Question
When was the Employees' Provident Funds and
Miscellaneous Provisions Act enacted? Read the following passage and answer the Questions (Q no. 5 to 8) based on the passage. The provident fund is an essential financial tool for the middle class, offering a safety net for the future while encouraging disciplined savings. For many middle-income individuals, a provident fund represents a primary means of building financial security and ensuring stability during retirement years. Its significance lies not only in providing post-retirement benefits but also in shaping long-term financial habits. One of the key advantages of a provident fund is that it promotes consistent savings over time. For the middle class, where immediate financial needs often compete with the desire to save, the provident fund helps strike a balance by mandating regular contributions from both employees and employers. This compulsory savings mechanism ensures that, regardless of short-term financial pressures, a portion of income is consistently set aside for the future. Additionally, the provident fund offers a sense of security and stability for individuals as they approach retirement. With rising costs of living, particularly in healthcare and housing, the middle class is increasingly concerned about maintaining a comfortable lifestyle in their later years. The provident fund provides a structured way to accumulate savings that can be accessed during retirement, ensuring that individuals have a financial cushion to rely on when they no longer have a regular income.Solution
The Employees' Provident Funds and Miscellaneous Provisions Act was enacted in 1952 to provide a system of compulsory savings for employees to ensure financial security post-retirement.
In each of the questions, a sentence has been divided into four parts, one of which may contain an error. Identify that fragment and mark it as your an...
The government’s resolve to act against dodgy companies, of a saking for bringing business practices under the purview of the law, is indeed warrante...
Directions: In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appro...
Nearly three years after the government began experimenting with Aadhar based payments in the country it has still not been able to start disbursing pay...
Read the sentence to find out whether there is any part with grammatical error in it.Â
Although to our knowledge (1)/there exists no empiri...
An attempt to ferment communal tensions(A) cannot be ruled out (B)and Khattar must be tough (C)on Hindutva groups looking to stir up communal trouble (D...
In the following question, one part of the sentence may have an error. Find out which part of the sentence has an error and select the appropriate opti...
Indore was one of the prominent musical centres in the 18th century with huge patronage by the Holkar Court before being replaced from the A...
Brimstone is easily burned without any extraneous help; (A)/indeed the only precaution required is (B)/to take care lest the heat produced by (C)/the bu...
The vessels were armed with anti-ship cruise missiles capable of destroying U.S. warships and escort by nuclear submarines.
