EPF

The opportunity cost of one tent in England is--

• two radios

• one tent

• 1/4 of a radio

• 4 tents

Using the graph, which nation has the comparative advantage in the production of peanuts?

• USA

• Canada

What does EPF stand for in the context of social security?

• Employee Provident Fund

• Employer Pension Fund

• Employee Pension Fund

• Employer Provident Fund

Which organization manages the EPF in India?

• Reserve Bank of India

• Employees' Provident Fund Organisation

• Securities and Exchange Board of India

• Ministry of Finance

What is the primary purpose of the EPF?

• To provide health insurance

• To offer retirement savings

• To fund education

• To support housing loans

Who contributes to the EPF account?

• Only the employee

• Only the employer

• Both employee and employer

• Government only

What percentage of an employee's salary is typically contributed to the EPF by the employee in India?

• 8%

• 10%

• 12%

• 15%

Is the EPF contribution mandatory for all salaried employees in India?

• Yes, for all employees

• No, only for government employees

• Yes, for employees earning below a certain threshold

• No, it is voluntary

What is the minimum number of employees a company must have to be required to offer EPF in India?

• 10

• 15

• 20

• 25

Can an employee withdraw the EPF amount before retirement?

• Yes, under certain conditions

• No, only after retirement

• Yes, anytime

• No, only after 60 years of age