Question
Consider the following statements about the Employees'
Provident Fund Organization (EPFO): 1) EPFO only manages the Employees' Provident Fund (EPF) scheme. 2) Employees' Deposit-Linked Insurance (EDLI) scheme is not managed by it. 3) EPFO is a statutory body that comes under the Ministry of Labour and Employment. Which of the above statements is/are correct?Solution
Statement 1 is incorrect as EPFO manages several schemes, including the Employees' Provident Fund (EPF) scheme, the Employees' Pension Scheme (EPS), and the Employees' Deposit-Linked Insurance (EDLI) scheme. Statement 2 is correct as EPFO is a statutory body under the Ministry of Labour and Employment.
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