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The PFRDA in India manages which retirement system?
AEmployees' Provident Fund
BNational Pension System (NPS)
CAtal Pension Yojana administration only
DState government pension schemes
Answer & Solution
Correct answer: B. National Pension System (NPS)
1. Per OCR: "The National Pension System (NPS) of the government is managed by the PFRDA."
2. PFRDA also regulates custodians + trustee banks.
3. Central Record Keeping Agency (CRA) handles records + customer service.
_Source: ICMAI BoS CMA Foundation Paper 1 (FBLC) — Paper1_07042026.pdf, Module 1 §1.3 (page ~) _
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