Assertion (A): The Pension Fund Regulatory and Development Authority (PFRDA) aims to promote retirement income security among Indian citizens.
Reason (R): The PFRDA was established to ensure that pension funds operate with full transparency and compliance to protect subscriber interests.
Statement 1: Employees' Pension Scheme (EPS) provides various types of pensions, including superannuation pension and family pension in case of the member's death.
Statement 2: Employees can withdraw the full amount in their EPS account only if they have completed a minimum of 10 years of service.
Which of the statements given above is/are correct?
1 Crore+ students have signed up on EduRev. Have you? Download the App |
Assertion (A): Open-ended mutual funds provide greater liquidity and flexibility to investors compared to close-ended mutual funds.
Reason (R): Close-ended mutual funds allow for trading on stock exchanges, which enhances liquidity for investors.
Assertion (A): Mutual funds provide diversification, which helps reduce individual investment risk.
Reason (R): Diversification in mutual funds is achieved by pooling various asset types, which can lead to a guaranteed return on investment.
What is one primary benefit of investing in mutual funds for individuals?
Statement 1: The National Pension System (NPS) allows employees to contribute a maximum of 10% of their salary, with employers required to match this contribution.
Statement 2: The Employees' Provident Fund (EPF) is exclusively available to employees of the private sector and does not include government employees.
Which of the statements given above is/are correct?
Assertion (A): HDFC Equity Fund primarily focuses on investing in stocks, which exposes it to higher market volatility.
Reason (R): Funds that invest predominantly in equities generally have a higher risk and return potential than those investing in debt securities.
Which of the following best describes the role of fund managers in mutual funds?
What is the primary purpose of mutual funds as investment vehicles?
What is one of the primary benefits of mutual funds for investors?