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.
When the slope of average cost is positive then which of the following holds
The velocity of money is
In the classical linear regression model (CLRM), one of the key assumptions is that the error term has:
Which of the following statements accurately describes the concept of Tax Incidence when the supply curve for the taxed good is perfectly elastic (ES=ďż˝...
 The maximum rate of income tax which...
A worker’s wage in 1996 was Rs.180. What should be the wage in 1999 so that the worker remains at the same level of consumption? [Consider 1995 as the...
Which of the following conditions is not necessary for ordinary least squares to be the best unbiased linear estimator (BLUE)?Â
For fixed proportion production function, the elasticity of substitution is
The distribution of heights of American women aged 18 to 24 is approximately normally distributed with a mean of 65.5 inches and standard deviation of 2...
 If a Cobb-Douglas production is Q = K0.4 L0.6 the function is
