UPSC EPFO APFC

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EPFO APFC MCQ https://t.me/upsc_epfo_26

🔆 Code on Social Security, 2020 — Complete Quick Revision 📍 Objective: ✅ To provide universal social security to all workers — organised, unorganised, gig & platform. ✅ To simplify and merge 9 old labour laws related to social benefits into one code. 📍 Covers 9 Major Acts: ✅ Employees’ Compensatio…

🔆 VOUCHERS – Key Audit Concept 📍 Definition: ✅ “Vouching” means testing the truth of entries appearing in the books of original entry. — J.R. Batliboi ✅ It refers to examining entries in account books with documents supporting them. — Lawrence R. Dicksee 📍 Objective of Vouching: ✅ Check correctne…

🔆 Difference Between Continuous Audit & Periodical Audit 📍 1. Nature of Audit ✅ Continuous Audit: Conducted at regular or irregular intervals throughout the year. ✅ Periodical Audit: Begins after finalizing accounts at year-end and continues till completion. 📍 2. Checking of Accounts ✅ Continuous …

📍Payment of Gratuity Act 1972 Gratuity is a kind of retirement benefit; in common practice it is a lump sum payment made to an employee on attaining the age of super-annuation or termination of service or on account of death or disability, provided the employee has rendered continuous service for a…

🔆 Important Insurance Plans by LIC 📍 1️⃣ LIC Jeevan Ankur Plan ✅ Started on January 23, 2012 for newborn babies. ✅ Life of parents insured to benefit the child up to age 17. ✅ In case of parent’s death, premium waived but policy continues. 📍 2️⃣ LIC Jeevan Kishore Plan ✅ Endowment Assurance Plan f…

🔆 Forms of Workers’ Participation in Management (WPM) in India 📍 Overview ✅ Workers’ Participation in Management (WPM) aims to involve employees in decision-making to promote industrial democracy, better relations, and higher productivity. ✅ It ensures mutual trust and cooperation between managemen…

🔆 Industrial Relations Policy Across Five-Year Plans 📍 1️⃣ First Five-Year Plan (1951–56) ✅ Focus: Worker welfare & economic progress ✅ Emphasized harmony between capital & labour as key for industrial growth. ✅ Upheld workers’ right to association & collective bargaining as fundamental. ✅ Trade un…

🔆 Registration of Trade Union – Key Points ✅ Minimum Members Required: At least 7 or more members of a trade union can apply for registration. ✅ Membership Requirement: At least 10% of the workers or 100 workers (whichever is less) must be members of the union at the time of application. ✅ Contin…

🔆 Working Hours & Regulation of Child Labour (Child Labour Act, 1986) 📍 Key Provisions (Section 7): ✅ Continuous Work & Rest Intervals: • No child shall work for more than 3 hours continuously. • Must be given at least 1-hour rest after 3 hours of work. ✅ Shift & Spread Over: • Total work (includi…

🔆 Wage Payment Timelines (Payment of Wages Rules) 📍 Wage Period & Payment Deadline ✅ Daily Basis: Paid at the end of the shift. ✅ Weekly Basis: Paid on the last working day of the week — before the weekly off. ✅ Fortnightly Basis: Paid before the end of the 2nd day after the fortnight ends. ✅ Month…

🔆 Industrial Relations Code, 2020 – Key Highlights ✅ Definition of Strike: Amended to include mass casual leave by 50% or more workers on a given day. ✅ Workman renamed as: Worker. ✅ Grievance Redressal Committee: Mandatory in all establishments. ✅ Negotiating Union: Recognition made compulsory. ✅ …

🔆 Working Hours & Regulation of Child Labour (Child Labour Act, 1986) 📍 Key Provisions (Section 7): ✅ Continuous Work & Rest Intervals: • No child shall work for more than 3 hours continuously. • Must be given at least 1-hour rest after 3 hours of work. ✅ Shift & Spread Over: • Total work (includi…

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