Q. Under this act, “Insurance Fund” means ……………
✅ Correct Answer: (C)
Deposit Linked Insurance Scheme
Business Regulatory Framework MCQs and Notes
Q. No court inferior to that of ......................class shall try any offence under this Act
✅ Correct Answer: (B)
Presidency Magistrate or a Magistrate of the first class
Q. This Act shall not apply to any establishment registered under the Co-operative Societies Act, 1912 (2 of 1912), employing less than ------- persons and working without the aid of power
✅ Correct Answer: (C)
50
Q. An employer who contravenes or makes default in complying with the provisions of section 6 of this act, shall be punishable with imprisonment for a term which may extend to _____ years
✅ Correct Answer: (C)
3
Q. Bonus is part of Basic Wages as defined in the respective section in the PF Act.
✅ Correct Answer: (B)
False
Q. The term “Basic Wages” is defined in which section of the Provident Fund Act?
✅ Correct Answer: (C)
Section 2(b)
Q. Deputy Provident Fund Commissioner is an authorised officer.
✅ Correct Answer: (A)
True
Q. According to Section 2(a) which is the appropriate Government for a mine in a given state?
✅ Correct Answer: (B)
Central Government
Q. The term “Appropriate Government” is defined in which section of the PF Act?
✅ Correct Answer: (A)
Section 2(a)
Q. Minimum ……….. Persons must be employed in as establishment for the applicability of the PF act.
✅ Correct Answer: (B)
20