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RAILWAY QUESTION BANK  STUDY MATERIAL 

 

ESTABLISHMENT 

NEW PENSION SCHEME

 

 QUESTION BANK WITH ANSWER - NEW PENSION RULES

Q1.     New pension scheme is effective from

a)     01.01.2004   

b)     01.07.2004   

c)      01.04.2004   

d)     None of these.

 

Ans:     a) (Authority: Board’s letter No. F(E)III/2003/PNI/24 dt.31.12.03  RBE No.225/03, SER No.2/04)

 

Q2.                  New entrants in Railway Service will come under New Pension Scheme

 

a)     Automatically

b)     By option

c)      On Administrative option

d)     None of these.

 

Ans:     a)         (Authority: Board’s letter No. F(E)III/2003/PNI/24 dt.31.12.03  RBE No.225/03, SER No.2/04)

 

Q3.      New Pension Scheme is

 

a)      Contributory

b)      Non contributory

c)      None

d)      All are correct.

 

Ans:     a)         (Authority: Board’s letter No. F(E)III/2003/PNI/24 dt.31.12.03  RBE No.225/03, SER No.2/04)

 

Q4.                       New Pension Scheme is

 

a)     Single tire system

b)     Two tire system

c)      Three tire system

d)     None of these

 

Ans:     a)         (Authority: Board’s letter No. 2004/AC-II/21/1 dt.19.02.04  RBA No.05/04, SER No.66/04)

 

Q5.      The contribution payable by the employee

 

a)      Monthly basis

b)      Quarterly basis

c)      Half yearly basis

d)      Yearly basis

 

Ans: a) (Authority: Board’s letter No. 2004/AC-II/21/1 dt.19.02.04  RBA No.05/04, SER No.66/04)

 

Q6.      Permanent Pension Account Number will consist of

 

a)      12 digits

b)      14 digits

c)      16 digits

d)      20 digits

 

Ans: c)(Authority: Board’s letter No. 2004/AC-II/21/1 dt.19.02.04  RBA No.05/04, SER No.66/04)

 

Q7.      The Nodal Officer for each Railway is

 

a)      GM

b)      CPO

c)      Dy. GM

d)      FA&CAO

 

Ans: d)(Authority: Board’s letter No. 2004/AC-II/21/1 dt.19.02.04  RBA No.05/04, SER No.66/04)

 

Q8.      The Officer-in-charge at HQ Office is

 

a)      FA&CAO

b)      FA&CAO(HQ)

c)      Dy.CAO(G)

d)      SAO(Pension)

 

Ans:     c)         (Authority: Board’s letter No. 2004/AC-II/21/1 dt.19.02.04  RBA No.05/04, SER No.66/04)

 

Q9.      The contribution towards New Pension Scheme is

 

a)      @ 8% of pay

b)      @ 9% of pay

c)      @ 10% of pay

d)      @ 12% of pay

 

Ans:     c)         (Authority: Board’s letter No. 2004/AC-II/21/1 dt.19.02.04  RBA No.05/04, SER No.66/04)

 

Q10.    Dearness Allowance is to be taken with pay for contribution.

a)      Yes

b)      No

c)      Partly true

d)      Partly wrong.

 

Ans:     a) (Authority: Board’s letter No. 2004/AC-II/21/1 dt.19.02.04  RBA No.05/04, SER No.66/04)

 

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