Advertisements
Advertisements
प्रश्न
A voluntary payment made by an employer to an employee who retires after long and dedicated services is ______.
पर्याय
Pension
Group insurance
Gratuity
Provident fund
Advertisements
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.
APPEARS IN
संबंधित प्रश्न
The National Pension Scheme seeks to provide old-age security to the citizens.
Write a short note on Social Security.
In India, social security is provided under the ______.
NPS stands for ______.
Social security implies measures to protect workers against distress caused by ______.
Why is 'Gratuity' given by an employer to an employee?
Mention any two ways by which employees get social security.
| 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.
Distinguish between Provident Fund and Pension.
Distinguish between social insurance and social assistance.
