Question
Which of the following establishments is/are exempted
from the application of EPF and Misc Act 1952? I.        Establishments registered under the Co-operative Societies Act, 1912, employing less than fifty persons and working without power. II.        Establishments belonging to the Central Government or State Government, with employees entitled to contributory provident fund or old age pension benefits.Solution
Explanation: This provision states that the Act does not apply to certain types of establishments. Here's a simplified explanation: ·      The Act does not apply to co-operative societies that are registered under the Co-operative Societies Act, 1912 , or any other law related to co-operative societies in any state. This exemption applies to co-operative societies that have fewer than fifty employees and operate without using power. ·      The Act also does not apply to establishments that belong to or are controlled by the Central Government or a State Government . If the employees of these establishments are already entitled to benefits like contributory provident fund or old age pension under a scheme or rule established by the Central or State Government, they are exempt from this Act.
The following figures related to the rent and rates payable expense for a business in 2020-2021. Which is the correct figure for rent and rate expense ...
In a negatively skewed distribution
 ABC Ltd is a financing company and has given loans and advances to its subsidiary and earned an interest of Rs 1.00 lacs. This interest income is :
Which of the following factors has the highest weightage in RBI’s Financial Inclusion Index?
Which of the following transactions will result in a Fund Based exposure for a Bank? Â
Mr. Ankit received 1000 ESOPs at Rs.50 each. The fair value of the shares is Rs.120 at vesting time and Rs.130 at exercise time. What is the value of ES...
Which of the following derivative instrument is a type of financial derivative in which fixed payments of interest are exchanged by two counterparties f...
Which of the following is incorrect regarding the PMEGP scheme? Â
Manish is a manager who is out of town on a business trip. He needs to get some data to a member of his staff rather quickly so a presentation can be up...
Which of the following best describes a risk averse investor?