NPS Regulator Identification
The question asks to identify the regulatory body responsible for the National Pension Scheme (NPS).
About NPS
The National Pension Scheme (NPS) is a voluntary, defined contribution pension system, which is regulated by the Government of India.
Regulatory Authority
The Pension Fund Regulatory and Development Authority (PFRDA) is the statutory body established by an Act of Parliament to develop, promote, and regulate the pension sector in India. It specifically regulates the NPS.
Option Analysis
- IRDA is the Insurance Regulatory and Development Authority.
- PFRDA is the Pension Fund Regulatory and Development Authority, the correct regulator for NPS.
- PCRADA is not a recognized regulatory body.
- NPDA is not the correct regulatory body for NPS.
Based on its mandate, PFRDA is the correct regulator for the National Pension Scheme.
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