n NISM Certifications
XVII NISM Series XVII
Medium

In a Defined Contribution plan, the retirement benefit depends on the total corpus accumulated in the scheme at retirement.

Practice question from NISM Series XVII- Retirement Adviser Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. The corpus accumulated in the scheme

    Correct answer

  2. B

    The last drawn pay of the employee

  3. C

    The terms of employment at the time of recruitment

  4. D

    The average rate of return in the debt markets

Why this is the answer

The final pension depends on the accumulated fund, which is the result of contributions and investment returns.

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