n NISM Certifications
NSM General NISM
Medium

What is a pension plan?

Practice question from IC 38 Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    A fund from which money is drawn after retirement as periodic payments

  2. A fund into which money is paid during employment and withdrawn post-retirement as periodic payments

    Correct answer

  3. C

    A fund invested for a fixed term

  4. D

    A fund invested for a variable term

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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