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प्रश्न
A voluntary payment made by an employer to an employee who retires after long and dedicated services is ______.
विकल्प
Pension
Group insurance
Gratuity
Provident fund
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उत्तर
A voluntary payment made by an employer to an employee who retires after long and dedicated services is Gratuity.
Explanation:
A gratuity is a payment provided by an employer to an employee upon retirement to show appreciation for their long and loyal service to the company.
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संबंधित प्रश्न
Write a short note on Social Security.
Amount of ______ is paid once in lump sum whereas ______ is paid every month.
In India, social security is provided under the ______.
NPS stands for ______.
Why is 'Gratuity' given by an employer to an employee?
What do you mean by group life insurance?
Distinguish between gratuity and provident fund.
Mention any two advantages of group life insurance to employees.
Explain the benefits provided by employers to employees under the Employees State Insurance Act.
| Mr. Khanna, a manager in a public limited company, is turning sixty years of age and is about to retire from the organisation after a long and dedicated service. |
In this context answer the following:
- Name any two Acts pertaining to Mr. Khanna's retirement.
- Discuss the reasons why these two Acts need to be effected in organisations.
