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Limited Departmental Competitive Examination
Assistant Account Officer – 2022
Paper IV: Topic – National Pension System
Time allowed: 3 hrs Maximum marks: 100
Part-A
[Link].-1 – Read the following statements and give the answer in Yes or No.
(each question carries 2 Marks)
1) NPS Rules 2021 don’t apply on Railway servants.
2) “Trustee Bank” in relation to a Ministry or Department or Union territory
means the Reserve Bank or any bank which is appointed to transact
business of the Government pertaining to that Ministry or Department
or Union territory and is officially recognised for transfer of funds to the
Accredited Bank;
3) “Permanent Retirement Account Number” means a unique
identification number allotted to each subscriber by the Pay and
Account Office;
4) Emoluments in NPS means “Basic Pay + Non-Practice Allowance +
DA”
5) Contribution by the Subscriber to the National Pension System is 10%
of emoluments per month
6) A Subscriber may, at his option, make contribution in excess of the
contribution in accordance with the procedure laid down by the
Authority and the Government.
7) The Government shall make contribution of 14 % (fourteen per cent)
of the emoluments of a Government servant to the Individual Pension
Account of the Subscriber every month.
8) The rate of interest for delay deposit in NPS would be the rate of
interest, as decided by the Government from time to time, for the
General Provident Fund deposits.
9) Form-2 as option form has to be submitted by every employee
governed by NPS rules 2021 immediately.
10)The option exercised under Form-1 cannot be revised by the
Subscriber once it is filled.
Part B
Question – 2 - Each question carries 5 Marks
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1) Write the 5 categories of employees not covered under NPS Rules
2021?
2) What are the options having NPS subscriber in case of Death?
3) What are the tax benefits under IT Act,1961 for Tier-1st account of
Subscriber enrolled under NPS?
4) What is the Retirement and Death gratuity in NPS. Write the rate of
death gratuity according to the length of qualifying service.
5) Describe the superannuation and retiring gratuity?
6) How can we payment the gratuity in case of missing of Government
employee who enrolled in NPS?
7) What are the effects on Annuity if NPS Subscriber is awarded with
compulsory retirement?
8) Describe the benefits of NPS subscriber retired under Rule 56 of
Fundamental Rules.
9) What are the options having NPS subscriber in case invalidation or
disability?
Part-C
Question – 3 - Each question carries 2 Marks
1) In the case of Dept of Posts, which office is called Pay and Account
Office?
2) What do you mean by Central Record Keeping Agency? At present
which agency is working as CRA for National Pension System?
3) What are the emoluments as per NPS Rules 2021?
4) What is the contribution of employee and co-contribution of
employer in NPS?
5) Write the name of category of Subscriber under PFRDA (Exit and
Withdrawal under NPS) Regulation 2015?
Question – 4 - Each question carries 4 Marks
1) Explain the NPS Lite scheme.
2) What is the partial withdrawal in NPS? Write 4 condition of partial
withdrawal?
3) Describe the Income Tax benefits under National Pension system?
4) Name of any 5 Pension Fund Manager of NPS?
5) Describe the case of retirement on superannuation and before
superannuation in NPS, rules 2021?
