Previous year MCQs

Economy UPPSC 1998 GS-I
Question

Provident Fund in India is

Answer & Solution

Answer: (Detailed Solution Below)

Option A: Contractual savings

Detailed Solution:

The correct answer is “Contractual savings”.
Provident fund in India is contract based savings. Provident fund is the portion of the income of public sector employees that has to be deposited with the government on contract basis.

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