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A savings fund in which both, the employ...

A savings fund in which both, the employer and the employee contribute regularly in the interest of the employee is known as:

A

1. Index Fund

B

2. Mutual Fund

C

3. Provident Fund

D

4. Balanced Fund

Text Solution

Verified by Experts

The correct Answer is:
C
The EPF is one of the main platforms of savings for all employees working in Government, Public or Private sector Organizations. It is a type of scheme in which a certain part of one’s salary is deducted and the employer also adds a certain amount into it and then the complete amount is put into a savings account.
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PINNACLE-ECONOMICS-MCQ (INDIAN ECONOMY: CENTRAL PROBLEMS AND PLANNING)
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