New Pension System is regulated by PFRDA

Q.  Which of the following is regulated by PFRDA?

1) New Pension System
2) General Provident Fund
3) Employees’ Provident Fund
- Published on 23 Feb 16

a. 1, 3
b. 1
c. 2, 3
d. 1, 2, 3

ANSWER: 1
 
  • New National Pension System (NPS) administered by the Pension Fund Regulatory and Development Authority (PFRDA).
  • EPF is administered by Employees' Provident Fund Organisation (abbreviated to EPFO), a statutory body of the Government of India under the Ministry of Labour and Employment.
  • The GPF is administered by central as well as state governments. Mostly the GPF of employees in one state is administered by the state rules.

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