New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following is not a type of pension fund in

    India?  
    A Defined benefit plan Correct Answer Incorrect Answer
    B Defined contribution plan Correct Answer Incorrect Answer
    C Hybrid pension plan Correct Answer Incorrect Answer
    D Unit-linked pension plan Correct Answer Incorrect Answer
    E All are types of pension funds in India Correct Answer Incorrect Answer

    Solution

    Defined benefit plan, defined contribution plan, and hybrid pension plan are all types of pension plans that exist in India. However, there is no such thing as a unit-linked pension plan in India. Unit-linked insurance plans (ULIPs) are a type of investment product offered by insurance companies that allow investors to invest in a mix of equity and debt securities. Hence, option D is correct.

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