New RBI Grade B Notification Out - 94 Vacancies - Prepare with Us!

    Register

    Question

    All sums realised by way of penalties under the PFRDA Act shall be credited to the______________

    A Subscription Fund Correct Answer Incorrect Answer
    B Penalty Collection Fund Correct Answer Incorrect Answer
    C Subscriber Education and Protection Fund Correct Answer Incorrect Answer
    D Investors Education & Protection Fund Correct Answer Incorrect Answer
    E Subscriber Education and Investment Fund Correct Answer Incorrect Answer

    Solution

    Subscriber Education and Protection Fund, Explanation: Section 29. Crediting sums realised by way of penalties to Subscriber Education and Protection Fund: All sums realised by way of penalties under this Act shall be credited to the Subscriber Education and Protection Fund established under sub-section (1) of section 41.

    Practice Next