New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Register

    Question

    What does "fixed term employment" mean according to the

    Code on Social Security?
    A An employee is engaged indefinitely with no written contract Correct Answer Incorrect Answer
    B An employee is engaged on the basis of a written contract of employment for a fixed period, with hours of work, wages, allowances, and benefits not less than those of a permanent employee doing the same or similar work Correct Answer Incorrect Answer
    C An employee is hired temporarily with no entitlement to the same benefits as a permanent employee Correct Answer Incorrect Answer
    D An employee is engaged for a fixed period but with no eligibility for any benefits Correct Answer Incorrect Answer
    E An employee is hired on a permanent basis with guaranteed job security. Correct Answer Incorrect Answer

    Solution

    Section 2 Definitions: (34) "fixed term employment" means the engagement of an employee on the basis of a written contract of employment for a fixed period: Provided that— (a) his hours of work, wages, allowances and other benefits shall not be less than that of a permanent employee doing the same work or work of a similar nature; and (b) he shall be eligible for all benefits, under any law for the time being in force, available to a permanent employee proportionately according to the period of service rendered by him even if his period of employment does not extend to the required qualifying period of employment.

    Practice Next

    Relevant for Exams: