10 MCQs to Test Your Knowledge of the EPF Act

Here are 10 MCQs with answers on the Employees Provident Fund and Miscellaneous Provisions Act, 1952:

1. When was the Employees Provident Fund and Miscellaneous Provisions Act, 1952 passed?

   • (a) 1948
   • (b) 1952
   • (c) 1961
   • (d) 1976
   • Answer: (b)

2. Which of the following is not covered under the Employees Provident Fund and Miscellaneous Provisions Act, 1952?

   • (a) Establishments employing 20 or more persons
   • (b) Establishments employing fewer than 20 persons that voluntarily choose to be covered by the Act
   • (c) Cooperative societies employing less than 50 persons working with the aid of power
   • (d) All of the above
   • Answer: (c)

3. What is the rate of contribution to the Employees' Provident Fund (EPF) for employees?

   • (a) 10%
   • (b) 12%
   • (c) 15%
   • (d) 20%
   • Answer: (b)

4. What is the rate of contribution to the Employees' Provident Fund (EPF) for employers?

   • (a) 10%
   • (b) 12%
   • (c) 15%
   • (d) 20%
   • Answer: (b)

5. What is the maximum amount that can be contributed to the Employees' Provident Fund (EPF) by an employee?

   • (a) Rs. 12,000 per year
   • (b) Rs. 15,000 per year
   • (c) Rs. 20,000 per year
   • (d) Rs. 25,000 per year
   • Answer: (c)

6. What is the minimum age for joining the Employees' Provident Fund (EPF)?

   • (a) 16 years
   • (b) 18 years
   • (c) 21 years
   • (d) 25 years
   • Answer: (b)

7. What is the maximum age for joining the Employees' Provident Fund (EPF)?

   • (a) 50 years
   • (b) 55 years
   • (c) 60 years
   • (d) 65 years
   • Answer: (c)

8. What is the period of notice required for withdrawing money from the Employees' Provident Fund (EPF)?

   • (a) 30 days
   • (b) 60 days
   • (c) 90 days
   • (d) 120 days
   • Answer: (a)

9. What is the penalty for withdrawing money from the Employees' Provident Fund (EPF) before completing 5 years of service?

   • (a) 10% of the amount withdrawn
   • (b) 15% of the amount withdrawn
   • (c) 20% of the amount withdrawn
   • (d) 25% of the amount withdrawn
   • Answer: (b)

10. What is the benefit available to the family of an employee who dies while in service?

    • (a) Death benefit
    • (b) Retirement benefit
    • (c) Pension
    • (d) All of the above
    • Answer: (a)

I hope these MCQs are helpful. Let me know if you have any other questions.