12 Questions
What happens if both Houses of Parliament agree in making modifications to a scheme laid before them?
The scheme will have effect only in the modified form.
Who has the authority to modify a scheme, a family pension scheme, or an insurance scheme?
The Central Government
Under what conditions can a notification issued by the Central Government be annulled?
If both Houses of Parliament agree in making modifications to the notification.
What is the procedure for laying a scheme before each House of Parliament?
Should be laid for a total period of 30 days during a session or across multiple sessions.
Who is responsible for determining the moneys due from employers according to the text?
Central Provident Fund Commissioner
When can provisions under the Insurance Scheme take effect?
Either prospectively or retrospectively as specified
What is the maximum percentage of basic wages, dearness allowance, and retaining allowance that the employer is required to pay into the Deposit-linked Insurance Fund?
1%
Who determines the further sums of money that the employer must pay into the Insurance Fund, beyond the contribution required under sub-section (2)?
The Central Board
How are the expenses related to the administration of the Insurance Scheme met?
By the Central Board
Who administers the Insurance Fund according to the text?
The Central Board
What is the purpose of paying further sums of money into the Insurance Fund according to sub-section (4)?
To cover administrative expenses
What can be included in the matters specified in Schedule IV according to the text?
Administrative provisions
This quiz explores the establishment and functioning of a Deposit-linked Insurance Fund under an Insurance Scheme, where employers contribute on behalf of their employees. It covers details such as the percentage of contribution and the components considered for calculating the contribution amount.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
