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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
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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
When the Principal of a school retires, the vice - principal is given her place. Identify which of the following will be true in this context.
- The vice-principal is being transferred
- The vice-principal will be getting a higher salary
- The vice-principal is getting promoted
- The vice-principal will be getting the same salary but her designation will change
The National Pension Scheme seeks to provide old-age security to the citizens.
Amount of ______ is paid once in lump sum whereas ______ is paid every month.
In India, social security is provided under the ______.
Briefly explain the term Pension?
Why is 'Gratuity' given by an employer to an employee?
What do you mean by group life insurance?
Explain any two social security measures adopted in India.
| 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.
