SEO MCQ Question Page

Which statement best explains Provident fund?

Practice this MCQ with options, instant answer checking, explanation, exam-wise filters, next/previous navigation and shareable result image.

Question ID #26821 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 4 Medium

Which statement best explains Provident fund?

Correct Answer: B. Contributory social-security savings mechanism for covered employees
Provident fund: Contributory social-security savings mechanism for covered employees

Question: Which statement best explains Provident fund?

A. Person undertaking platform-mediated work as recognized in social-security law

B. Contributory social-security savings mechanism for covered employees

C. Legally prescribed floor below which covered workers should not ordinarily be paid

D. Consolidates laws relating broadly to social security benefits for workers

Correct Answer: B. Contributory social-security savings mechanism for covered employeesProvident fund: Contributory social-security savings mechanism for covered employees

← Previous Question Next Question →

Which statement best explains Provident fund? - MCQ Explanation

This question is useful for exam preparation because it provides direct multiple-choice practice with options, answer checking and explanation.

Correct answer: B. Contributory social-security savings mechanism for covered employees