Question
Which pension fund scheme is open to all citizens of
India and provides a defined contribution to the account?Solution
The National Pension Scheme (NPS) is a pension fund scheme that is open to all citizens of India. It is a defined contribution scheme in which an individual contributes towards their retirement savings, which are invested in market-linked instruments. The scheme is regulated by the Pension Fund Regulatory and Development Authority (PFRDA) and offers both Tier I and Tier II accounts.
A trader allows two successive discounts of x% and y% on the marked price of an article. Is the selling price of the article less than Rs. 18,000?
<...A train that is 200 meters long passes a platform that is 350 meters long in a specific amount of time. The same train, traveling...
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