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A part of which amount can be withdrawn during the service for specific purposes?

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Question

A part of which amount can be withdrawn during the service for specific purposes?

Options

  • Provident Fund

  • Gratuity

  • Pension

  • Group Insurance

MCQ
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Solution

Provident Fund

Explanation:

The Provident Fund (PF) allows subscribers to make partial withdrawals during their service tenure for specific financial needs such as housing, medical emergencies, or education.

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Chapter 12: Industrial Relations, Trade Union and Social Security - EXERCISES [Page 221]

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Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 12 Industrial Relations, Trade Union and Social Security
EXERCISES | Q 16. | Page 221
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