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    Question

    Which of the following pension schemes is managed by

    the Pension Fund Regulatory and Development Authority (PFRDA) and allows investors to choose from a range of investment options including equity, corporate bonds, and government securities?  
    A National Pension Scheme (NPS) Correct Answer Incorrect Answer
    B Public Provident Fund (PPF) Correct Answer Incorrect Answer
    C Atal Pension Yojana (APY) Correct Answer Incorrect Answer
    D Employees' Pension Scheme (EPS) Correct Answer Incorrect Answer
    E All are managed by PFRDA Correct Answer Incorrect Answer

    Solution

    The National Pension Scheme (NPS) is a government-sponsored pension scheme managed by the Pension Fund Regulatory and Development Authority (PFRDA). It allows investors to choose from a range of investment options, including equity, corporate bonds, and government securities. The scheme was launched in 2004 with the aim of providing retirement benefits to all citizens of India. Hence, option A is correct.

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