TEAM ARMP

TEAM ARMP

1st - 6th Grade

8 Qs

quiz-placeholder

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TEAM ARMP

TEAM ARMP

Assessment

Quiz

Professional Development

1st - 6th Grade

Hard

Created by

Raphael Abayomi

Used 1+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

who introduced the contributory pension scheme?

Olusegun Obasanjo

President Buhari

Sani Abacha

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A monthly maximum administration fees of ______ is charged for MPS remittance of four thousand naira and above

Hundred Naira

Twenty Naira

eighty naira

Fifty Naira

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

MPS Contingency withdrawal is _________

40%

60%

50%

100%

4.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

The following are steps to reset ARM engage mobile application password except:

Client Inputs : RSA pin / email / mobile, then select forgot password

Client Inputs : RSA pin / registered email or mobile then select forgot password

Client receives and inputs default password and create new password

client ensures new password is alpha-numeric, one special character and One capital letter

5.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

The 60% contingent withdrawal for MPS can be accessed _______

Three months after initial deposit

Each withdrawal can be accessed once in a week

Anytime

Once in two years

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Contributions made after retirement for MPS will be treated as _____

AVC

Retirement benefit

Enbloc

MPS

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Upon Retirement, MPS client can access retirement benefit options such as _____

PW/ Annuity

Enbloc

Pension enhancement

Multifund structure

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____is a method of receiving pension by a retiree through a contract purchased from a life insurance company. It provides a guaranteed periodic income (pension) to a retiree throughout his/her life after retirement

Programmed withdrawal

Anuity

Annuity

Lumpsum