Employees Provident Fund 1952 MCQ

The Employees’ Provident Fund Organisation is the government body that is responsible for running the largest mandatory state pension scheme in India. The EPFO assists the Central Board in administering a compulsory provident fund, pension and insurance plans for the Indian workforce

Employees Provident Fund 1952 MCQ

41. Under the PF Act, 1952 “Insurance Fund” means ……………
A. Unit Linked Insurance Plan
B. Deposit Linked Insurance Fund
C. Employees’ Group Accident Insurance
D. Medical Insurance Fund
Answer: B
42. The scheme defined under section 2(i-b) of the PF Act, 1952 is ……………..
A. Pension Scheme
B. Provident Fund Scheme
C. Family Pension Scheme
D. Insurance Scheme
Answer: D
43. The section 2(i-a) of PF Act, 1952 defines………..
A. Member
B. Insurance
C. Insurance Fund
D. None of these
Answer: C
44. The Insurance Scheme is framed under sub-section (1) of the Section ……… of the PF Act, 1952.
A. 8-A
B. 7-B
C. 6-C
D. 5-D
Answer: C
45. The term “Member” is defined in the section ………… of the PF Act, 1952.
A. 2(j)
B. 2(u)
C. 2(m)
D. 2(p)
Answer: A
46. Section 2(k-A) of the PF Act, 1952 defines …………..
A. Occupier of the factory
B. Pension Fund
C. Establishment
D. Pension Scheme
Answer: B
47. The Employees’ Pension Fund is established under sub-section (2) of the section ………
A. 8-A
B. 7-A
C. 6-A
D. 5-A
Answer: C
48. Section 2(kb) of the PF Act, 1952 defines ……….
A. Recovery Amount
B. Recovery Office
C. Recover Officer
D. Repayment Amount
Answer: C
49. Section 2(ll) of the PF Act, 1952 defines …………
A. Superannuation
B. Annual Salary
C. Scheme Policies
D. Recovery
Answer: A
50. The Employees’ Provident Funds Appellate Tribunal which is constituted under sec 7-D is defined under which section?
A. 2(j)
B. 2(k)
C. 2(l)
D. 2(m)
Answer: D