[amp_mcq option1=”SEBI” option2=”FMC” option3=”PFRDA” option4=”RBI” correct=”option3″]
The correct answer is C. PFRDA.
The Pension Fund Regulatory and Development Authority (PFRDA) is an autonomous body set up by the Government of India to develop and regulate the pension market in India. It was established in 2003 under the Pension Fund Regulatory and Development Authority Act, 2003.
The PFRDA’s main objectives are to:
- Promote the development of the pension market in India
- Regulate the pension market in India
- Protect the interests of the subscribers of pension schemes
The PFRDA has the following powers:
- To issue licenses to pension fund managers
- To regulate the activities of pension fund managers
- To monitor the performance of pension schemes
- To impose penalties on pension fund managers for non-compliance with the regulations
The PFRDA has been instrumental in the development of the pension market in India. It has issued licenses to several pension fund managers and has regulated the activities of these managers. The PFRDA has also monitored the performance of pension schemes and has imposed penalties on pension fund managers for non-compliance with the regulations.
The PFRDA has played a key role in the development of the pension market in India. It has helped to create a more robust and efficient pension system in India. The PFRDA has also helped to protect the interests of the subscribers of pension schemes.
The other options are incorrect.
- SEBI is the Securities and Exchange Board of India. It is a statutory body established by the Government of India to protect the interests of investors in securities and to promote the development of the securities market in India.
- FMC is the Forward Markets Commission. It is a statutory body established by the Government of India to regulate the forward markets in India.
- RBI is the Reserve Bank of India. It is the central bank of India. It is responsible for the formulation and implementation of monetary policy in India. It also regulates the banking system in India.