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National Pension Scheme Subscriber Rate Increases to 23% in March

Published on March 11, 2023

Current context: National pension scheme (NPS) will replace the old pension scheme. It caused major burden on the finances of the country. The new pension scheme is based on new citizen model.

National Pension Scheme Subscriber Rate Increases to 23% in March
  • The new all citizen model has seen an increase of 32% which is followed by Atal Pension Yojana at 28.4%. The next one following is the corporate model with 20.2%.
  • The NPS Lite has grown by 0.3%.
  • The total pension assets under management (AUM) have increased from 23.5% to Rs.8.82 trillion.
  • The new subscribers have risen to 23% (62.4 million) on March 4th.
  • The old pension scheme was introduced in April, 2004.

Question: 

Q.1 Assets under management (AUM) have increased from to Rs.8.82 trillion.
a. 1.2 trillion
b. 2.6 trillion
c. 8.82 trillion
d. 1.7 trillion
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