Economics · Economy
Which of the following functions is a direct responsibility of the Pension Fund Regulatory and Development Authority (PFRDA) under the PFRDA Act, 2013?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Regulating the gratuity funds and employee provident funds (EPF) under the Ministry of Labour.
- 2Registering and regulating Pension Fund Managers (PFMs) and overseeing the operations of the National Pension System (NPS).✓
- 3Defining the maximum investment limits for public sector bank equity shares in corporate markets.
- 4Providing deposit insurance cover for the accumulated corpus under the NPS Tier I accounts.
Correct answer
Registering and regulating Pension Fund Managers (PFMs) and overseeing the operations of the National Pension System (NPS).
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