The CRA in PFRDA stands for:
ACentral Record Keeping Agency
BCentral Regulatory Authority
CCommon Retail Account
DCustomer Retention Authority
Answer & Solution
Correct answer: A. Central Record Keeping Agency
1. Per OCR: "The Central Record Keeping Agency (CRA's) of the PFRDA performs record keeping, accounting and provides administration and customer services to subscribers of the pension fund."
2. Distinct from custodians & trustee banks.
3. CRA handles the actual subscriber records for NPS.
_Source: ICMAI BoS CMA Foundation Paper 1 (FBLC) — Paper1_07042026.pdf, Module 1 §1.3_
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