New Enroll in RBI Gr B 2025 Exclusive New Batch on March 18

    Question

    According to Section 32 of the Code on Wages, 2019, who

    is responsible for prescribing the manner in which the gross profits of a banking company are calculated for the purpose of bonus calculation?
    A The Central Government Correct Answer Incorrect Answer
    B The State Government Correct Answer Incorrect Answer
    C The Reserve Bank of India Correct Answer Incorrect Answer
    D The establishment's management Correct Answer Incorrect Answer

    Solution

    Explanation: As per Section 32- The gross profits derived by an employer from an establishment in respect of the accounting year shall,–– (a) in the case of a banking company, be calculated in the manner as may be prescribed by the Central Government; (b) in any other case, be calculated in the manner as may be prescribed by the Central Government.

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