11. To measure the performance of a fund, we commonly compare it with a comparable market benchmark. The most suitable benchmark for evaluating an Australian equity management fund is the ________ index.

Select one

A. SBC 90-day bank bill

B. Commonwealth bond

C. ASX 200

D. Morgan Stanley World

12. Which of the following statements is incorrect?

Select one

A. In defined contribution (or accumulation) funds, the member's contribution is defined and the final benefit depends on the fund's investment performance.

B. In defined contribution (or accumulation) funds, the investment risk is borne by the members.

C. In defined benefit funds, the final payment is defined in advance.

D. None of these.