MCQ

Unified Pension Scheme (UPS) MCQ - Practice Questions with Answers

Solve 5 Unified Pension Scheme (UPS) questions for RAS/RPSC preparation.

Practice questions

Q1Under UPS, what is the assured family payout payable to the legally wedded spouse after the subscriber's death?

A 50% of the subscriber's admissible payout

B 60% of the subscriber's admissible payout immediately before death

C 75% of the subscriber's last basic pay

D ₹10,000 per month in every case

Explanation

The legally wedded spouse receives 60% of the admissible payout that was payable to the subscriber immediately before death. This is distinct from the 50% assured-payout formula for 25 years of service and the ₹10,000 minimum assured payout.

Q2Match List I with List II and select the correctly matched set. List I: (1) Full assured payout (2) Minimum assured payout (3) Family payout (4) Superannuation lump sum List II: (a) 60% of the subscriber's admissible payout (b) ₹10,000 per month after 10 years (c) 50% of the last 12 months' average basic pay after 25 years (d) One-tenth of monthly emoluments for every completed 6 months of service

A 1-c, 2-b, 3-a, 4-d

B 1-b, 2-c, 3-d, 4-a

C 1-c, 2-a, 3-b, 4-d

D 1-d, 2-b, 3-a, 4-c

Explanation

The correct set is 1-c, 2-b, 3-a, 4-d. Full assured payout is 50% of the last 12 months' average basic pay after 25 years; the minimum is ₹10,000 after 10 years; family payout is 60% of admissible payout; and the lump sum is one-tenth of monthly emoluments for each completed 6 months.

Q3From which date did the Unified Pension Scheme (UPS) become operational for eligible Central Government employees?

A 1 April 2025

B 24 August 2024

C 24 January 2025

D 2 September 2025

Explanation

UPS became operational on 1 April 2025. The chronology is important: the Union Cabinet approved it on 24 August 2024, the Department of Financial Services notified it on 24 January 2025, and operationalisation followed on 1 April 2025.

Q4Which one of the following statements about withdrawals under UPS is incorrect?

A Final withdrawal may be up to 60% of the individual corpus or benchmark corpus, whichever is lower.

B Partial withdrawal may be up to 25% of the subscriber's own contributions, excluding returns.

C Up to 3 partial withdrawals are allowed, including earlier withdrawals made under NPS.

D A final withdrawal never affects the assured payout, even if the resulting corpus shortfall is not replenished.

Explanation

Option D is incorrect. A final withdrawal can be up to 60% of the lower of the individual corpus and benchmark corpus, but it proportionately reduces the assured payout unless the shortfall is replenished. Partial withdrawal is separately capped at 25% of own contributions, excluding returns, and at 3 occasions including earlier NPS withdrawals.

Q5Consider the following statements about UPS: 1. An employee contributes 10% of basic pay plus Dearness Allowance. 2. The Government contributes 10% to the individual corpus and an estimated 8.5% to the pool corpus. 3. The Government contribution under plain NPS is stated as 18.5%. Which of the statements given above are correct?

A 1 only

B 2 and 3 only

C 1 and 2 only

D 1, 2 and 3

Explanation

Statements 1 and 2 are correct. Under UPS, the employee contributes 10% of basic pay plus Dearness Allowance, while the Government contributes 10% to the individual corpus and about 8.5% to the pool corpus. Thus, 18.5% is the UPS Government total; the stated plain-NPS Government share is 14%, making statement 3 incorrect.

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