SEBI - Investor Certification Examination

SEBI - Investor Certification Examination

 10

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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

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