New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    According to the Social Security Code, 2020, the

    employer's contribution to the deposit-linked insurance fund set up under the insurance scheme should not be more than this.
    A 1% Correct Answer Incorrect Answer
    B 3% Correct Answer Incorrect Answer
    C 2% Correct Answer Incorrect Answer
    D 4% Correct Answer Incorrect Answer

    Solution

    Explanation: For the Insurance Scheme, the Central Government can establish a Deposit-Linked Insurance Fund according to the rules specified in that scheme. This fund receives payments from the employer on behalf of each employee. The employer is required to make these payments periodically, and the amount paid should not exceed 1% of the wages or any other percentage of wages as notified by the Central Government.

    Practice Next

    Relevant for Exams: