New Register here for RBI, SEBI & NABARD strategy workshop! April 9 at 7 PM

    Question

    What constitutes the Pension Regulatory and Development

    Fund, according to the PFRDA Act?
    A Only Government grants and fees received by the Authority Correct Answer Incorrect Answer
    B Only sums received from sources decided upon by the Central Government Correct Answer Incorrect Answer
    C All fees and charges received by the Authority, and sums received from other sources as decided upon by the Central Government Correct Answer Incorrect Answer
    D All Government grants, fees, and charges received by the Authority, and sums received from other sources as decided upon by the Central Government Correct Answer Incorrect Answer
    E Only Government grants and sums received from other sources as decided upon by the Central Government Correct Answer Incorrect Answer

    Solution

    Section 40. Constitution of Pension Regulatory and Development: (1) There shall be constituted a fund to be called the Pension Regulatory and Development Fund and there shall be credited thereto— (a) all Government grants, fees and charges received by the Authority; (b) all sums received by the Authority from such other source as may be decided upon by the Central Government.  

    Practice Next