Which of the following is NOT a type of pension fund?
1) Defined benefit plan
2) Defined contribution plan
3) State-sponsored retirement scheme
4) Money market fund
A defined benefit plan is a pension plan where the employer guarantees a specified retirement benefit amount for the employee based on factors such as salary history and years of service. A defined contribution plan, on the other hand, is a plan where the employer and/or employee make regular contributions to the employee's retirement account, with the eventual payout based on the account balance at retirement. State-sponsored retirement schemes, such as the National Pension System (NPS) in India or the Social Security program in the United States, are government-run pension schemes designed to provide retirement benefits to citizens. Money market funds, on the other hand, are a type of mutual fund that invests in short-term, low-risk securities such as treasury bills, certificates of deposit, and commercial paper. While they may be a part of an investment portfolio, they are not considered a type of pension fund. Hence, statement 4 is the correct answer.
A shopkeeper sold an article at a discount of 11%. If he had given a discount of 6% in place of 11%, then he would have earned Rs. 112 more. If the cost...
Jupiter borrowed a sum of Rs 31,500 from Mars at the rate of 14% per annum for 3 years. He added some more money in it and lent it to Saturn at the rat...
A shopkeeper bought an article and marked it at Rs. 250. By selling the article at a discount of 4%, he earns a profit of 20%. Find the cost price of th...
A merchant has 150 Kg of rice, part of which he sells at 8% profit and the rest at 2% loss. If he gains 4.67% on the whole, the quantity sold at 8% prof...
A shopkeeper bought 'x - 44' kg of sugar at Rs. 60 per kg and 44 kg of sugar at Rs. 'x' per kg and mixed them. He sold the mixture at Rs. 92.3 per kg an...
A shopkeeper sells a badminton shuttle whose marked price is Rs 15, at a discount of 20% and gives a lollipop costing Rs 2.50 free with each shuttle. Ev...
Marked price of an article is Rs.380 more than its cost price. If profit earned is equal to the discount given then find the profit earned?
The marked price of a watch is Rs 3,025. The shopkeeper allows a discount of 20% and gains 25%. If no discount is allowed, what would his gain percent be?
P purchased a book from registered store and gets 12% discount while Q purchased the same book from a roadside stall and got 15% discount. If Q paid Rs....
P purchased a book from registered store and gets 14% discount while Q purchased the same book from a roadside stall and got 18% discount. If Q paid Rs....
