National Pension System 2021 – MCQs- Practice high-quality MCQs for the Inspector of Post Office (IPO) Exam covering key postal rules, procedures, and current schemes. Ideal for quick revision and accurate self-assessment based on the latest syllabus.
1.Which of the following is exempt from the Central Civil Services (National Pension System) Rules, 2021?
A) Government servants appointed after 1st January 2004
B) Members of All India Services
C) Central Recordkeeping Agency
D) Civil Defence Services officers
[show_answer]The correct answer is: Members of All India Services [/show_answer]
2.The National Pension System (NPS) is applicable to which of the following?
A) Government servants appointed before 1st January 2004
B) Casual or daily-rated employees
C) Central Government employees appointed on and after 1st January 2004
D) Railway servants
[show_answer]The correct answer is: Central Government employees appointed on and after 1st January 2004 [/show_answer]
3.What does “Accumulated Pension Corpus” refer to under the NPS?
A) Total value of pension investments in a subscriber’s account
B) Contributions made by the subscriber
C) Contributions made by the employer
D) Total number of employees contributing to NPS
[show_answer]The correct answer is: Total value of pension investments in a subscriber’s account [/show_answer]
4.Who is responsible for managing NPS subscriber records?
A) Pension Fund
B) Central Recordkeeping Agency
C) Drawing and Disbursing Officer
D) Trustee Bank
[show_answer]The correct answer is: Central Recordkeeping Agency [/show_answer]
5.Which of the following defines “Emoluments”?
A) Only basic pay
B) Basic pay, non-practicing allowance, and dearness allowance
C) Basic pay and allowances for leave
D) Total salary after deductions
[show_answer]The correct answer is: Basic pay, non-practicing allowance, and dearness allowance [/show_answer]
6.What is the maximum contribution from the employee towards NPS?
A) 14% of basic pay + DA
B) 10% of basic pay + DA
C) 14% of gross salary
D) 20% of basic pay + DA
[show_answer]The correct answer is: 10% of basic pay + DA [/show_answer]
7.Which of the following accounts under NPS is voluntary?
A) Tier I Account
B) Tier II Account
C) Both Tier I and Tier II Accounts
D) None of the above
[show_answer]The correct answer is: Tier II Account [/show_answer]
8.The NPS allows for how many partial withdrawals during a subscriber’s tenure?
A) 1
B) 3
C) 5
D) 2
[show_answer]The correct answer is: 3 [/show_answer]
9.What is the minimum age to join the NPS?
A) 18 years
B) 21 years
C) 25 years
D) 16 years
[show_answer]The correct answer is: 18 years [/show_answer]
10.What is the maximum exposure to equity (E) for individuals up to 50 years of age?
A) 100%
B) 75%
C) 50%
D) 25%
[show_answer]The correct answer is: 75% [/show_answer]
