Module: General Practice
Q140: Who is the regulatory authority responsible for the administration and supervision of the Atal Pension Yojana (APY)?
✅ Correct Answer: C
🎯 Quick Answer:
PFRDA is the regulator.Structural Breakdown: 1. Role of PFRDA: It administers the National Pension System (NPS) and APY.
It appoints the Point of Presence (PoPs) and aggregators.
2. Architecture: The money collected is invested by Pension Funds appointed by PFRDA as per investment guidelines.
3. Claim Settlement: PFRDA ensures the "Guaranteed Pension" promise is kept by the government by managing the gap funding if necessary.