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
51. Which of the following statements about The Employees’ Provident Funds and (Miscellaneous Provisions) Act are true?
a. The Act is not applicable to cooperative societies employing less than 50 persons working with the aid of power.
b. It makes provision for pension scheme, including family pension.
c. There is no wage limit to be covered under the Act.
d. The Act has a provision relating to Employees’ Deposit-linked Insurance Scheme.
A. a, b & d
B. a & c
C. a, c & d
D. b, c & d
Answer: A
52. What is the present wage limit to be eligible to be covered under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952?
A. Rs. 12,500
B. Rs. 15,000
C. Rs. 6,500
D. Rs. 6,000
Answer: B
53. What are the emoluments earned by the employees which are not not come under the definition of ‘Basic Wages’ in Employees’ Provident Funds and Miscellaneous Provisions Act, 1952
(i) All emoluments which are earned by an employee while on duty or on leave or on holidays with wages in either case in accordance with the terms of the contract of employment and which are paid or payable in cash to him
(ii)The cash value of any food concession.
(iii) Any dearness allowance, house-rent allowance, overtime allowance, bonus, commission or other similar allowance payable to the employee in respect of his employment or of work done in such employment;
(iv) Any presents made by the employer;
A. i & iii
B. ii, iii & iv
C. i, ii & iii
D. ii & iv
Answer: B
54. The Act is applicable to every establishment which is a factory engaged in any industry specified in Schedule I and in which ——– twenty persons are employed
A. 15 or more
B. 20 or more
C. 10 or more
D. 20
Answer: B
55. The chairman and members of Central Board constituted under Employees Provident Fund are appointed by
A. Supreme Court
B. State Government
C. Central Government
D. None of the above
Answer: C
56. Under this act, how many members are appointed by the Central Government in Central Board representing employees in the establishments to which the Scheme applies
A. 15
B. 10
C. 12
D. 20
Answer: B
57. The accounts of the Central Board is audited annually by
A. Central Provident Fund Commissioner
B. Any auditor appointed by Central Government
C. Comptroller and Auditor-General of India
D. Any auditor appointed by the Chairman of Central Board
Answer: C
58. The contribution which shall be paid by the employer to the Fund shall be
A. 5%
B. 7%
C. 12%
D. 10%
Answer: C
59. An employer who contravenes or makes default in complying with the provisions of section 6 of this act, shall be punishable with imprisonment for a term which may extend to _____ years
A. 1
B. 2
C. 3
D. 5
Answer: C
56. This Act shall not apply to any establishment registered under the Co-operative Societies Act, 1912 (2 of 1912), employing less than ——- persons and working without the aid of power
A. 100
B. 70
C. 50
D. 20
Answer: C
