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?
What is the name of the Election Commission of India app used to report violations of the Model Code of Conduct?
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