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The Pension Fund Regulatory and Development Authority (PFRDA) is authorized by which of the following?

1. GOI
2. RBI
3. Ministry of Commerce
4. Ministry of Finance

Correct answer: Ministry of Finance

Solution

PFRDA is the statutory authority regulating pension funds in India. It functions under the Ministry of Finance, not under the RBI or the Ministry of Commerce. Hence, the correct answer is Ministry of Finance.

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