CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following people has open National Pension Savings (NPS) accounts online i.e. through eNPS by Union Finance Ministry
A
NRE
B
NRI
C
PIO
D
None of the above
Explanation: 

Detailed explanation-1: -Any Indian citizen in the age group of 18-60 can open an NPS account. NPS is administered and regulated by the Pension Fund Regulatory Authority of India (PFRDA).

Detailed explanation-2: -4. Who can join NPS? Any individual citizen of India (both resident and Non-resident) in the age group of 18-70 years (as on the date of submission of NPS application) can join NPS.

Detailed explanation-3: -All citizens of India between the age of 18 and 60 years as on the date of submission of his / her application to Point of Presence (POP) / Point of Presence-Service Provider (POP-SP) can join NPS.

Detailed explanation-4: -National Pension System (NPS) was introduced for Central Government employees vide Ministry of Finance (Department of Economic Affairs) Notification No. 5/7/2003-ECB & PR dated 22nd December, 2003.

Detailed explanation-5: -An NPS survey asks customers whether or not they would recommend a product to their friends or family, while eNPS surveys ask whether or not the employee would recommend the company to friends and family.

There is 1 question to complete.