Which plan has employees contribute part of their earnings to a fund, usually matched by the employer?
Correct answer B. Savings and thrift plan
Topic / 24 questions
Benefits and Services MCQs
Benefits and Services MCQs cover the indirect financial and non-financial rewards employers provide, such as pensions, insurance, paid leave and supplemental pay for time not worked. They help HRM and MBA students, management lecturer candidates and UGC NET aspirants. Each question has an instant answer, so you can revise compensation terms efficiently.
- Coaching, Careers and Talent Management 193
- Training and Developing Employees 77
- Managers Role in Strategic HRM 65
- Performance Management and Appraisal 63
- Pay for Performance and Financial Incentives 50
- Labor Relations and Collective Bargaining 35
- Introduction to Human Resource Management 33
- Benefits and Services 24
- Job Analysis 21
- Ethics Justice and Fair Treatment 17
- Managing Global Human Resources 13
- Human Resource Planning and Recruiting 11
- Interviewing candidates 10
- Employee Testing and Selection 9
Which plan transfers a set share of company profits to employee accounts, payable at retirement or death?
Correct answer D. Deferred profit sharing plan
Which pension plan has the employer credit an employee’s account with a percentage of annual pay plus interest?
Correct answer B. Cash balance plan
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What are plans called that let employees choose benefits to suit their own preferences?
Correct answer D. Both A and C
In which type of pension plan is the employer’s contribution to the employee’s retirement savings fund specified?
Correct answer A. Defined contribution pension plan
Sabbatical leave, funeral leave, jury duty and holidays are examples of which benefit?
Correct answer C. Supplemental pay benefits
What are the indirect financial and non-financial payments that employees receive for continuing to work for a company called?
Correct answer A. Benefits
What is the benefit paid to employees who are terminated or laid off called?
Correct answer A. Severance pay
What is the schedule called in which employees work fewer days a week but longer hours each day?
Correct answer A. Compressed work week
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What are benefits paid for time not worked also known as?
Correct answer D. Supplemental pay benefits
Pay for time not worked, sick leave, supplemental benefits and severance pay are all types of which benefit?
Correct answer D. Supplemental pay benefits
What is the term for equipping employees with technology tools so they can get their jobs done wherever they are?
Correct answer C. Workplace flexibility
What is a medical organisation of surgeons and specialists that provides routine care to employees for a nominal fee called?
Correct answer B. Health maintenance organization
What is the term for policies that let employees take their accumulated pension savings with them easily when they leave an organisation?
Correct answer D. Portability
What is the arrangement called in which two or more people share a single full-time job?
Correct answer A. Job sharing
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Which benefit is paid to a person who is unable to work through no fault of their own?
Correct answer A. Unemployment insurance
Into which categories are employee benefits classified?
Correct answer D. All of the above
Which tax-deductible plan has employers contribute to a trust that holds shares for employees’ later use?
Correct answer B. Employee stock ownership plan
What are the benefits that employers in certain industries provide during unexpected shutdowns or layoffs called?
Correct answer C. Supplemental unemployment benefits
Workers’ compensation, disability insurance, and health and hospitalisation costs are all types of which benefit?
Correct answer C. Insurance benefits
About Benefits and Services MCQs
This HRM topic explains the part of total reward that sits outside basic pay. Questions classify sabbaticals, funeral leave, jury duty and vacations as supplemental pay benefits for time not worked, and identify workers' compensation, disability insurance and hospital costs as insurance benefits. Pension plans are a major theme, especially the difference between defined benefit plans that use a formula and defined contribution plans based on contributions to a fund. You will also see unemployment insurance and the meaning of contributory pension schemes.
Exams that include Benefits and Services MCQs
Pakistan
- PPSC
- FPSC
- Lecturer tests
India
- UGC NET
- Campus placements
Bangladesh
- Bank job exams
- BCS
Frequently asked questions
What is the difference between a defined benefit and a defined contribution pension plan?
A defined benefit plan promises a retirement payment calculated by a formula, often based on salary and years of service. A defined contribution plan specifies how much is paid into the employee's fund, and the final pension depends on those contributions and investment returns.
What are supplemental pay benefits?
Supplemental pay benefits are payments for time not worked, such as paid vacations, sick leave, holidays, sabbaticals, funeral leave and jury duty. They are one of the largest benefit costs for employers and are often grouped separately from insurance and retirement benefits.
How many Benefits and Services MCQs are on MCQs360?
There are 24 Benefits and Services MCQs on MCQs360, each with an instant answer and free with no sign-up. Group benefits into supplemental pay, insurance, retirement and services before practising, as most questions ask you to classify an example.
Last reviewed October 2026