Read the following passage and answer the question.

Three friends, Rajeev, Ramanti and Anshu, after completing their MBA from a reputed business school at Goa, were discussing about the type of organisation they would like to join. Rajeev was very clear that he would like to take up a government job as it gives stability about the future income and work which will help him to work with greater zeal. It will also provide him pension when he will retire from his service. Ramanti wanted to work in a company, which has appropriate skill development plans for its employees and helps the employees to grow to higher levels in the organisation. In addition to this, the company should also provide facilities like housing, medical aid, etc. Anshu said that she would prefer to work in an organisation, which has the culture of individual autonomy, is considerate to employees and provides the employees with opportunity for personal growth and a meaningful work experience.

Which of the following financial incentive is discussed in the passage?

Both options 1 and 2

The correct answer is option 4- Both options 1 and 2.

Retirement benefits and Perquisites are financial incentives that is discussed here.

* Rajeev was very clear that he would like to take up a government job as it gives stability about the future income and work which will help him to work with greater zeal. It will also provide him pension when he will retire from his service.- Here pension, future income shows the retirement benefits.
Retirement Benefits: Several retirement benefits such as provident fund, pension, and gratuity provide financial security to employees after their retirement. This acts as an incentive when they are in service in the organisation

* In addition to this, the company should also provide facilities like housing, medical aid, etc- Here perquisites are discussed.
Perquisites: In many companies perquisites and fringe benefits are offered such as car allowance, housing, medical aid, and education to the children, etc., over and above the salary. These measures help to provide motivation to the employees/ managers.