Question
Which of the following is a type of pension plan where
the employer agrees to pay a specified benefit to the employee upon retirement, based on a set formula?Solution
A defined benefit plan is a type of pension plan where the employer agrees to pay a specified benefit to the employee upon retirement, based on a set formula. This formula typically takes into account the employee's length of service, salary history, and other factors.
 Which historical event is associated with the Jallianwala Bagh massacre that took place on April 13, 1919?
Consider the following statements about AUKUS Initiative:
1. It is a strategic partnership among Australia, the United Kingdom (UK), and the Un...
What is the record high of India's foreign exchange reserves as of May 31, 2024?
Who is the author of the novel 'Western Lane' that was shortlisted for the 2023 Booker Prize?
In which year does Oil India Ltd aim to invest 165 billion rupees ($1.98 billion) in clean energy projects to meet its net zero carbon emissions goal?
Where did the Wings India 2024 event hold in January 2024?
Recently which State’s yak milk product, ‘Yak Churpi,’ has been granted the coveted Geographical Indication (GI) tag?
Phobos is the closest and largest moon of which planet?
In May 2025, which of the following Indian state is set to host the world’s largest data centre?
Which of the following amendments brought changes in both Directive Principles of State Policy and Fundamental Duties?
