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Who is responsible for contributing to the provident fund scheme? - Business Studies

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Question

Who is responsible for contributing to the provident fund scheme?

Options

  • Employee

  • Employee and Employer

  • Employer

  • Employer and Government

MCQ
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Solution

Employee and Employer

Explanation:

Both employee and employer are responsible for contributing to the provident fund scheme. Each pays a fixed percentage of the employee’s salary into the fund every month. This helps the employee accumulate savings for retirement or other needs.

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Chapter 8: Staff Remuneration - EXERCISES [Page 115]

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Goyal Brothers Prakashan Business Studies [English] Class 12 ISC
Chapter 8 Staff Remuneration
EXERCISES | Q I. A. 8. | Page 115
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