{"id":41469,"date":"2021-04-26T07:17:23","date_gmt":"2021-04-26T07:17:23","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=41469"},"modified":"2021-04-26T07:17:24","modified_gmt":"2021-04-26T07:17:24","slug":"which-of-the-following-statements-is-are-correct-with-reference-to-the-new-pension-scheme","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/which-of-the-following-statements-is-are-correct-with-reference-to-the-new-pension-scheme\/","title":{"rendered":"Which of the following statements is\/are correct with reference to the New Pension Scheme?"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Which of the following statements is\/are correct with reference to the New Pension Scheme?<\/h2>\n\n\n\n<p>A. The National Pension System (NPS) is a pension and investment scheme developed by the Government of India.<\/p>\n\n\n\n<p>B. The law regulating the NPS allows members to withdraw just 60% of their accumulated savings at the time of retirement.<\/p>\n\n\n\n<p><strong>C. Both A &amp; B<\/strong><\/p>\n\n\n\n<p>D. None of these<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Explanation:<\/h3>\n\n\n\n<p>The National Pension System (NPS) is a pension and investment scheme developed by the Government of India to provide citizens of India with long-term financial security. The law regulating the NPS allows members to withdraw just 60% of their accumulated savings at the time of retirement. With the remaining 40%, it is mandatory to buy an annuity product that provides a fixed monthly income to retirees till their demise.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Which of the following statements is\/are correct with reference to the New Pension Scheme? A. The National Pension System (NPS) is a pension and investment scheme developed by the Government of India. B. The law regulating the NPS allows members to withdraw just 60% of their accumulated savings at the time of retirement. C. Both [&hellip;]<\/p>\n","protected":false},"author":404,"featured_media":41453,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1404],"tags":[],"offerexpiration":[],"class_list":["post-41469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-quiz-april-2021"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/41469","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/404"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=41469"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/41469\/revisions"}],"predecessor-version":[{"id":41470,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/41469\/revisions\/41470"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/41453"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=41469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=41469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=41469"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=41469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}