Chapter 6: Employees Provident Fund Act (EPF) Act of 1991 Quiz

What is the main objective of the Employees Provident Fund Act 1991?

• To provide financial relief for employers

• To provide social security protection for workers

• To promote international trade

• To regulate the stock market

What is the Employees Provident Fund (EPF) committed to?

• Investing in risky ventures

• Preserving and growing the savings of its members prudently

• Providing short-term loans to members

• Maximizing profits for the government

When was the Employees Provident Fund Act 1951 first introduced?

• 1991

• 2000

• 1969

• 1951

Who is considered an 'Employee' under the Act?

• Member of the administration

• Domestic servant

• Nomadic aborigine

• Person employed under a contract of service

Who is considered an 'Employer' under the Act?

• Embassy, High Commission, Consulate

• Manager, agent or person responsible for the payment of salary or wages

• All of the above

• Any government or statutory body

What does 'Wages' under the Act include?

• All of the above

• Overtime payment

• Service charge

• Retirement benefit

What is the penalty for an employee who fails to register with the EPF Board?

• Fine not exceeding RM5,000

• Imprisonment for a term not exceeding three years

• Both A and B

• No penalty

Who is liable to pay monthly contributions under the Act?

• The government

• Both the employer and the employee

• Only the employer

• Only the employee

What is the penalty for an employer who fails to pay EPF contributions?

• Fine not exceeding RM5,000

• Imprisonment for a term not exceeding three years

• Both A and B

• No penalty

Who may elect to make contributions under the Act?

• Self-employed person

• Pensionable employee

• Both A and B

• None of the above