A defined benefit plan is: A All post-employment benefits plans other than defined contribution plans. B The same as Defined Contribution plans C A plan where the contributor gets all amount he requires for his pension D None of the above 5. The amount of expense is reasonably predictable in the case of a Defined Contribution Plan \begin{tabular}{|l|l|} \hline A & True \\ \hline B & False \\ \hline \end{tabular} 6. The cost of providing pensions in the case of a Defined Benefit Plan is not certain and varies from year to year \begin{tabular}{|c|c|} \hline A & True \\ \hline B & False \\ \hline \end{tabular} 7. Contribution by an employer to a Defined Contribution plan is \begin{tabular}{|l|l|} \hline A & Fixed \\ \hline B & Not fixed \\ \hline \end{tabular} 8. Contribution by an employer to a Defined Benefit plan is \begin{tabular}{l|l|l|} \hline A & Fixed \\ \hline B & Not fixed \\ \hline \end{tabular} A is the increase in the actuarial liability relating to employee service in the previous period but only arising in the current period B is the increase in actuarial liability (present value of defined benefit obligation) resulting from employee service in current period. C Both of the above 10. Gain (Loss) = \begin{tabular}{|l|l} A & Reduction in PV of obligation + FV of assets paid out \\ B & Reduction in PV of obligation - FV of assets paid out \end{tabular} Reduction in PV of obligation X FV of assets paid out Reduction in PV of obligation / FV of assets paid out 11. Benefits paid are A The amount paid by the fund for pension The amount paid by the entity to the fund The amount paid by the fund for pension and expenses The amount paid by the fund for pension, expenses and investments 12. An employee may provide services to an entity on a A full-time or part-time B permanent or temporary basis C Casual basis D All of the above CTION B IAS 21 - FOREIGN TRANSACTION \begin{tabular}{l|l} 27. Which of the following terms are defined by the statement of the primary economic \end{tabular} environment in which the entity operates? 37. Exchange differences arising on the settlement of monetary items or on translating monetary items at subsequent period shall be recognized in: \begin{tabular}{l|l} \hline A & Profit or loss statement \\ B & Other comprehensive income statement \\ \hline \end{tabular}