Retirement Planning and Pension Schemes Quiz

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Listen to an AI-generated conversation about this lesson
Download our mobile app to listen on the go
Get App

Questions and Answers

What is the purpose of a pension plan?

  • To offer short-term investment opportunities
  • To guarantee a luxurious lifestyle during working years
  • To encourage spending during retirement
  • To provide financial security and stability during old age (correct)

What does the National Pension System in India aim to provide?

  • Social security to more citizens (correct)
  • Free healthcare to retirees
  • Guaranteed employment for the youth
  • Tax exemptions for working individuals

What is the expected increase in the world's life expectancy by 2050?

  • 75 years (correct)
  • 70 years
  • 85 years
  • 80 years

What does the text suggest about the impact of better health and sanitation conditions in India?

<p>Increased life span (D)</p>
Signup and view all the answers

Why is retirement planning considered essential according to the text?

<p>Rising cost of living, inflation and increased life expectancy (D)</p>
Signup and view all the answers

Flashcards are hidden until you start studying

More Like This

Use Quizgecko on...
Browser
Browser