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MCQ On NPS
MCQ On NPS
SCHEME (NPS)
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14) Under New Pension Scheme, the employee subscriber shall draw pension
based on length of his qualifying service- Ans- Incorrect one. (It is required
for Old Pension Scheme not for NPS)
15) During Extra Ordinary Leave (EOL) on Medical Grounds no contribution
is payable to NPS, either by Govt or by the employee- Ans- Correct One.
16) ____ contribution shall be made during suspension under NPS. Ans- No
contribution.
17) In case of Half Pay Leave (HPL), the subscription of the employer and the
Govt would be _____ Ans- Proportionate to Leave Salary.
18) At ___ age can a subscriber covered under NPS normally exit from the
pension account ? Ans- 60 years.
19) Subscriber can contribute to NPS account beyond the age of 60
years/superannuation upto ___ year Ans-70 years.
20) If NPS subscriber opt for premature exit or voluntary retirement then
minimum Annuitization is _____ of accumulated wealth. Ans- 80%.
21) If NPS subscriber opt for premature exit or voluntary retirement then
maximum lump-sum withdrawl is ____ of accumulated wealth. Ans-20%
22) In case of pre-mature exit, if total accumulated corpus is_________ the
subscriber can avail the option of complete withdrawl. However, you can
exit from NPS only after completion of 10 years. Ans- Less than or equal to
Rs.1 Lakh.
23) When NPS subscriber retired at the time of superannuation then
minimum annuitization is _______ of accumulated wealth. Ans-40%.
24) When NPS subscriber retied at the time of superannuation then
maximum lumpsum withdraw1 is______of accumulated wealth. Ans-60%
25) NSDL founded on____ Ans- August 1996.
26) 16 digit permanent Pension Account Number (PPAN) allotted by _____
Ans- Pay and Accounts Office (PAO)
(* The first four digit of this number indicate the calendar year of joining Govt.service, the next digit indicates whether
it is Civil or Non-Civil Ministry, the next six digits would represent the PAO code (which is used for the purpose of
compiling monthly accounts) and the last five digit will be running serial number of the individual govt. servant which
will be allotted by the PAO concerned)
27) ____ will prepare the annual account statements for each employee at the
end of each financial year. Ans-Central pension Accounting Officer
(CPAO).
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