Question
Under the defined contribution plan, the amount of
pension on retirement is dependent upon which of the following factors?Solution
A Pension plan be either a defined benefit plan or a defined contribution plan. A defined contribution plan is one in which the pension depends on the contributions made and the return generated on the investment made of those contributions. In this plan, the contribution made for the pension fund is defined or fixed. For example NPS or EPF where a fixed amount is contributed every month from the salary.
The weight of two persons Vishwas and Vivek are in the ratio 5:7. If the weights are increased in such a way that Vivek’s weight is increased by 2...
Monthly savings of ‘A’ is Rs. 600 more than his monthly expenditure and his total monthly income is Rs. 5000. If his monthly income is increased by ...
The monthly income of Vivek and Sohan together is Rs. 46000. The income of Vivek and Sohan is increased by 20% and 30% respectively. The new income of ...
Ajay secured 30% in an exam but fell short of the passing mark by 60 marks, whereas Bijay scored 55% and exceeded the passing mark by 90 marks. Determin...
- In a school having 600 students, 55% are boys. Out of the boys and girls, 40% and 35% respectively enjoy reading books. How many students do not enjoy read...
The ratio of the monthly earning of A to that of B is 5:7.If monthly earning of A increased by 25% and that of B decreased by 60% the new ration between...
A man spends 21% and 12% of his monthly salary on rent and transportation, respectively. Out of the remaining money, he spends 26% on food and 41% on en...
In a given years, A sold 2000 caps while B sold 55% more number of caps than A and C sold 20% less number of caps than B. Find the ratio between the num...
In a conference, 78% people were present, and the no. of absentees was 110. The total number of the people who were invited was
Population of a village is three lakh out which 40% were male and the rest were females. The male population earned a profit of 6% and the female popula...