SEBI - Investor Certification Examination
SEBI - Investor Certification Examination
Q 1. What is a pension?
- A one-time payment after retirement
- A regular payment received during retirement
- Type of Insurance
- A health insurance plan
Q 2. Why are pension plans important?
- They help pay off debts
- They ensure financial security and stability during old age
- They increase monthly expenses
- They are short-term investments
Q 3. What should one do to receive a pension from their existing bank account?
- Open a new account
- Use their existing account
- Transfer their account to another branch
- Apply for a new account every year
Q 4. Can a pension account be transferred to a different bank?
- No, it must stay with the original bank
- Yes, it can be transferred
- Only if the original bank approves
- Only for government employees
Q 5. When should a pensioner submit their ‘Life Certificate’ to their bank branch?
- January
- March
- June
- December
Q 6. What is the ‘Jeevan Pramaan’ Digital Life Certificate?
- A type of pension plan
- A digital method to submit the Life Certificate using Aadhaar and mobile
- A new pension account
- A health insurance plan for retirees
Q 7. Why is retirement planning important?
- To buy a new house
- To ensure people live with pride without compromising their standard of living during retirement
- To get a government job
- To travel the world
Q 8. What is the purpose of annuity plans in pension schemes?
- To pay off debts
- To accumulate savings and provide regular income after retirement
- To offer health insurance
- To buy property
Q 9. What should pensioners remember to do every year in November?
- Open a new bank account
- Submit their 'Life Certificate' to their bank branch
- Apply for a loan
- Change their pension plan
Q 10. Where can pensioners submit their Digital Life Certificate?
- At any government office
- Online at www.jeevanpramaan.gov.in
- At their local post office
- At any ATM
Q 11. What does a pension plan provide during retirement?
- A one-time bonus
- Monthly expenses coverage
- Regular payments for financial stability
- Discounts on travel
Q 12. How does 'Jeevan Pramaan' benefit pensioners?
- By offering higher interest rates
- By simplifying the submission of the Life Certificate
- By providing additional pension funds
- By offering free travel insurance
Q 13. What ensures that people live without compromising their standard of living during retirement?
- Health insurance
- Retirement planning
- Monthly bonuses
- Loans
Q 14. Which document must pensioners submit to prove they are alive?
- Birth certificate
- Life Certificate
- Retirement letter
- Aadhaar card
Q 15. What is the main goal of pension plans?
- To increase wealth rapidly
- To provide financial security during old age
- To offer short-term investment options
- To provide educational loans