{"id":33051,"date":"2024-04-15T09:10:49","date_gmt":"2024-04-15T09:10:49","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=33051"},"modified":"2024-04-15T09:10:49","modified_gmt":"2024-04-15T09:10:49","slug":"which-of-the-following-given-types-of-pension-funds-in-india-1-national-pension-scheme-2-public-provident-fund-ppf-3-employee-provident-fund-epf-4-annuity-plans-with-life-cover","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-given-types-of-pension-funds-in-india-1-national-pension-scheme-2-public-provident-fund-ppf-3-employee-provident-fund-epf-4-annuity-plans-with-life-cover\/","title":{"rendered":"Which of the following given Types of Pension funds in India? 1. National Pension Scheme 2. Public Provident Fund (PPF) 3. Employee Provident Fund (EPF) 4. Annuity plans with life cover"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;1 and 2&#8243; option2=&#8221;3 and 4&#8243; option3=&#8221;All of the above&#8221; option4=&#8221;None of the above&#8221; correct=&#8221;option3&#8243;]<!--more--><\/p>\n<p>The correct answer is: <strong>C. All of the above<\/strong><\/p>\n<p>The National Pension Scheme (NPS) is a defined contribution pension scheme launched by the Government of India in 2004. It is a voluntary scheme for all citizens of India, including government employees, private sector employees, and self-employed persons. The NPS offers a number of features, including tax benefits, portability, and flexibility.<\/p>\n<p>The Public Provident Fund (PPF) is a government-backed savings scheme that offers tax benefits and a guaranteed return. The PPF is a popular investment option for individuals who are looking to save for retirement.<\/p>\n<p>The Employee Provident Fund (EPF) is a mandatory provident fund scheme for all employees in the organized sector. The EPF is managed by the Employees&#8217; Provident Fund Organisation (EPFO), a statutory body under the Ministry of Labour and Employment.<\/p>\n<p>Annuity plans with life cover are a type of life insurance policy that provides a guaranteed income stream for the policyholder after retirement. Annuity plans with life cover also offer a death benefit in case the policyholder dies before the end of the policy term.<\/p>\n<p>All of the above are types of pension funds in India.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;1 and 2&#8243; option2=&#8221;3 and 4&#8243; option3=&#8221;All of the above&#8221; option4=&#8221;None of the above&#8221; correct=&#8221;option3&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[699],"tags":[],"class_list":["post-33051","post","type-post","status-publish","format-standard","hentry","category-banking-and-financial-institutions","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Which of the following given Types of Pension funds in India? 1. 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