economics medium MCQ

Which regulatory body oversees the pension sector and the National Pension System (NPS) in India?

  1. RBI
  2. SEBI
  3. IRDAI
  4. PFRDA

Answer: PFRDA

The Pension Fund Regulatory and Development Authority (PFRDA) was established by the Government of India in 2003 and later given statutory status in 2013. Its mandate is to regulate pension funds, protect the interests of subscribers, and promote old-age income security.

Topic Financial Markets - Regulation
Exam Relevance UPSC, SSC, Banking
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