Q1.
The per capita income in India (at 1997-98) is ___________.
Q2.
In India, the number of elderly (persons aged 60 and above) is expected to increase by __________.
Q3.
(I) As per the 1991 Census data, India has an estimated 314 million workers.
(II) Government employees contribute 6% of wages into a provident fund scheme.
Q4.
Employers and employees are mandated to make equal contributions totaling between _________ and _________ of employee’s wages towards the EPF and EPS for the organized sector.
Q5.
The Employees’ Pension Scheme (EPS) offers defined benefits of up to a maximum of ___________ to the average of the last 12 month’s salary for the organized sector.
Q6.
The PPF account accepts accretions of a minimum of ____________ and a maximum of ____________ per member per year for the unorganized sector.
Q7.
A uniform exit fee (load) of _________ would be applied on all transfers across PFMs for individual control of assets.
Q8.
The pension system should require a modest minimum contribution rate of _________ per year.
Q9.
National Securities Depository was created in _________.
Q10.
Withdrawals from PPF-2 should only be permitted at age 58.
Q11.
Approximately ___________ of India’s population live in rural areas.
Q12.
The Government contributes __________ of wages into the EPS for the organized sectors.
Q13.
The universe of “Points of Presence” would include:
Q14.
The core function of Indian Pensions Authority (IPA) is to oversee and supervise the functioning of the pension system, resolve problems and make incremental improvements on an ongoing basis.
Q15.
IPA would require copious information disclosure by PFMs on a daily basis.
Q16.
Social security programs are provided by at least _________ countries.
Q17.
By 2020, it is estimated that __________ of the population of the OECD countries will be over 60 years of age.
Q18.
According to the current tax treatment in India, dividend distribution tax at a concessional rate of __________ is payable by the mutual fund on dividends declared.
Q19.
According to the current tax treatment in India, Interest accretion to the fund up to ___________ is exempt from tax.
Q20.
According to the current tax treatment in India, rebate at 20% of the premiums is available under section 88 of the Act.
Q21.
(I) According to the current tax treatment in India, commuted value of pension received is exempt from tax.
(II) According to the current tax treatment in India, withdrawals made after 7 years of service are exempt from tax.
Q22.
According to the current tax treatment in India, income of a company carrying on life insurance business is taxed at a concessional rate of __________.
Q23.
The existing deduction under 80CCC of Rs. 15,000 in respect of certain pension funds should be withdrawn and realigned under the rebate granted under section 88 of the Act.
Q24.
Instruments competing with pension products for long-term savings, like the RBI relief bonds, offer an assured tax-free rate of return which is currently _________ percent.
Q25.
In proposals of total tax rebate under section 88 to ____________ per annum.
Q26.
According to the current tax treatment in India, Employees’ contribution up to __________ of the salary is exempt from tax.
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