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Questions and Answers
Which industry does superannuation belong to?
Which industry does superannuation belong to?
- Financial services industry (correct)
- Banking industry
- Insurance industry
- Technology industry
What is the objective of superannuation?
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?
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?
What is the difference between taxed and untaxed superannuation funds?
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What is the purpose of employee benefit plans?
What is the purpose of employee benefit plans?
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Superannuation is a type of retirement savings program.
Superannuation is a type of retirement savings program.
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Employee benefits are only offered by the government.
Employee benefits are only offered by the government.
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Defined benefit plans are more common than defined contribution plans.
Defined benefit plans are more common than defined contribution plans.
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Superannuation funds can be either taxed or untaxed.
Superannuation funds can be either taxed or untaxed.
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Mercer Consulting (India) Private Limited is the author of the text.
Mercer Consulting (India) Private Limited is the author of the text.
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