n NISM Certifications
XVII NISM Series XVII
Medium

The National Pension System offers a defined contribution retirement benefit, where the final pension depends on the accumulated corpus and investment returns.

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

Options

  1. Defined contribution

    Correct answer

  2. B

    Guaranteed pension

  3. C

    Defined benefit

  4. D

    Voluntary pension

Why this is the answer

NPS contributions are invested, and the pension depends on the fund’s performance.

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