Superannuation and Employee Benefits
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Superannuation and Employee Benefits

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@LogicalJadeite

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Questions and Answers

Which industry does superannuation belong to?

  • Financial services industry (correct)
  • Banking industry
  • Insurance industry
  • Technology industry

    • What is the objective of superannuation?

  • To provide retirement income (correct)
  • To provide health insurance
  • To offer employee benefits
  • To promote voluntary savings

    • What are the two types of retirement benefit plans mentioned in the text?

  • Superannuation Fund and Pension Fund
  • Defined Contribution and Defined Benefit (correct)
  • Health Insurance and Life Insurance
  • Bank Account and Mutual Fund

    • What is the difference between taxed and untaxed superannuation funds?

    <p>Taxed funds receive tax benefits, while untaxed funds do not</p> Signup and view all the answers

    What is the purpose of employee benefit plans?

    <p>To attract and retain employees</p> Signup and view all the answers

    Superannuation is a type of retirement savings program.

    <p>True</p> Signup and view all the answers

    Employee benefits are only offered by the government.

    <p>False</p> Signup and view all the answers

    Defined benefit plans are more common than defined contribution plans.

    <p>False</p> Signup and view all the answers

    Superannuation funds can be either taxed or untaxed.

    <p>True</p> Signup and view all the answers

    Mercer Consulting (India) Private Limited is the author of the text.

    <p>True</p> Signup and view all the answers

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