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Q. Define about Mutual Fund?
Mutual Fund: A financial vehicle that involves pooling investments in the shares of many different joint stock (or publicly traded) companies, in order to reduce risk and overhead costs associated with investing in corporate shares. An investor buys a unit in mutual fund and receives a pro-rated portion of the fund's total income (including both dividends and capital gains).
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Globalization: A generalized historical process by which more economic activity occurs across national borders. Forms of globalization include international trade (imports and expo
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Defined Benefit Pensions: A pension plan that pays a specified monetary benefit, generally based on a pensioner's years of service and their income at the time of retirement.
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