Retirement Benefit Plan Multiple Choice Questions with Answers – PDF Download

MCQ 1: The pension plan in which the benefits of pension is paid in by both parties involved, such as employers and employees is classified as:

1. non-discretionary plan
2. discretionary plan
3. contributory plan
4. non-contributory plan

MCQ 2: The type of pension plan in which all the benefits of pension are provided by the employer of organization is classified as:

1. contributory plan
2. non-contributory plan
3. non-discretionary plan
4. discretionary plan

MCQ 3: In pension plans for employees, the special account through which the funds are remained nontaxable until the employee retires is classified as:

1. Keogh retirement account
2. vesting account
3. portability account
4. individual retirement account

MCQ 4: The kind of benefit plan in which the employee is promised to get a pension amount based on the service and age of employee is classified as:

1. contributory plan
2. defined benefit plan
3. defined contribution plan
4. noncontributory plan

MCQ 5: The kind of benefit plan in which the annual payment of pension is made to employee's pension account is classified as:

1. defined contribution plan
2. noncontributory plan
3. contributory plan
4. defined benefit plan