📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

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

    India?  
    A Defined Benefit Plan Correct Answer Incorrect Answer
    B Defined Contribution Plan Correct Answer Incorrect Answer
    C Hybrid Plan Correct Answer Incorrect Answer
    D Inflation-Indexed Pension Plan Correct Answer Incorrect Answer
    E All of the above are pension plans in India Correct Answer Incorrect Answer

    Solution

    Inflation-Indexed Pension Plan is not a type of pension plan in India. The other three options - Defined Benefit Plan, Defined Contribution Plan, and Hybrid Plan - are all types of pension plans that are offered by various companies and organizations in India. A Defined Benefit Plan provides a specific retirement benefit that is predetermined by a formula, while a Defined Contribution Plan provides a benefit based on the contributions made and investment performance. A Hybrid Plan combines elements of both Defined Benefit and Defined Contribution plans.

    Practice Next
    More Financial Management Questions
    ask-question