The Payment of Bonus Act, 1965 Quiz

The Payment of Bonus Act, 1965 Quiz

University

11 Qs

quiz-placeholder

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The Payment of Bonus Act, 1965 Quiz

The Payment of Bonus Act, 1965 Quiz

Assessment

Quiz

Social Studies

University

Medium

Created by

A.K. Subramani

Used 1+ times

FREE Resource

11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

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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