EPF, EPS, EDLI & EPFO — Set 20
Labour Laws · EPF, EPS, EDLI और EPFO · Questions 191–200 of 200
What is the EPFO's outreach scheme for EPF awareness at district level called?
Correct Answer: B. Nidhи Aapke Nikat 2.0
'Nidhi Aapke Nikat 2.0' is EPFO's enhanced outreach initiative where officials visit district headquarters to resolve EPF grievances. The programme expanded the original 'Nidhi Aapke Nikat' by covering more districts and offering real-time grievance resolution. It helps workers who face difficulty travelling to EPFO regional offices and is conducted in coordination with district administrations.
The EPF Scheme 1952 was introduced by which Prime Minister of India?
Correct Answer: A. Jawaharlal Nehru
The Employees' Provident Funds Act was enacted in 1952 during Jawaharlal Nehru's tenure as Prime Minister. It was part of the socialist-inspired social security framework being built in the early years of independent India. The scheme reflected Nehru's vision of an industrial welfare state protecting organised sector workers.
EPFO's auto-settlement of death claims was introduced primarily to:
Correct Answer: B. Provide faster financial relief to bereaved families within 7 days
EPFO's auto-settlement of death claims was introduced with the primary goal of providing faster financial relief to the families of deceased EPF members. Bereaved families often face financial hardship and delays in claim settlement compounded the distress. The 7-day target for death claim settlement reflects EPFO's social responsibility mandate.
What is the connection between EPFO and the Employees' State Insurance Corporation (ESIC)?
Correct Answer: B. Both are under Ministry of Labour; EPFO covers PF/pension, ESIC covers health/disability
EPFO and ESIC are two distinct statutory organisations both under the Ministry of Labour and Employment. EPFO manages provident fund, pension, and life insurance (EPF, EPS, EDLI). ESIC manages health insurance, disability benefits, maternity benefits, and other medical benefits. Together, they form the core of India's organised sector social security framework.
Under the EPF Act, a member who is physically handicapped can withdraw EPF for:
Correct Answer: D. Both B and C
EPF members who are physically handicapped can withdraw from EPF to purchase equipment (including artificial limbs, hearing aids, wheelchairs, and other mobility aids) necessary to alleviate their disability. There is no minimum service period for this withdrawal. The facility reflects EPF's broader social welfare mandate beyond just retirement savings.
What is the impact of job change on EPS pensionable service?
Correct Answer: B. Pensionable service is continuous and cumulative across all EPF-covered employers
EPS pensionable service is cumulative across all EPF-covered employers throughout a member's career. When changing jobs, the EPS service from the previous employer is carried forward through the UAN and continues to accumulate. Only the contribution level changes with salary; the total years of pensionable service grow continuously.
What unique advantage does VPF have over PPF for salaried employees?
Correct Answer: B. VPF has no lock-in period and can be accessed on job change; PPF has 15-year lock-in
For salaried employees, VPF has the key advantage of no mandatory lock-in period — the accumulated balance becomes accessible upon changing jobs or after 2 months of unemployment. PPF has a strict 15-year lock-in with limited pre-mature withdrawals. Both earn comparable interest, but VPF's liquidity advantage makes it more flexible for working professionals.
EPFO's 'Annual Report' covers details of which financial information?
Correct Answer: B. Member accounts, investment details, interest credited, claim settlements, and enforcement
EPFO's Annual Report is a comprehensive document covering member account statistics, details of investments made (government securities, ETFs, bonds), interest rate and amounts credited, claim settlement data, enforcement actions against defaulters, and major policy initiatives. It is presented to Parliament for accountability and transparency.
Who manages PF for central government employees recruited before January 1, 2004?
Correct Answer: B. Ministry of Finance — GPF (General Provident Fund)
Central government employees recruited before January 1, 2004 are covered under the General Provident Fund (GPF), managed directly by the Ministry of Finance's Controller General of Accounts. GPF operates differently from EPF — only the employee contributes (no employer share), and the interest rate is set by the government. Post-January 2004 central government recruits are covered by NPS.
What is the key purpose of EPFO's 'One EPF — UAN' initiative in the context of India's labour mobility?
Correct Answer: B. To allow workers to carry their retirement savings seamlessly across jobs and states
The UAN-based 'One EPF' portability initiative enables Indian workers to carry their EPF corpus seamlessly when they change jobs, whether within the same city or across states. It eliminates the need to withdraw and re-deposit PF, reducing leakage of retirement savings. This is particularly significant for India's large migrant worker population who frequently change employers.