Advertisements
Advertisements
प्रश्न
What is a Provident Fund Scheme?
Briefly explain Provident Fund.
उत्तर
- Under the Employees' Provident Funds and Miscellaneous Provisions Act, the Central Government has established the provident fund scheme for employees.
- Every employee is entitled to become a member of the scheme after completing three months of continuous service.
- The employee and the employer contribute every month ten percent of the basic wages. The total contributions are invested in specified investments.
- The accumulated amount of standing credit to an employee is payable upon retirement, death, or at the time of leaving service.
- An employee can get advances and permanent withdrawals for construction of house, marriage of dependents and other specified purposes, like serious illness.
संबंधित प्रश्न
When the Principal of a school retires, the vice - principal is given her place. Identify which of the following will be true in this context.
- The vice-principal is being transferred
- The vice-principal will be getting a higher salary
- The vice-principal is getting promoted
- The vice-principal will be getting the same salary but her designation will change
The National Pension Scheme seeks to provide old-age security to the citizens.
Amount of ______ is paid once in lump sum whereas ______ is paid every month.
NPS stands for ______.
Social security implies measures to protect workers against distress caused by ______.
What do you mean by group life insurance?
Mention any two ways by which employees get social security.
Explain the benefits provided by employers to employees under the Maternity Benefit Act.
State any three features of Group Insurance.
Distinguish between social insurance and social assistance
