Ch.1 · Savings vs Investment Avenues · easy
Which of the following best describes the Employees' Provident Fund (EPF)?
0% of students got this wrong
EXPLANATION
EPF is a mandatory retirement savings scheme under the Employees' Provident Funds Act, 1952, applicable to establishments with 20 or more workers. Both employer and employee contribute 12% of basic salary. Interest is declared annually by the government.
Practising Chapter 1 one question at a time?
Try the full chapter — 50 questions, tracked score, weak area breakdown.