New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    What can the Central Government do regarding the

    Employees' Provident Fund?
    A The Central Government may, by notification, establish a Central Board of Trustees for administering the Employees' Provident Fund, starting from a specified date Correct Answer Incorrect Answer
    B The Central Government can dissolve the existing Employees' Provident Fund Board without notice Correct Answer Incorrect Answer
    C The Central Government must appoint trustees from private sectors for the Employees' Provident Fund Correct Answer Incorrect Answer
    D The Central Government can only oversee the fund's administration without creating a new board Correct Answer Incorrect Answer
    E The Central Government is required to manage the Employees' Provident Fund directly without involving a board. Correct Answer Incorrect Answer

    Solution

    Code on Social Security  Section 4 Constitution of Board of Trustees of Employees’ Provident Fund: (1) The Central Government may, by notification, constitute, with effect from such date as may be specified therein, a Board of Trustees of the Employees' Provident Fund to be called the Central Board, for the purposes of Chapter III and the provisions of this Code relating to that Chapter, for the administration of the funds vested in it in such manner as may be prescribed by the Central Government,

    Practice Next

    Relevant for Exams: