Question

The Employees’ Provident Fund Scheme, 1952 was amended in 2014 to:

1.
Enhance the wage ceiling to Rs 15,000 and the minimum pension to Rs 1,000
2.
Abolish the pension scheme
3.
Increase the retirement age
4.
Reduce the contribution rate
Answer (Detailed Solution Below)

Option 1 : Enhance the wage ceiling to Rs 15,000 and the minimum pension to Rs 1,000

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Detailed Solution

सही उत्तर Enhance the wage ceiling to Rs 15,000 and the minimum pension to Rs 1,000 है।

Key Points

In 2014, the Employees’ Provident Fund Scheme was amended to enhance the wage ceiling to Rs 15,000 and the minimum pension under the Employees’ Pension Scheme to Rs 1,000.

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More Domain-Specific Questions

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Question:

The Employees’ Provident Fund Scheme, 1952 was amended in 2014 to:

1.
Enhance the wage ceiling to Rs 15,000 and the minimum pension to Rs 1,000
2.
Abolish the pension scheme
3.
Increase the retirement age
4.
Reduce the contribution rate

Correct Answer: Enhance the wage ceiling to Rs 15,000 and the minimum pension to Rs 1,000

In 2014, the Employees’ Provident Fund Scheme was amended to enhance the wage ceiling to Rs 15,000 and the minimum pension under the Employees’ Pension Scheme to Rs 1,000.

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