NPS Regulation Authority
The authority that regulates the National Pension System (NPS) is the Pension Fund Regulatory and Development Authority (PFRDA). PFRDA was established to promote old age income security by developing regulations and supervisory framework for the pension sector in India.
Distinguishing Regulatory Roles
- PFRDA: Specifically established to regulate and develop the pension sector, including the NPS.
- IRDA: The Insurance Regulatory and Development Authority (now IRDAI) regulates the insurance sector.
- CAG: The Comptroller and Auditor General of India is an auditing body and does not regulate financial markets or pension schemes directly.
- SEBI: The Securities and Exchange Board of India regulates the securities market, including stock exchanges and mutual funds.
Therefore, PFRDA is the correct authority overseeing NPS.
Important Questions from Financial Organisations
In 2025, which Indian regulatory body launched the 'Digital India Financial Literacy Mission' to enhance awareness about digital finance and online fraud prevention?
- Which All-India Financial Institution coordinates financing of Micro, Small and Medium Enterprises (MSME) according to the Dept of Financial Services Annual Report 2024-25 published in March 2025?
Consider the following statements regarding the Corporate Debt Market Development Fund (CDMDF) :
1. It will be established as an Alternative Investment Fund.
2. Contribution to the fund shall be mandatory for specified debt-oriented Mutual Fund Schemes and Asset Management Companies.
3. Initially, it will be established for 5 years and can be extended as per SEBI's mandate.
How many of the statements given above are correct?
- Which significant new financial institution was launched in June 2025 to support India's maritime economy?
- In which year was the National Bank for Agriculture and Rural Development (NABARD) established?
