Quiz On Pension

11 Questions | Total Attempts: 461

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Quiz On Pension


Questions and Answers
  • 1. 
    When company has not reported Actual return on plan asset we are going to pick the same from.
    • A. 

      Projected Benefit Obligation movement table

    • B. 

      Fair value Plan asset movement table

    • C. 

      Asset allocation table

    • D. 

      None of the above

  • 2. 
    When company has not reported Actual return on plan asset we are going to pick the same from.
    • A. 

      Projected Benefit Obligation movement table

    • B. 

      Fair value Plan asset movement table

    • C. 

      Asset allocation table

    • D. 

      None of the above

  • 3. 
    When company has not reported Actual return on plan asset it will be calculated using 
    • A. 

      Expected return on plan asset ± Interest cost from net periodic table

    • B. 

      Expected return on plan asset ± Service cost from net periodic table

    • C. 

      Expected return on plan asset ± Actuarial gain/loss from fair value plan asset movement table

    • D. 

      None of the above

  • 4. 
    Which is the FCC for Domestic 401K plan expense.
    • A. 

      V4KD-Domestic

    • B. 

      VDCD- Domestic

    • C. 

      P401

  • 5. 
    SERP (Supplemental Executive Retirement plan) should be considered as Pension benefit plan and not as post retirement (Healthcare). 
    • A. 

      True

    • B. 

      False

  • 6. 
    Pension/retirement plans combined with non-pension benefits, where the company indicates that non-pension benefits form a majority of the reported benefits. In this case we update this as pension.
    • A. 

      True

    • B. 

      False

  • 7. 
    Gratuity plans paying benefits upon retirement should be considered as Defined benefit Plans.
    • A. 

      True

    • B. 

      False

  • 8. 
    When company reports Asset allocation with Level 1, Level 2 , Level 3 and with Total colum which one should be picked up.
    • A. 

      Level 1

    • B. 

      Total Colum

    • C. 

      Level 2

    • D. 

      Level 3

    • E. 

      Ignore Asset allocation

  • 9. 
    Severance benefits and Jubilee and length-of-service awards should be considered as Pension.
    • A. 

      True

    • B. 

      False

  • 10. 
    When company does not disclose pension costs, we need to pick interest cost, Service cost and Expected return on plan asset from 
    • A. 

      Fair value plan asset movement table

    • B. 

      Asset Allocation

    • C. 

      Both Fair value plan asset movement table and Projected Obligation Movement table

    • D. 

      Projected Obligation Movement table

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