Quiz On Pension
- 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
Recent Quizzes
Featured Quizzes
Popular Topics
Back to top