are credited to Pension Regulatory and Development Fund (Section 40)

    Practice Next