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Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-4

  • question_answer
    Which of the following authorities promotes old age security by establishing developing and regulating pension funds?

    A)  PFRDA

    B)  IRDA

    C)  RBI

    D)  SEBI

    E)  PMC

    Correct Answer: A

    Solution :

     The Pension Fund Regulatory and Development Authority (PFRDA) promotes old age income security by establishing, developing and regulating pension funds and protects the interests of subscribers to schemes of pension funds and related matters. It is authorized by Ministry of Finance, Department, of Financial Services.


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