A
Both 1 and 2
B
Neither 1 nor 2
C
1 only
D
2 only
Correct answer: (c) 1 only
Explanation
Statement 1 is correct because PFRDA is indeed a statutory regulator functioning under the PFRDA Act, 2013. Statement 2 is incorrect because the NPS covers both government employees and private sector subscribers on a voluntary or mandatory basis, not exclusively government employees.
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