Q11 · UPSC current affairs · 30 September 2026 · News · PFRDA Risk Assessment Platform National Pension System

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Consider the following statements regarding the National Pension System (NPS) and its regulator:1.PFRDA is established as a statutory regulator under the PFRDA Act, 2013.2.The National Pension System is exclusively restricted to central and state government employees on a mandatory basis and excludes private sector subscribers.Which of the statements given above is/are correct?

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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