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MCQs on NPS (National Pension System or New Pension Scheme) - 50 Questions

35. OASIS Stands for

A) Old Age Social and Income Security

B) Old Age System and Income Security

C) Old Age Society and Income System

D) None of these

36. Who was the Chairman of OASIS Committee?

A) Atul Chaturvedi

B) S A Dave

C) Dr Ajay Shah

D) Gautham Bharadwaj

37. Which one of the following statement is true in respect of Regulators in NPS?

A) PFRDA, NASSCOM, RBI, IRDAI and AMFI

B) RBI, SEBI, IRDAI, PFRDA and IBBI

C) PFRDA, AMFI, RBI, IRDAI and IBBI

D) PFRDA, SEDBI,SEBI, IRDAI and IBBI

38. PFRDA Was established in

A) 01.04.2001

B) 07.07.2002

C) 23.08.2003

D) 27.09.2004

39. PFRDA Act was passed in

A) 10.07.2012

B) 18.07.2013

C) 19.09.2013

D) 23.08.2013

40. Which one of the following has the responsibility of Ensuring compliance through audit by independent auditors?

A) PFRDA

B) NSDL

C) NPS Trust

D) IRDAI

41. Which one of the following is the Trustee Bank for NPS?

A) SBI BANK                                    B) HDFC BANK

C) AXIS BANK                                 D) CITY BANK

42. Which one of the following is true in respect of CRA’s registered by PFRDA for NPS?

A) CRISIL & NSDL

B) NSDL & ICRA

C) KARVY & NSDL

D) CARE & CRISIL

43. Which one of the following statement is true in respect of PFM’s who manage pension contributions of CG employees under NPS?

A) HDFC, SBI & LIC

B) SBI, LIC & ICICI

C) SBI, UTI & LIC

D) KOTAK, SBI & RELAINCE

44. Which one of the following is the CUSTODIAN of security for NPS?

A) IL&FS SECURITIES SERVICES LIMITED

B) SBI-SG GLOBAL SECURITIES SERVICES PVT. LTD

C) STOCK HOLDING CORPORATION OF INDIA LIMITED

D) Securities and Exchange Board of India

45. How Many PFM’s are there under NPS?

A) 6

B) 8

C) 7

D) 5

46. How many Annuity Service Providers are there under NPS?

A) 8

B) 9

C) 10

D) 11

47. What is the Service charge for Tier-II Account Activation?

A) Charge @0.25% of contribution subject to minimum Rs 20 and Maximum Rs 25000+ applicable GST

B) Charge @0.15% of contribution subject to minimum Rs 50 and Maximum Rs 25000+ applicable GST

C) Charge @0.10% of contribution subject to minimum Rs 50 and Maximum Rs 10000+ applicable GST

D) Charge @0.20% of contribution subject to minimum Rs 50 and Maximum Rs 25000+ applicable GST 

48. What are the Initial subscriber registration charges at POP for NPS?

A) Rs 100

B) Rs 200

C) Rs 500

D) Rs 1000

49. What is the Non-financial transaction Charges at POP?

A) Rs 10

B) Rs 20

C) Rs 50

D) Rs 100

50. What is the Persistence charges which is being levied annually?

A) Rs 10

B) Rs 20

C) Rs 50

D) Rs 100


















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