Question

57. "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 and d
(B) a and c
(C) b, c and d
(D) a, c and d
58 Who is an eyemntod​

Answer 1

Answer:

options B....

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Answer 2

(A) a, b and d are the true statements about The Employees' Provident Funds and (Miscellaneous Provisions)  Act.

• The main aim of The Employees' Provident Funds and (Miscellaneous Provisions) Act was to provide social security to the workers employed in factories.
• The act provides retirement benefits to these workers in form of Invalidation Pension and Provident Fund.
• The current wage limit to be eligible to be covered under this act is Rs. 15,000.

• Every factory engaged in any industry and with 20 or more than 20 employees comes under this act.
• This Act does not apply to any establishment registered under the Co-operative Societies Act, 1912.