General Knowledge · Government Schemes - NPS
Which of the following best describes the National Pension Scheme (NPS)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1NPS is a scheme that offers only lump sum payments after retirement and is not available to employees in the public sector.
- 2NPS is a mandatory pension scheme only for employees in the private sector with fixed returns.
- 3NPS is available to all Indian citizens voluntarily and offers market-linked returns, with tax benefits under Sections 80C and 80CCD.✓
- 4NPS is a government initiative available only to central government employees and offers no tax benefits.
Correct answer
NPS is available to all Indian citizens voluntarily and offers market-linked returns, with tax benefits under Sections 80C and 80CCD.
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