Multiple choice

NPS stands for _________.

  1. National Pension System

  2. New Pension System

  3. National Penalty System

  4. New Production System
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

NPS stands for New Pension System, which was introduced by the Government of India in 2004 as a retirement savings scheme for government employees. It was later opened to all citizens. Note that while it's now officially called National Pension System in many contexts, NPS originally stood for New Pension System.

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