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    Question

    What is the primary objective of the NPS Vatsalya scheme

    launched by the Finance Minister?
    A To provide pension for senior citizens Correct Answer Incorrect Answer
    B To offer financial security for children Correct Answer Incorrect Answer
    C To provide a fixed income to workers Correct Answer Incorrect Answer
    D To offer retirement benefits for corporate employees Correct Answer Incorrect Answer
    E To support self-employed individuals Correct Answer Incorrect Answer

    Solution

    The NPS Vatsalya scheme is a pension plan for minors, where parents or guardians contribute to a child’s pension fund until they turn 18, providing long-term financial security.

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