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    Question

    In which year was the Payment of Gratuity Act

    enacted?
    A 1972 Correct Answer Incorrect Answer
    B 1980 Correct Answer Incorrect Answer
    C 1995 Correct Answer Incorrect Answer
    D 1964 Correct Answer Incorrect Answer

    Solution

    The Payment of Gratuity Act was enacted in 1972 to provide a financial benefit to employees who retire or leave service after completing at least five years with an employer. This act ensures a lump sum payment as a gratitude for their service, aiding their financial stability postemployment.

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