πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

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

      India? Β 
      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
      ask-question