McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 1. |
Section 2(d) of the Provident Fund Act defines ……… |
| A. | Hazardous Process |
| B. | Employee |
| C. | Employment |
| D. | Controlled Industry |
| Answer» D. Controlled Industry | |
| 2. |
The term “Employer” is defined in the section ……….. of the PF Act. |
| A. | 2(e) |
| B. | 2(g) |
| C. | 2(f) |
| D. | 2(m) |
| Answer» A. 2(e) | |
| 3. |
Can an agent, of the owner of a factory, be termed as an employer? |
| A. | Yes |
| B. | No |
| C. | none |
| D. | none |
| Answer» A. Yes | |
| 4. |
The term “Exempted Employee” is defined under section ……. of the PF Act, 1952. |
| A. | 2 (gg) |
| B. | 2(hh) |
| C. | 2(ff) |
| D. | 2(cc) |
| Answer» C. 2(ff) | |
| 5. |
Section 2(g) of the PF Act defines ……………… |
| A. | Non-Exemption |
| B. | Exemption |
| C. | Factory |
| D. | Exempted Job |
| Answer» C. Factory | |
| 6. |
Under the PF Act, 1952 “Insurance Fund” means …………… |
| A. | Unit Linked Insurance Plan |
| B. | Deposit Linked Insurance Fund |
| C. | Employees’ Group Accident Insurance |
| D. | Medical Insurance Fund |
| Answer» B. Deposit Linked Insurance Fund | |
| 7. |
Under this act, how many members are appointed by the Central Government in Central Board representing employees in the establishments to which the Scheme applies |
| A. | 15 |
| B. | 10 |
| C. | 12 |
| D. | 20 |
| Answer» B. 10 | |
| 8. |
The contribution which shall be paid by the employer to the Fund shall be |
| A. | 5% |
| B. | 7% |
| C. | 12% |
| D. | 10% |
| Answer» C. 12% | |
| 9. |
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. |
| A. | 100 |
| B. | 70 |
| C. | 50 |
| D. | 20 |
| Answer» C. 50 | |
| 10. |
Employees’ Provident Funds Appellate Tribunal was constituted under Section ....... the this act. |
| A. | 6D |
| B. | 7C |
| C. | 6A |
| D. | 7D |
| Answer» D. 7D | |
| 11. |
When was SEBI constituted? |
| A. | April, 1988 |
| B. | March, 1982 |
| C. | July, 1992 |
| D. | Dec. 1974 |
| Answer» A. April, 1988 | |
| 12. |
Which of the following statement is NOT correct about the SEBI? |
| A. | At present it is a non statutory body |
| B. | At present it is a statutory body |
| C. | It got statutory powers by an ordinance in 1992 |
| D. | SEBI is managed by 6 members |
| Answer» A. At present it is a non statutory body | |
| 13. |
Which of the following words does not belong to the stock exchange? |
| A. | NAV |
| B. | NSE |
| C. | IPO |
| D. | KPO |
| Answer» D. KPO | |
| 14. |
Where is the headquarter of the SEBI? |
| A. | Delhi |
| B. | Bengaluru |
| C. | Chennai |
| D. | Mumbai |
| Answer» D. Mumbai | |
| 15. |
Chairman of the SEBI is appointed for ……… |
| A. | For maximum 3 years |
| B. | For maximum 6 years |
| C. | For maximum 5 years |
| D. | Tenure not fixed |
| Answer» D. Tenure not fixed | |
| 16. |
How many companies are included in the SENSEX? |
| A. | 30 |
| B. | 50 |
| C. | 111 |
| D. | 25 |
| Answer» A. 30 | |
| 17. |
SEBI stands for: |
| A. | Securities and Exchange Bank of India |
| B. | Securities and Exchange Board for Investment |
| C. | Securities and Exchange Board of India |
| D. | None of These |
| Answer» A. Securities and Exchange Bank of India | |
| 18. |
SEBI get its statutory powers on: |
| A. | 17 April, 1992 |
| B. | 15 April, 1992 |
| C. | 12 April, 1992 |
| D. | None of These |
| Answer» C. 12 April, 1992 | |
| 19. |
Which among the following complaints not dealt by SEBI: |
| A. | Complaints falling under the purview of the regulatory bodies like RBI, IRDA, PFEDA, CCI, FMC etc. |
| B. | Complaints regarding Pension Fund |
| C. | Complaints regarding Commodities |
| D. | All of Above |
| Answer» D. All of Above | |
| 20. |
SCORES stands for: |
| A. | SEBI Complaints Redress System |
| B. | Special Complaints Redress System |
| C. | Sources for Complaints Redress System |
| D. | None of These |
| Answer» A. SEBI Complaints Redress System | |
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