Q. Consider the following statements:
1.The NPS is regulated by the Pension Fund Regulatory and Development Authority (PFRDA).
2.The pension of defense personnel is are paid by the central government and their pension is not included in NPS..
Select the correct statements suing the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

Explanation – Statement 1and 2 are correct. The NPS is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). The pension of defense personnel is are paid by the central government and their pension is not included in NPS.

Source: State elections and the troubling return of the old pension scheme