10 Questions
Which industry does superannuation belong to?
Financial services industry
What is the objective of superannuation?
To provide retirement income
What are the two types of retirement benefit plans mentioned in the text?
Defined Contribution and Defined Benefit
What is the difference between taxed and untaxed superannuation funds?
Taxed funds receive tax benefits, while untaxed funds do not
What is the purpose of employee benefit plans?
To attract and retain employees
Superannuation is a type of retirement savings program.
True
Employee benefits are only offered by the government.
False
Defined benefit plans are more common than defined contribution plans.
False
Superannuation funds can be either taxed or untaxed.
True
Mercer Consulting (India) Private Limited is the author of the text.
True
Test your knowledge on the superannuation industry and employee benefits with this introductory quiz. Explore the history of superannuation, learn about eligibility requirements, and discover the reasons why employers offer employee benefits. Get ready to enhance your understanding of this vital aspect of the financial services industry.
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