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:
When was the Employees Provident Fund and Miscellaneous Provisions Act, 1952 passed?
- (a) 1948
- (b) 1952
- (c) 1961
- (d) 1976
- Answer: (b)
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)
What is the rate of contribution to the Employees' Provident Fund (EPF) for employees?
- (a) 10%
- (b) 12%
- (c) 15%
- (d) 20%
- Answer: (b)
What is the rate of contribution to the Employees' Provident Fund (EPF) for employers?
- (a) 10%
- (b) 12%
- (c) 15%
- (d) 20%
- Answer: (b)
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)
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)
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)
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)
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- (a) 10% of the amount withdrawn
- (b) 15% of the amount withdrawn
- (c) 20% of the amount withdrawn
- (d) 25% of the amount withdrawn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)
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.
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