2. Questions Bank
  3. UPSC
  4. Economics
  5. Business and Foreign Trade / व्यापार और विदेश व्यापार

UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Business Modules and concepts in India

  • question_answer
          The National Pension System is structured in how many tiers?

    A) 1

    B)                             2

    C) 3                          

    D)          4

    Correct Answer: B

    Solution :

    The NPS system is structured in 2 tires.
    (i) Tier 1-account is basic retirement pension account available to all citizens from Amy 1, 2009; it doesn't permit withdrawal of funds before retirement.
    (ii) Tier 2- account is a prospective payment system account that permits some withdrawal of pension to retirement under exceptional circumstances usually related to the provision of health care.


You need to login to perform this action.
You will be redirected in 3 sec spinner