What is the main purpose of the Provident Fund (PF)? Option: "To provide financial security after retirement", "To cover medical expenses", "To finance a new business venture", "To fund higher education"

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What is the main purpose of the Provident Fund (PF)?

"To provide financial security after retirement"

"To cover medical expenses"

"To finance a new business venture"

"To fund higher education"

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What is the main purpose of the Employees' Provident Fund (EPF)?

To provide health insurance to employees

To encourage employees to save for retirement

To fund employee training programs

To provide short-term loans to employees

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What is the main purpose of the Public Provident Fund (PPF)?

To facilitate daily transactions

To fund entrepreneurial ventures

To encourage small savings and provide long-term investment returns

To provide short-term loans

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What is the primary investment focus of a Public Provident Fund (PPF)?

"Insurance and wealth generation"

"Post-retirement income"

"Regular income"

"Wealth creation"

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Under what circumstances can an individual partially withdraw funds from their PF account before retirement?

"Only for higher education and marriage"

"For education, marriage, medical emergencies, and home purchase"

"Only for medical emergencies"

"Only in case of unemployment"

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What is the purpose of the Employee Pension Scheme (EPS)?

"To offer financial assistance to employees facing job loss"

"To invest in employee training and development programs"

"To provide healthcare benefits to retired employees"

"To supplement the retirement savings provided by EPF"