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RRB NTPC Economy — practice by topic

Browse 120 questions across 2 Economy topics. Choose what you want to revise, then open a question to check its answer and worked solution.

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Economy topics

Indian Economy (74)Financial Regulators (46)

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Which body is the regulator of pension funds and the National Pension System in India?Read the answer and worked solution →The 1999 OASIS project, which preceded the NPS, examined which policy area?Read the answer and worked solution →From which date did the National Pension System become mandatory for new Central Government employees?Read the answer and worked solution →The NPS was extended to all citizens on a voluntary basis from which year?Read the answer and worked solution →

Worked practice questions

Which body is the regulator of pension funds and the National Pension System in India?

  1. PFRDA
  2. IRDAI
  3. SEBI
  4. NABARD
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Correct answer: A. PFRDA

PFRDA was created to supervise and regulate pensions, including the NPS, under the Department of Financial Services.

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The 1999 OASIS project, which preceded the NPS, examined which policy area?

  1. Rural credit refinance
  2. Crop insurance pricing
  3. Foreign exchange reserves
  4. Old age income security
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Correct answer: D. Old age income security

OASIS stands for old age social and income security, and its report led to the defined contribution pension system.

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From which date did the National Pension System become mandatory for new Central Government employees?

  1. 1 January 2004
  2. 1 April 1991
  3. 1 May 2009
  4. 1 February 2014
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Correct answer: A. 1 January 2004

The contributory NPS was made mandatory for Central Government employees from 1 January 2004, excluding the armed forces.

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