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Which of the following statements about The Employees’ Provident Funds and (Miscellaneous Provisions) Act are true? A) The Act is not applicable to cooperative societies employing less than 50 persons working with the aid of power. B) It makes provision for pension scheme, including family pension. C) There is no wage limit to be covered under the Act. D) The Act has a provision relating to Employees’ Deposit-linked Insurance Scheme.

Correct Answer: A, B & D

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Banking and Finance 2 MCQ: Which of the following statements about The Employees’ Provident Funds and (Miscellaneous Provisions) Act are true? A) The Act is not applicable to cooperative societies employing less than 50 persons working with the aid of power. B) It makes provision for pension scheme, including family pension. C) There is no wage limit to be covered under the Act. D) The Act has a provision relating to Employees’ Deposit-linked Insurance Scheme. | Extra Education