Tag: concept of social security

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Questions Related to concept of social security

Multiple choice commercial studies industrial relations, trade unions and social security concept, scope and social security in india concept of social security insurance - introduction and importance

PF amounts i.e. employees & employers share has to be deposited _____________.

  1. With income tax authorities

  2. State Provident Fund Commissioner

  3. Regional Provident Fund Commissioner

  4. None of above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

According to the employees provident funds and miscellaneous provisions act, 1952 the employees have to contribute a total of minimum twelve percent of their salary with dearness allowance to the funds established under the schemes prescribed by the central government. The contribution to the provident fund is deposited by the middle of the next month from the date when the salary got due to the Regional provident fund commissioner. 

Multiple choice organization of commerce and management insurance - introduction and importance concept, scope and social security in india concept of social security industrial relations, trade unions and social security

Which, one of the following is the regulating authority for governing the Insurance companies in India?

  1. TRAI

  2. PFRDA

  3. IRDA

  4. SEBI
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Insurance Regulatory and Development Authority of India (IRDA) is the regulating authority that governs the Insurance companies in India. The IRDA was established by the Insurance Regulatory and Development Authority(IRDA) Act, 1999. 

It is an autonomous, statutory agency which regulates and promotes the insurance and re-insurance industries in India.

Multiple choice business studies insurance - introduction and importance concept, scope and social security in india concept of social security industrial relations, trade unions and social security

One can open multiple NPS accounts.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

One can open multiple NPS accounts- this is a false statement as one can open only one NPS account. National Pension System (NPS) is a government-sponsored pension scheme. It was launched in January 2004. National Pension Scheme provides old age income with reasonable market based returns. NPS was initially launched only for government employees.

Multiple choice business studies insurance - introduction and importance concept, scope and social security in india concept of social security industrial relations, trade unions and social security

An NRI can join NPS.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

An NRI(Non-Residential Indian) can join National Pension Scheme. National Pension System (NPS) is a government-sponsored pension scheme. It was launched in January 2004. National Pension Scheme provides old age income with reasonable market based returns. NPS was initially launched only for government employees.

Multiple choice business studies insurance - introduction and importance concept, scope and social security in india concept of social security industrial relations, trade unions and social security

Which of the following would not ensure better labour relations?

  1. Proper rehabilitation of retrenched labour.

  2. Rational and pragmatic recruitment policy.

  3. Inadequate incentives for productivity of labour.

  4. Disincentives for failures.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Inadequate incentives for productivity of labour would not ensure better labour relations. Proper and adequate incentives for productivity of labor is to be provided in order to maintain a good labour relations which will help to facilitate smooth functioning of all other organizational activities.

Multiple choice business studies insurance - introduction and importance concept, scope and social security in india concept of social security industrial relations, trade unions and social security

If the account holder discontinues investment in NPS, the account will be frozen.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

If the account holder discontinues investment in NPS, the account will be frozen. National Pension System (NPS) is a government-sponsored pension scheme. It was launched in January 2004. National Pension Scheme provides old age income with reasonable market based returns. NPS was initially launched only for government employees.

Multiple choice business studies insurance - introduction and importance concept, scope and social security in india concept of social security industrial relations, trade unions and social security

National Pension System (NPS) is a government-sponsored pension scheme. It was launched in ______________.

  1. January 2005

  2. January 2004

  3. January 2007

  4. January 2003
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

National Pension System (NPS) is a government-sponsored pension scheme. It was launched in January 2004. National Pension Scheme provides old age income with reasonable market based returns. NPS was initially launched only for government employees.

Multiple choice business studies insurance - introduction and importance concept, scope and social security in india concept of social security industrial relations, trade unions and social security

Which of the following is/are true about the NPS?

  1. The NPS account can be unfrozen by paying the minimum required amount and a penalty of Rs 100.

  2. Minimum contribution required is of Rs 6,000 in the Tier-I account.

  3. Government will not contribute to the NPS account.

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
National Pension System (NPS) is a government-sponsored pension scheme. It was launched in January 2004. National Pension Scheme provides old age income with reasonable market based returns. NPS was initially launched only for government employees. Following statements are true about the NPS:
a) The NPS account can be unfrozen by paying the minimum required amount and a penalty of Rs 100.
b) Minimum contribution required is of Rs 6,000 in the Tier-I account.
c) Government will not contribute to the NPS account.
Multiple choice business studies insurance - introduction and importance concept, scope and social security in india concept of social security industrial relations, trade unions and social security

Any Indian citizen between ________ years can join NPS.

  1. 18 and 60

  2. 30 and 50

  3. 18 and 40

  4. 20 and 40
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Any Indian citizen between 18 and 60 years can join NPS. National Pension System (NPS) is a government-sponsored pension scheme. It was launched in January 2004. National Pension Scheme provides old age income with reasonable market based returns. NPS was initially launched only for government employees.

Multiple choice business studies insurance - introduction and importance concept, scope and social security in india concept of social security industrial relations, trade unions and social security

PPF means __________________.

  1. Pension Planning Funds

  2. Person having Pension Facilities

  3. Public Provident Fund

  4. Permanent Practitioners Forum
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Public provident fund is a type of after retirement payment to the retired employees of the business which is contributed by the employees as well as the employers to create a separate fund which is availed by the retired employees on their retirement.