What is the primary objective of the National Pension Scheme (NPS)?

"To provide retirement benefits to all Indian citizens" "To encourage systematic savings for retirement" "To offer tax benefits on investments" "To regulate the Indian stock market"

Which of the following is a key feature of the NPS Tier-II account?

"It is the default account type" "Withdrawals are restricted" "It offers liquidity of funds" "It is mandatory for all subscribers"

Under the Active Choice investment option in NPS, what is the maximum percentage that can be allocated to Equities (Asset Class E)?

"25%" "30%" "40%" "50%"

What is the minimum age requirement for an Indian citizen to voluntarily enroll in the NPS?

"18 years" "21 years" "25 years" "30 years"

Which of the following entities is NOT eligible to participate in the Corporate Model of NPS?

"Registered Companies" "Proprietary Concerns" "Non-Profit Organizations" "Partnership Firms"

What is the tax implication on the lump-sum withdrawal of up to 40% of the NPS corpus after the age of 60?

"Fully taxable" "Partially taxable" "Tax-exempt" "Tax-deferred"

Which organization regulates and administers the National Pension Scheme?

"Securities and Exchange Board of India (SEBI)" "Insurance Regulatory and Development Authority of India (IRDAI)" "Pension Fund Regulatory and Development Authority (PFRDA)" "Reserve Bank of India (RBI)"