What is the object of the Payment of Bonus Act, 1965?

The Payment of Bonus Act, 1965 Quiz

Quiz
•
Social Studies
•
University
•
Medium
A.K. Subramani
Used 1+ times
FREE Resource
11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To maintain peace and harmony between labour and capital
To increase profits for employers
To reduce the number of employees
To eliminate bonuses for employees
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To which establishments does the Payment of Bonus Act, 1965 apply?
Only to factories with more than 50 employees
All factories and establishments employing 20 or more persons
Only to government institutions
Only to private companies
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of an employee under the Payment of Bonus Act, 1965?
Any person employed on a salary or wage not exceeding Rs. 10,000/- per month
Any person working in a government job
Any person who is an apprentice
Any person working part-time
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first step towards calculating the amount of bonus?
Determination of gross profit
Calculating available surplus
Distributing the bonus
Setting off previous losses
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of available surplus is allocable for a company?
50%
60%
67%
70%
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the time limit for payment of bonus according to the Act?
Within one month from the close of the accounting year
Within eight months from the close of the accounting year
Within one year from the close of the accounting year
Within two years from the close of the accounting year
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who can make an application for recovery of bonus due to an employee?
Only the employee himself
The employer
Someone on behalf of the employee or the employee's heir
The government
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