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Question

Which of the following information is incorrect with respect to the payroll data provided by the Employees' Provident Fund Organisation-

I.New monthly subscribers to the employees' provident fund (EPF) declined by 1.2 per cent to 1.02 million in July, compared to 1.03 million in June.

II.The share of young subscribers between the ages of 18 and 28 decreased by 45.5 percent.

III.The proportion of women gaining employment declined to 26.8 per cent (274,967) in July.

A Only I Correct Answer Incorrect Answer
B Only III Correct Answer Incorrect Answer
C Only II Correct Answer Incorrect Answer
D Only II & III Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

  According to the latest payroll data from the Employees' Provident Fund Organisation (EPFO) new monthly subscribers to the employees' provident fund (EPF) declined by 1.2 per cent to 1.02 million in July, compared to 1.03 million in June  The data revealed that of the 1,027,145 new subscribers in July, the share of young subscribers between the ages of 18 and 28 increased to 68.3 per cent (701,543) from 67.5 per cent (701,315) in June  Conversely, the proportion of women gaining employment declined to 26.8 per cent (274,967) in July from 27.6 per cent (286,984) in June.   Additionally, net payroll additions — calculated based on new subscribers, exits, and returning old subscribers — increased by 18.8 per cent to 1.87 million in July from 1.57 million in June.

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