Question
Which of the following statements is/are correct
regarding the “Employees’ pension scheme”? I. The EPS, administered by the EPFO, came into being in 1995. II. The pension fund was to comprise a deposit of 8.33% of the employers’ contribution towards the PF corpus. III. It makes provisions for pensions for employees in the organized sector after retirement at the age of 65 years.Solution
Explanation: It makes provisions for pensions for employees in the organized sector after retirement at the age of 58 years.
More ESIC Part B Questions
On which date is Pravasi Bharatiya Divas observed annually?
What does 'VAT' stand for in taxation?
Who among the following is a Carnatic music vocalist?
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Tattvabodhini Patrika promoted the study of India’s past in which language?
In which city is NABARD headquartered?
- Which statement regarding the repo rate is INCORRECT?
- Where is the Indian Institute of Pulses Research (IIPR) located?
Match the following committees with their domain of work:
- Work done in physics can be:
I. Zero
II. Positive
III. Negative
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