Pension funds under the National Pension System are regulated by which authority?

The Insurance Regulatory and Development Authority of IndiaCorrect answerYour answerThe Reserve Bank of IndiaCorrect answerYour answerThe Employees' Provident Fund OrganisationCorrect answerYour answerThe Pension Fund Regulatory and Development AuthorityCorrect answerYour answer

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CorrectNot quiteAnswer D

Correct answer: D

PFRDA regulates the National Pension System and the pension fund managers within it.
IRDAI is the insurance regulator, and annuity products sold by insurers fall to it instead.
EPFO runs the Employees' Provident Fund; it administers a scheme rather than regulating an industry.

Worth noting

PFRDA was given statutory backing by an Act in 2013, having worked without one from 2003.

Concept: Who regulates pension funds
Typical timeTypical: 40 s
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The rule this testsRegulators and economic institutions

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Ten questions from Indian Economy & Institutions, at your own pace.

Pension funds under the National Pension System are regulated by which authority?

Explanation