Pension funds are among the Foreign Institutional Investors now allowed to invest in Indian financial markets. A pension is:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → a monthly payment to a worker who has retired from work
A pension is a monthly payment to a worker who has retired from work. Foreign pension funds are among the FIIs now allowed to invest in Indian financial markets.
A share of profit paid to shareholders is a dividend, and monthly pay for work done is a wage.
NCERT (2026-27): Glossary: “Pension – A monthly payment to a worker who has retired from work.” “… Foreign Institutional Investors (FII), such as merchant bankers, mutual funds and pension funds, are now allowed to invest in Indian financial markets.” |