Quiz on Provident Fund Act

The Provident Fund Act, also known as EPF, was enacted in which year?

• 1950

• 1952

• 1965

• 1971

Which body administers the Provident Fund Act in India?

• Reserve Bank of India

• Securities and Exchange Board of India

• Employees' Provident Fund Organization (EPFO)

• Ministry of Labour

The EPF Act applies to organizations employing how many or more employees?

• 10

• 20

• 50

• 100

What percentage of the employee's salary is contributed by the employee towards EPF?

• 10%

• 12%

• 15%

• 18%

Which of the following is a component of the total contribution made under EPF?

• Employee's contribution

• Employer's contribution

• Government contribution

• Both a) and b)

The minimum number of years of service required to withdraw the entire provident fund amount is:

• 1 year

• 5 years

• 10 years

• No such restriction

Which of the following is not part of the EPF scheme?

• Employees' Pension Scheme (EPS)

• Employees' Deposit Linked Insurance Scheme (EDLI)

• Employees' Gratuity Fund (EGF)

• Provident Fund (PF)

What percentage of the employer's contribution goes to the Employees' Pension Scheme (EPS)?

• 8.33%

• 12%

• 3.67%

• 10%

For how many months of continuous unemployment can an employee withdraw their EPF balance?

• 1 month

• 3 months

• 6 months

• 9 months

Which section of the Employees' Provident Fund Act specifies penalties for defaulting employers?

• Section 7A

• Section 14B

• Section 9

• Section 11