Under the defined contribution plan, the amount of

pension on retirement is dependent upon which of the following factors?

A Age and salary Correct Answer Incorrect Answer

B Contribution and investment return Correct Answer Incorrect Answer

C Salary and investment return Correct Answer Incorrect Answer

D Contribution and age Correct Answer Incorrect Answer

E Contribution and years of service Correct Answer Incorrect Answer

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.

Practice Next

More Alternate Sources of Finance Questions

निम्नलिखित में से कौन सा ‘ संरक्षण और परिरक्षण' वाक्या...
शब्दों में कौन सा ‘ निकालना ‘ शब्द का सही अंग्रेजी पर्याय�...
The employee has withdrawn one lac rupees from his GPF account for a down payment on a house.
संचार साधनों और प्रचार सामग्री की भाषा स्पष्ट और रोचक होन�...
above resolution be published in the gazette का हिन्दी अनुवाद है ?
A backdated cheque is needed to adjust the advance.
मुक्त विद्यालय ऐसे छात्रों के लिए एक बहुत अच्छा अवसर प...
The main pivotal organisation is enforcing a self regulatory environment in the country.
निम्नलिखित शब्दों में से resolution का पर्याय नहीं है
निम्नलिखित में से विपुल शब्द का अर्थ नहीं है ?

Thank You for posting your query. Please check your email for further guidance

Please Register/Login to Download Question