{"id":33667,"date":"2024-04-15T09:20:02","date_gmt":"2024-04-15T09:20:02","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=33667"},"modified":"2024-04-15T09:20:02","modified_gmt":"2024-04-15T09:20:02","slug":"pran-stands-for","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/pran-stands-for\/","title":{"rendered":"PRAN Stands for:"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a979fb3bf611\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"true\">\r\n                    Permanent Retirement Account Number                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    Pension Retirement Account Number                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    Permanent Referral Account Number                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    None of the Above                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: <strong>A. Permanent Retirement Account Number<\/strong><\/p>\n<p>PRAN stands for Permanent Retirement Account Number. It is a 12-digit number that is assigned to each individual who contributes to the National Pension System (NPS). The PRAN is unique to each individual and is used to track their contributions to the NPS.<\/p>\n<p>The NPS is a voluntary pension scheme that was launched by the Government of India in 2004. The scheme is open to all citizens of India, including salaried employees, self-employed persons, and professionals. The NPS offers a number of benefits, including tax deduction under Section 80CCD of the Income Tax Act, 1961, and the option to withdraw the accumulated corpus at the time of retirement or at any time after the age of 50 years.<\/p>\n<p>The PRAN is an important document for NPS subscribers. It is used to identify the subscriber and to track their contributions to the NPS. The PRAN is also required to withdraw the accumulated corpus from the NPS.<\/p>\n<p>If you are an NPS subscriber, it is important to keep your PRAN safe and secure. You should not share your PRAN with anyone else. If you lose your PRAN, you can apply <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> for a duplicate PRAN from the NPS website.<\/p>\n<p>Here is a brief explanation of each option:<\/p>\n<ul>\n<li>\n<p><strong>A. Permanent Retirement Account Number<\/strong><br \/>\nThe PRAN is a 12-digit number that is assigned to each individual who contributes to the National Pension System (NPS). The PRAN <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> is unique to each individual and is used to track their contributions to the NPS.<\/p>\n<\/li>\n<li>\n<p><strong>B. Pension Retirement Account Number<\/strong><br \/>\nThe PRAN is not a pension retirement account number. The PRAN is a 12-digit number that is assigned to each individual who contributes to the National Pension System (NPS). The PRAN is unique to each individual and is used to track their contributions to the NPS.<\/p>\n<\/li>\n<li>\n<p><strong>C. Permanent Referral Account Number<\/strong><br \/>\nThe PRAN is not a permanent referral account number. The PRAN is a 12-digit number that is assigned to each individual who contributes to the National Pension System (NPS). The PRAN is unique to each individual and is used to track their contributions to the NPS.<\/p>\n<\/li>\n<li>\n<p><strong>D. None of the Above<\/strong><br \/>\nThe correct answer is A. PRAN stands for Permanent Retirement Account Number.<\/p>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/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":[],"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>PRAN Stands for:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/pran-stands-for\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PRAN Stands for:\" \/>\n<meta property=\"og:description\" content=\"Join Our Telegram 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