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Showing posts with label MCQs on NPS. Show all posts
Showing posts with label MCQs on NPS. Show all posts

Sunday, May 9, 2021

MCQs on NPS (National Pension System or New Pension Scheme)

 1. 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

2. Who was the Chairman of OASIS Committee?

A) Atul Chaturvedi

B) S A Dave

C) Dr Ajay Shah

D) Gautham Bharadwaj

3. 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

4. PFRDA Was established in

A) 01.04.2001

B) 07.07.2002

C) 23.08.2003

D) 27.09.2004

5. PFRDA Act was passed in

A) 10.07.2012

B) 18.07.2013

C) 19.09.2013

D) 23.08.2013

6. 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

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

A) SBI BANK   B) HDFC BANK    C) AXIS BANK    D) CITY BANK

8. 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

9. 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

10. 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

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

A) 6

B) 8

C) 7

D) 5

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

A) 8

B) 9

C) 10

D) 11

13. 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 

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

A) Rs 100

B) Rs 200

C) Rs 500

D) Rs 1000

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

A) Rs 10

B) Rs 20

C) Rs 50

D) Rs 100

16. 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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