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Question
Amount of ______ is paid once in lump sum whereas ______ is paid every month.
Options
Provident fund, pension
Pension, provident fund
Gratuity, provident fund
Provident fund, gratuity
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Solution
Amount of Provident fund is paid once in lump sum whereas pension is paid every month.
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RELATED QUESTIONS
A voluntary payment made by an employer to an employee who retires after long and dedicated services is ______.
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
Write a short note on Social Security.
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What is a Provident Fund Scheme?
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Mention any two ways by which employees get social security.
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Explain the benefits provided by employers to employees under the Employees State Insurance Act.
Distinguish between Provident Fund and Pension.
