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Question
A voluntary payment made by an employer to an employee who retires after long and dedicated services is ______.
Options
Pension
Group insurance
Gratuity
Provident fund
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Solution
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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