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4.Which of the following government plans does not provide income protection due to ill health?
| | Workers Compensation |
| | Employment Insurance |
| | Social Insurance |
| | Canada Pension Plan |
5. Which of the following is not a characteristic of social insurance?
| | Benefits relate to income |
| | Benefits are not means-tested |
| | Participation is voluntary |
| | Plans are funded |
6.Which of the following would not be covered by Workers Compensation?
| | Graham severely cuts his hand on a piece of metal at work |
| | Hannah severely cuts her hand when she slips on her shoe lace at work |
| | Terry severely cuts his hand while slicing a tomato at the caf where he works |
| | Cary cuts his hand on broken glass while driving to work |
11.Employment insurance benefits are available for all of the following out-of-work situations except:
| | Being laid off |
| | Being pregnant |
| | Being sick |
| | Getting fired |
12. Which of the following losses are not insured by a typical Homeowners Insurance Policy?
| | Damage to your home caused by a neighbour |
| | Damage to your home caused by your pet |
| | Damage to your home caused by a friend who breaks and antique vase while admiring it |
| | Damage to your home caused by you while you are drunk |
13.In which of the following situations would you be taking a pure risk?
| | Buying gold futures when the price of gold is very low |
| | Purchasing shares of a small cap health care company |
| | Short selling stock |
| | All of the above |
| | None of the above |
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