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Pension Liabilities and State Finances Quiz
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Pension Liabilities and State Finances Quiz

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Questions and Answers

What percentage of total revenue expenditures did pension spending alone amount to in the 10 States on average from 2017-18 to 2021-22?

  • 12.4% (correct)
  • 20.2%
  • 8.7%
  • 15.9%

    • What is the predicted range for the pension outlay as a percentage of GSDP through 2030-31?

  • 0.7% - 3% (correct)
  • 1.5% - 4%
  • 1% - 3.5%
  • 0.5% - 2.5%

    • What factor encouraged early retirement and underutilization of personnel resources, leading to the replacement of OPS with NPS?

  • Salary-linked pensions
  • Rising life expectancy
  • Periodic DA increases
  • OPS (correct)

    • What are the driving factors behind the expected increase in pension obligations in the future?

    <p>Rising life expectancy and periodic DA increases</p> Signup and view all the answers

    What is the percentage of GDP that state pension liabilities represent as of 2021-22?

    <p>1.2%</p> Signup and view all the answers

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