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Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-3

  • question_answer
    What is the minimum number of employees in a firm covered by the retirement fund body Employees Provident Fund Organization (EPFO) for providing social security net?

    A)  Ten

    B)  Twenty

    C)  Thirty

    D)  Fifteen

    E)  Forty

    Correct Answer: B

    Solution :

     At present, all those firms employing 20 or more workers are covered by the retirement fund body Employees' Provident Fund Organisation (EPFO) for providing a social security net. The government is considering a proposal to reduce threshold limit for coverage of firms under the EPF Act to 10 persons.


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