Skip to content

CMA Intermediate · Business Laws and Ethics · Employees Provident Fund and Miscellaneous Provisions Act, 1952

Which of the following is a matter that the Employees' Deposit-linked Insurance Scheme may provide for under Schedule IV of the EPF Act, 1952?

Schedule IV lets the Deposit-linked Insurance Scheme provide for the scales of insurance benefits and the conditions for granting them to employees. Provident Fund interest, penalties for default and retirement age are not matters listed in that Schedule.

  1. AThe rate of interest to be credited to employees' Provident Fund accounts
  2. BThe scales of insurance benefits and the conditions for granting them to employeesCorrect
  3. CThe rate of penalty for non-payment of Provident Fund dues by employers
  4. DThe retirement age of employees in covered establishments

Explanation

Schedule IV, item 6 lists the scales of insurance benefits and conditions relating to their grant as a matter the scheme may provide for. Interest rates on Provident Fund accounts, penalties and retirement age are not listed in Schedule IV.

Did you get it right without looking?

One question tells you little. A timed set on Employees Provident Fund and Miscellaneous Provisions Act, 1952 shows your real accuracy, how long you take and where you lose marks.

Practise Employees Provident Fund and Miscellaneous Provisions Act, 1952Free diagnostic mock

More Employees Provident Fund and Miscellaneous Provisions Act, 1952 questions