Economics · Economy
Consider the following statements regarding Annuity Service Providers (ASPs) under the National Pension System (NPS): 1. ASPs are responsible for providing monthly pension post-retirement by converting a specified part of the NPS corpus into an annuity. 2. Subscribers have no choice in selecting the ASP or the annuity plan; both are assigned automatically by the CRA. 3. Life Insurance Corporation of India (LIC) is one of the empanelled ASPs under NPS. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 11 and 3 only✓
- 21 and 2 only
- 32 and 3 only
- 41 only
Correct answer
1 and 3 only
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Economy MCQs →Want more practice questions on Economy?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Economy