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State PCS PYQPrelims 2020

UPPCS · Question 140

Which of the following statements is NOT correct for National Pension Scheme for Retail Traders/ Shopkeepers and Self-employed persons?

  1. Those who are in the age group of 18 to 40 years are eligible.
  2. Their annual turnover should not exceed Rs. 1.5 crore.
  3. Members of the National Pension Scheme are also eligible.
  4. It has a monthly minimum assured pension of Rs. 3,000.
Show answer & explanation

Answer: (C) Members of the National Pension Scheme are also eligible.

Explanation

Under the NPS for Traders (PM-LVM, 2019), persons already covered by NPS, ESIC, EPFO or PM-SYM are NOT eligible. Age 18–40, turnover up to Rs 1.5 crore and an assured Rs 3,000 monthly pension are correct.