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Questions and Answers
What is the purpose of a pension plan?
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?
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?
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?
What does the text suggest about the impact of better health and sanitation conditions in India?
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Why is retirement planning considered essential according to the text?
Why is retirement planning considered essential according to the text?
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