Question
What percentage of an employee's basic salary is
contributed to the EPF by the employee? 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
An employee contributes 12% of their basic salary to the Employees' Provident Fund (EPF).
In a certain code language, ‘CROWD’ is coded as 23415924 and ‘TRHICK’ is coded as 162491997. How will ‘FRUGAL’ be co...
In a certain code language, ‘CIRCLE’ is written as ‘DLWAHY’. How will ‘SQUARE’ be written in that language?
In a certain code language, ' INNER ’ is written as ' SNNWJ ' and ' GLASS ' is written as ' UPAII '. How will ' MODEL ' be written in that language?
In a certain code language, 'PHENYL' is coded as ‘9-11-17-8-5-13’ and 'COLONY' is coded as ‘6-12-13-12-8-5’. How will 'COLONEL' be coded in that...
In a certain code language, 'REASON' is coded as '5410129' and 'HEALTHY' is coded as '716231216'.How will 'DIVULGE' be coded in that language?
In a certain code language, ‘GUAVA’ is written as ’21-5-1-6-1’ then how will ‘APRICOT’ ’ be written in the same code language?
...In a certain code language, 'CHILDREN' is written as ‘FKLOGUHQ’ and ‘SCHOOL’ is written as ‘VFKRRO’, how will 'CLASSROOM' be written in tha...
If PLANT is coded as SODQW, then MOUNTAIN will be coded as:
In a certain code language, LARVAE is coded as 15-1-9-5-1-2. How will INSECT be coded as in that language?
Unicode provides:
