PFRDA Forms Advisory Panels to Modernize Asset Classes and National Pension System Architecture
The committee aims to study global retirement funding models to elevate portfolio returns for pension subscribers through a well-defined 'smooth glide path' for sustainable capital growth.
Simultaneously, PFRDA's high-level SAARG (Strategic Asset Allocation and Risk Governance) Committee is reviewing and modernizing the risk governance framework of the pension system.
These reform initiatives align with massive institutional expansion, as the total NPS subscriber count reached 2.17 crore with an accumulated pension corpus of ₹15.95 lakh crore in FY26.
Exam Perspective: Pension sector reforms, statutory committees, and structural shifts in NPS asset patterns are key areas for questions on financial regulators and national social security networks.
Key Facts / Static GK
PFRDA is governed by a board comprising a Chairperson, not more than three whole-time members, and not more than three part-time members.
Q Practice Quiz — 25 May 2026
1. Which banking institution registered the highest target achievement of 288% under the Atal Pension Yojana (APY) mobilization campaign during the financial year 2025-26?
Explanation: Among Regional Rural Banks (RRBs), Jharkhand Rajya Gramin Bank recorded the highest performance, achieving 288% of its designated target under the Atal Pension Yojana (APY) in FY 2025-26.
2. Under which statutory legislation did the Reserve Bank of India grant the final Prepaid Payment Instrument (PPI) issuer authorization to ZikZuk Technologies?
Explanation: The Reserve Bank of India (RBI) issued the final operating authorization to ZikZuk Technologies under the regulatory provisions of the Payment and Settlement Systems Act (PSSA), 2007.
3. Which mathematical model is utilized to structure the benchmark of India's first exchange-traded weather derivatives contract 'RAINMUMBAI'?
Explanation: The 'RAINMUMBAI' weather derivatives contract is structured on the Cumulative Deviation Rainfall (CDR) model, which measures actual monsoon rainfall deviation from the historical Long Period Average (LPA).
4. Who has been appointed to chair the newly formed PFRDA committee tasked with exploring new asset classes to maximize returns under the National Pension System (NPS)?
Explanation: The committee established by the Pension Fund Regulatory and Development Authority (PFRDA) to evaluate the addition of new asset classes to improve NPS returns is chaired by Narayan Ramachandran.
5. Which of the following represents the largest infrastructure development approved under India's recent ₹2,600 crore allocation for the Chenab river basin?
Explanation: The Chenab-Beas Link Tunnel Project is the largest among the approved projects, valued at ₹2,352 crore, and features an 8.7-km tunnel constructed in the Lahaul-Spiti region of Himachal Pradesh.
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