Q. The chairman and members of Central Board constituted under Employees Provident Fund are appointed by
✅ Correct Answer: (C)
Central Government
Banking and Finance 2 MCQs and Notes
Q. What is the present wage limit to be eligible to be covered under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952?
✅ Correct Answer: (B)
Rs. 15,000
Q. 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.
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)
A, B & D
Q. In which year was the Life Insurance Corporation of India formed?
✅ Correct Answer: (A)
1956
Q. Which type of insurance usually requires higher premium?
✅ Correct Answer: (A)
Broad Form insurance
Q. The Hindustan Co-operative Insurance Company was set up in the year 1907 in which city?
✅ Correct Answer: (D)
Calcutta
Q. The legislation to regulate insurance business in India was passed in which year?
✅ Correct Answer: (B)
1912
Q. The punch line of the advertisement of which of the following organization is “Jindagi ke sath bhi Jindagi ke bad bhi”?
✅ Correct Answer: (D)
Life Insurance Corporation Of India
Q. The Life Insurance Corporation of India has how many Zonal offices in India?
✅ Correct Answer: (B)
Eight