2004 · Q97
97. Consider the following statements :
- 1The members of the Employees' Provident Fund and exempted Provident Funds are eligible for the Employees' Deposit-Linked Insurance Scheme.
- 2Employees' Pension Scheme, 1995 was introduced for the industrial workers.
- 3Coverage under the Employees' Provident Fund and Miscellaneous Provisions Act is restricted to establishments employing 20 or more persons.
Which of the statements given above is/are correct?
Labour LawsEPF
- A1 and 2
- B1, 2 and 3
- C1 and 3
- D3 only
Explanation
All three statements are correct. (1) The Employees' Deposit-Linked Insurance Scheme, 1976 covers members of the Employees' Provident Fund as well as members of exempted provident funds. (2) The Employees' Pension Scheme, 1995 replaced the Family Pension Scheme, 1971 for industrial workers. (3) The EPF and Miscellaneous Provisions Act, 1952 applies to establishments employing 20 or more persons.