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| Date | 2004-07-01 |
|---|---|
| Type | Commercial Circular |
| Topic | general |
| Currency | Historical — likely superseded |
d) Eligible for Death-cum-Retirement Gratuity only in case of retirement
Question Bank - NPS Prepared by – H L Nayak, Ch SWI & Instructor(P)/MDZTI/SECR/BSP Q1. What is the full form of NPS? a) New Pension Scheme b) No Pension Scheme c) National Pension System d) None of these Answer: c) National Pension System Q2. National Pension System is effective from a) 01.01.2004 b) 01.07.2004 c) 01.04.2004 d) None of these. Ans: a) 01.01.2004 (rbe 225/03, secr 14/04) Q3. New entrants in Railway Service will come under National Pension System a) Automatically b) By option c) On Administrative option d) None of these. Ans: a) Automatically Q4. National Pension System is a) Contributory b) Non contributory c) None d) All are correct. Ans: a) Contributory Q5. The contribution payable by the employee in National Pension System is a) Monthly basis b) Quarterly basis c) Half yearly basis d) Yearly basis Ans: a) Monthly basis Question Bank - NPS Prepared by – H L Nayak, Ch SWI & Instructor(P)/MDZTI/SECR/BSP Q6. The Employee’s contribution towards National Pension System is a) @ 8% of basic pay + DA b) @ 9% of basic pay + DA c) @ 10% of basic pay + DA d) @ 12% of basic pay + DA Ans: c) @ 10% of Basic Pay + DA Q7. Employer’s contribution under National Pension System is a) 10% of Basic pay and DA b) 11% of Basic pay and DA c) 12% of Basic pay and DA d) 14% of Basic pay and DA Ans: d) 14% of Basic pay and DA (w.e.f. 01-04-19) Q8. Full form of PFRDA is a) Provident Fund Regulatory and Development Authority b) Public Provident Fund Regulatory and Development Authority c) Pension Fund Regulatory and Development Authority d) None of these Ans: c) Pension Fund Regulatory and Development Authority Q9. How many Central Record Keeping Agency(ies) has/have been appointed by PFRDA under NPS? a) One i.e. National Securities Depository Ltd (NSDL) b) Two i.e. NSDL and M/s Karvy Computershare Private Limited c) Three i.e. NSDL, M/s Karvy Computershare Private Limited and LIC of India d) None of these Ans: b) Two i.e. NSDL and M/s Karvy Computershare Private Limited Q10. Under NPS, which of the following banks has been designated as Trustee bank? a) Bank of India b) Axis Bank c) State Bank of India d) ICICI Bank Ans: b) Axis Bank Question Bank - NPS Prepared by – H L Nayak, Ch SWI & Instructor(P)/MDZTI/SECR/BSP Q11. At the time of retirement on superannuation under NPS, minimum what percentage shall be invested for annuity in IRDA regulated life Insurer? a) 60% of the corpus at the time of retirement b) 100% of the corpus at the time of retirement c) 40% of the corpus at the time of retirement d) 80% of the corpus at the time of retirement Ans: c) 40% of the corpus at the time of retirement Q12. If a Railway servant covered under NPS dies in harness, his/her spouse shall invest minimum ______ for annuity in IRDA regulated life Insurer a) 60% of the corpus at the time of death b) 100% of the corpus at the time of death c) 40% of the corpus at the time of death d) 80% of the corpus at the time of death Ans: d) 80% of the corpus at the time of death Q13. In case of death in service of a Railway servant covered under NPS, pension will be paid to the eligible family members in the following order a) Spouse, Children and Parents b) Spouse, Parents and Children c) Spouse, Mother of subscriber and Father of subscriber d) Spouse, Son and Daughter Ans: c) Spouse, Mother of subscriber and Father of subscriber Q14. Staff covered under NPS are a) Eligible for Death-cum-Retirement Gratuity b) Not eligible for Death-cum-Retirement Gratuity c) Eligible for Death-cum-Retirement Gratuity only in case of death d) Eligible for Death-cum-Retirement Gratuity only in case of retirement Ans: a) Eligible for Death-cum-Retirement Gratuity Q15. Under NPS, partial withdrawal is allowed after a minimum service of a) 10 years b) 5 years c) 3 years d) None
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