Question

On retirement, the cash equivalent of earned leave is calculated on the basis of:

1.
Pay plus dearness allowance
2.
Dearness allowance only
3.
Average pay of the last 10 months
4.
Pay only
Answer (Detailed Solution Below)

Option 1 : Pay plus dearness allowance

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Detailed Solution

सही उत्तर Pay plus dearness allowance है।

Key Points

On retirement, the cash equivalent of earned leave is calculated on the basis of pay plus dearness allowance.

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More Domain-Specific Questions

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Question:

On retirement, the cash equivalent of earned leave is calculated on the basis of:

1.
Pay plus dearness allowance
2.
Dearness allowance only
3.
Average pay of the last 10 months
4.
Pay only

Correct Answer: Pay plus dearness allowance

On retirement, the cash equivalent of earned leave is calculated on the basis of pay plus dearness allowance.

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