GK
PUBLIC ADMINISTRATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the function of PSD in planning?
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To determine the roles of the public sector
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To develop strategic alliances and networking
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To determine the requirement and development of human resource
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To determine pension and retirement benefit
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Explanation:
Detailed explanation-1: -Receiving of Subscribers funds from Trustee Bank for investments as per subscriber preferences. Investing the funds in securities prescribed in the investment guidelines issued by Authority and Investment Policy approved by the Board of Pension Fund.
Detailed explanation-2: -A defined benefit plan, more commonly known as a pension plan, offers guaranteed retirement benefits for employees. Defined benefit plans are largely funded by employers, with retirement payouts based on a set formula that considers an employee’s salary, age and tenure with the company.
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