Q1 · UPSC current affairs · 2 September 2026 · News · PFRDA NPS Risk Standardization and Scheme Revamp

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With reference to the Pension Fund Regulatory and Development Authority (PFRDA), consider the following statements:1.It is a statutory regulatory body established under the PFRDA Act, 2013.2.It functions as an autonomous body under the administrative jurisdiction of the Ministry of Labour and Employment.Which of the statements given above is/are correct?

A 1 only
B 2 only
C Both 1 and 2
D Neither 1 nor 2

Correct answer: (a) 1 only

Explanation

Statement 1 is correct: PFRDA is a statutory regulatory body established under the PFRDA Act, 2013 to promote, develop, and regulate the pension sector in India. Statement 2 is incorrect: PFRDA operates under the Ministry of Finance, not the Ministry of Labour and Employment.

Same topic · past papers

UPSC has asked this before

These previous-year questions sit on the same topic. Open one to practise the earlier ask.

  1. 2017 · Q29 · General Studies · 2 marks

    Who among the following can join the National Pension System (NPS)?

    View answer →

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