Top 150+ Solved Banking and Finance 2 MCQ Questions Answer
Q. Section 2(aa) of the PF act defines the term ……………
a. Basic Wages
b. Authorised Officer
c. Government
d. None of these
Q. Bonus is part of Basic Wages as defined in the respective section in the PF Act.
a. True
b. False
c. none
d. none
Q. Section 2(d) of the Provident Fund Act defines ………
a. Hazardous Process
b. Employee
c. Employment
d. Controlled Industry
Q. The term “Employer” is defined in the section ……….. of the PF Act.
a. 2(e)
b. 2(g)
c. 2(f)
d. 2(m)
Q. The term “Exempted Employee” is defined under section ……. of the PF Act, 1952.
a. 2 (gg)
b. 2(hh)
c. 2(ff)
d. 2(cc)
Q. Section 2(g) of the PF Act defines ………………
a. Non-Exemption
b. Exemption
c. Factory
d. Exempted Job
Q. Under the PF Act, 1952 “Insurance Fund” means ……………
a. Unit Linked Insurance Plan
b. Deposit Linked Insurance Fund
c. Employees’ Group Accident Insurance
d. Medical Insurance Fund
Q. The contribution which shall be paid by the employer to the Fund shall be
a. 5%
b. 7%
c. 12%
d. 10%
Q. Which of the following statement is NOT correct about the SEBI?
a. At present it is a non statutory body
b. At present it is a statutory body
c. It got statutory powers by an ordinance in 1992
d. SEBI is managed by 6 members