Advertisements
Advertisements
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
Advertisements
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.
APPEARS IN
RELATED QUESTIONS
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
In India, social security is provided under the ______.
NPS stands for ______.
Social security implies measures to protect workers against distress caused by ______.
Briefly explain the term Pension?
Why is 'Gratuity' given by an employer to an employee?
Distinguish between gratuity and provident fund.
Explain any two social security measures adopted in India.
Explain the benefits provided by employers to employees under the Employees State Insurance Act.
State any three features of Group Insurance.
