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Current Affairs January 2024

What is the correct answer?

4

A member of Provident Fund Scheme can take advance for purchase of a house to the extent of

A. 36 months' basic pay + DA

B. Member's share of EPF contribution + employer's contribution + interest

C. Cost of purchase

D. Least of the above

Correct Answer :

D. Least of the above


Related Questions

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4

______________ is used for submission of Professional Tax Return.

A. Form I

B. Form II

C. Form III

D. Form III A

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4

Identity Cards received for each employee by the employer from Employees' State Insurance office shall be handed over to the employees

A. Immediately on receipt of such cards

B. On completion of 3 months of service by the employee

C. On completion of 3 months from the date of receipt of Identity Card

D. At any time the employer wishes

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4

For the purpose of Employees Provident Fund and Miscellaneous Provisions Act, 1952 "employee" does not include casual employee.

A. True

B. False

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4

Insurance Number is allotted only to those employees in respect of whom Declaration Form has been submitted.

A. True

B. False

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4

In order to take advance for marriage, against Provident Fund, the employee has to submit the marriage certificate.

A. True

B. False

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4

"Appropriate Government" , under Employees' State Insurance Act, in relation to an establishment under the control of the Central Government means ______________ .

A. Local Authority

B. State Government

C. Central Government

D. ESI Commissioner

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4

The Employees' State Insurance Corporation is established by the State Government.

A. True

B. False

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4

Advance against PF balance can be taken for non-receipt of wages for a continuous period of

A. 2 months

B. 3 months

C. 6 months

D. 12 months

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4

An employee's monthly pay is Rs.6,500. The amount of salary actually paid to him for the month of May'04 is Rs.5,700. The amount of Professional Tax payable by him is

A. Rs.40 (More than Rs.5,000 but less than Rs.6,001)

B. Rs.45 (More than Rs.6,000 but less than Rs.7,001)

C. Average of (a) and (b)

D. None of the above

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4

The State armed forces are exempted from the payment of Professional Tax.

A. True

B. False

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4

In case an employee falls under the Employees' State Insurance Act, 1948 registration has to be done compulsorily.

A. True

B. False

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4

Professional Tax Clearance Certificate is valid for a maximum period of 12 months.

A. True

B. False

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4

_____________ is used for submission of Professional Tax Return.

A. Form II

B. Form III

C. Form IV

D. None of the above

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4

The family of Mrs.Anamika Roy, covered by Employees Provident Fund and Miscellaneous Provisions Act, 1952 means

A. Her husband and children, if any

B. Her parents and parents-in-law, if any

C. Her deceased son's wife and children, if any

D. All of the above

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4

Superannuation, in case of Provident Fund and Miscellaneous Provisions Act, 1952, in relation to an employee means the attainment of

A. 55 years of age

B. 58 years of age

C. 60 years of age

D. 65 years of age

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4

"Appropriate Government" , under Employees' State Insurance Act, in relation to an establishment under the control of the Central Government means

A. The Central Government

B. The State Government

C. Either of the above

D. Both (a) and (b)

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4

Professional Tax is levied for the benefit of the professional persons only.

A. True

B. False

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4

In case of ESI the Register of Employees in Form 7 is to be preserved for a period of 5 years from the date of

A. Introduction of the Register

B. Last entry in the Register

C. or (b) whichever is earlier

D. or (b) whichever is later

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4

Superannuation, in case of Provident Fund and Miscellaneous Provisions Act, 1952, in relation to an employee means the attainment of _____________ .

A. 55 Years

B. 58 Years

C. 60 Years

D. 65 Years

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4

In case of non-payment of amount due under PF, the employer can be arrested.

A. True

B. False

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4

In relation to Provident Fund Scheme an employer who fails to pay inspection charges or administrative charges may be imprisoned for a term, which may extend to __________ years.

A. 1

B. 3

C. 5

D. 10

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4

In case of a company registered under any state Act on Professions, Trades, Callings and Employments, any change in the constitution of the Board of Directors is to be informed.

A. True

B. False

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4

The maximum amount of Professional Tax payable in a year is

A. Rs.2,005

B. Rs.2,050

C. Rs.2,500

D. Rs.2,550

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4

The Employees Provident Fund and Miscellaneous Provisions Act, 1952 is applicable in case of any factory / establishment employing

A. 20 employees

B. 20 or more employees

C. More than 20 employees

D. None of the above

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4

The Provident Fund is administered by

A. Provident Fund Corporation

B. Employees' PF Corporation

C. Central Board

D. None of the above

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4

The employer can reduce the salary payable to an employee in order to reduce contribution payable under Employees Provident Fund and Miscellaneous Provisions Act, 1952 by filling up Form II

A. True

B. False

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4

The value of perquisites is to be included in salary for determining the amount of Professional Tax payable.

A. True

B. False

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4

An establishment is incorporated on 01.10.2000. The number of employees working in it reached 20 on 15.05.2001. The establishment will be covered under the Provident Fund and Miscellaneous Provisions Act, 1952 from

A. 01.04.2003

B. 15.05.2001

C. 01.10.2003

D. 15.05.2004

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4

For the purpose of Employees Provident Fund and Miscellaneous Provisions Act, 1952 the term "employee" does not include

A. Substitute employee

B. Casual Employee

C. Apprentice

D. All of the above

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4

A member of Provident Fund Scheme can take advance for purchase of a house to the extent of

A. 36 months' basic pay + DA

B. Member's share of EPF contribution + employer's contribution + interest

C. Cost of purchase

D. Least of the above