Civil Services UPSC EPFO (EO/AO) Mock Test 2023 Current Affairs Government Policies and Schemes Social Security Schemes
Consider the following statements related to the National Pension System.
1. National Pension System (NPS) is a voluntary, defined contribution retirement savings scheme designed to enable the subscribers to make optimum decisions regarding their future through systematic savings during their working life.
2. NPS seeks to inculcate the habit of saving for retirement amongst the citizens.
Which of the above statement is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2