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    Question

    The Pension Fund Regulatory and Development Authority

    Act, 2013 came into force on ____________
    A 1st February, 2013 Correct Answer Incorrect Answer
    B 12th March, 2013 Correct Answer Incorrect Answer
    C 1st March, 2014 Correct Answer Incorrect Answer
    D 1st February, 2014 Correct Answer Incorrect Answer
    E 29th August, 2014 Correct Answer Incorrect Answer

    Solution

    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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