The 'National Pension System' in India is regulated by: MCQ with Answer and Explanation

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The 'National Pension System' in India is regulated by:

A. PFRDA

B. SEBI

C. RBI

D. IRDAI

Answer: Option A

Solution (By JKSSB Mock Tests)

The National Pension System is regulated by the Pension Fund Regulatory and Development Authority.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Payment of Bonus Act' was enacted in India in which year?

A. 1972

B. 1965

C. 1956

D. 1976

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Correct Answer: Option B

Explanation:
The Payment of Bonus Act was enacted in 1965.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Uruguay Round' of GATT negotiations concluded in:

A. 1986

B. 2000

C. 1994

D. 1990

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Correct Answer: Option C

Explanation:
The Uruguay Round concluded in 1994 and led to the creation of the WTO.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a feature of the Indian monetary policy framework since 2016?

A. Monetary targeting with M3 as the sole intermediate target

B. Flexible inflation targeting with CPI as the nominal anchor

C. Exchange rate targeting

D. Multiple indicator approach without a nominal anchor

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Correct Answer: Option B

Explanation:
India adopted a Flexible Inflation Targeting framework in 2016, with CPI inflation as the nominal anchor and a target of 4% with a tolerance band of ±2%.

This question belongs to: Economy GK Economy Set 1

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