n NISM Certifications
XVII NISM Series XVII
Medium

The Pension Fund Regulatory and Development Authority (PFRDA) is responsible for registering, regulating, and overseeing the management of pension schemes including protecting subscriber interests.

Practice question from NISM Series XVII- Retirement Adviser Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Approving the schemes offered by NPS

  2. B

    Protecting the interests of the subscribers

  3. C

    Ensuring that funds are managed properly by NPS

  4. All of the above

    Correct answer

Why this is the answer

PFRDA’s functions include scheme approval, regulation, registration of intermediaries, and safeguarding subscriber interests through proper fund management.

Test yourself for real

Take a full NISM Series XVII mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.