DAILY QUIZ UPSC :26 AUGUST 24

Consider the following statements regarding the Unified Pension Scheme (UPS):

The Unified Pension Scheme consolidates various pension schemes under a single framework.
The scheme is applicable to all government and private sector employees.
Under the UPS, contributions are equally shared between the employee and the employer.

Which of the above statements is/are correct?

1 only

1 and 2 only

2 and 3 only

1, 2, and 3

Consider the following statements about the National Pension Scheme (NPS):

The NPS is a voluntary, defined contribution retirement savings scheme.
Under the NPS, subscribers can choose their investment options and pension fund managers (PFMs).
The NPS is applicable only to government employees in India.

Which of the above statements is/are correct?

1 and 2 only

2 and 3 only

1 and 3 only

1, 2, and 3

Consider the following statements regarding the impact of the Federal Bank Rate:

An increase in the Federal Bank Rate typically leads to higher interest rates on loans and mortgages.
A lower Federal Bank Rate usually stimulates borrowing and spending in the economy.
The Federal Bank Rate is the same as the federal funds rate.

1 and 2 only

2 and 3 only

1 and 3 only

1, 2, and 3

Consider the following statements regarding National Parks in India:

National Parks are areas that are strictly reserved for the conservation of wildlife and biodiversity.
Human activities like grazing and cultivation are permitted within National Parks.
The establishment of a National Park requires the approval of both the Central and State governments.

Which of the above statements is/are correct?

1 only

1 and 3 only

2 and 3 only

1, 2, and 3