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In India's caste system, the population is divided into how many different castes, or varna?
Stated Benchmark
A specific standard or point of reference against which the performance of a security, mutual fund, or investment manager can be measured.
Incentive Bonus
Additional compensation awarded to employees as a means to stimulate performance or achieve specified goals.
Black-Scholes Value
A theoretical value of an option derived using the Black-Scholes model, which estimates the price of options based on factors such as volatility and time to expiration.
Management Incentive Fee
A fee paid to fund managers for achieving performance targets, often a percentage of the investment gains.
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