Which of the following is a feature of a defined contribution pension plan?
1) Guaranteed payout at retirement
2) Employee bears the investment risk
3) Contributions are fixed in it.
A defined contribution pension plan is a type of retirement plan in which the contributions are fixed, but the eventual payout is not. The contributions are invested and the eventual payout depends on the performance of the investments. Therefore, the employer does not guarantee a payout at retirement and the investment risk is borne by the employee. This is in contrast to a defined benefit pension plan, in which the employer guarantees a certain payout at retirement regardless of the performance of the investments.
_______ has signed an MoU with Society of Indian Aerospace Technologies and Industries to facilitate mutual cooperation for the overall benefit of MSMEs...
Observing changes in the financial variables across the years is:
What is the appropriate accounting treatment for general donations and legacies received by a non-profit organization in India?
Consider the following statements.
1) The IFSCA Act empowers the IFSCA to make regulations for the development of financial services...
1. Given the following, what is the amount of Capital?
Assets: Premises 20,000; Inventory 8,500; Cash 100.
Liabilities: Trade Pa...
Which of the following International financial organizations recently pledges $25 billion for the next five years to fund India's infrastructure creation?
In the financial statements, contingent liability is ________
_______ and Export-Import Bank of India (India Exim Bank), have entered into an agreement under the Trade Assistance Programme (TAP), to support cross...
What does the ratio obtained by dividing a company's net income by its number of shares outstanding signify ?
India International Bank of Malaysia (IIBM), based in Kuala Lumpur, has opened a special Rupee Vostro account to settle trades in Indian Rupee through w...
