National Pension System (NPS) is a government-sponsored pension scheme. It was launched in ______________.
A
January 2005
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B
January 2004
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C
January 2007
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D
January 2003
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Solution
The correct option is B January 2004 National Pension System (NPS) is a government-sponsored pension scheme. It was launched in January 2004. National Pension Scheme provides old age income with reasonable market based returns. NPS was initially launched only for government employees.