MCQs on Payment of Bonus Act 1965
1) When did The Payment of Bonus Act 1965, come into force?
A) 01 April 1965
B) 01 March 1965
C) 01 May 1965
D) 25 September, 1965
Answer –D) 25 September, 1965
2) Which section of The Payment of Bonus Act 1965 deals with Disqualification for bonus?
A. Section 12 of the Payment of Bonus Act 1965
B. Section 9 of the Payment of Bonus Act 1965
C. Section 14 of the Payment of Bonus Act 1965
D. Section 20 of the Payment of Bonus Act 1965
Answer B. Section 9 of the Payment of Bonus Act 1965
- Which section of the Payment of Bonus Act 1965 deals with Set on and set off of allocable surplus_?
A. Section 15 of the Payment of Bonus Act 1965
B. Section 14 of the Payment of Bonus Act 1965
C. Section 13 of the Payment of Bonus Act 1965
D. Section 18 of the Payment of Bonus Act 1965
Answer – A. Section 15 of the Payment of Bonus Act 1965
- Section 25 of the Payment of Bonus Act 1965 deals with_______?
A. Recovery of bonus due from an employer
B. Audit of accounts of employers, not being corporations or companies
C..Eligibility for bonus
D. Set on and set off of allocable surplus
Ans- B. Audit of accounts of employers, not being corporations or companies
5.Payment of minimum bonus, is provided in section____ of the Payment of Bonus Act 1965
A. Section 24 of the Payment of Bonus Act 1965
B. Section 10 of the Payment of Bonus Act 1965
C. Section 21 of the Payment of Bonus Act 1965
D. Section 23 of the Payment of Bonus Act 1965
Ans- B. Section 10 of the Payment of Bonus Act 1965
- Section 16 of the Payment of Bonus Act 1965 provides _?
A. Special provisions with respect to certain establishments
B. Offences by companies
C..Eligibility for bonus
D.Computation of gross profits
Ans A. Special provisions with respect to certain establishments
- Which section of the Payment of Bonus Act 1965 deals withAudited accounts of banking companies not to be questioned?
A. Section 27 of the Payment of Bonus Act 1965
B. Section 26 of the Payment of Bonus Act 1965
C. Section 24 of the Payment of Bonus Act 1965
D. Section 29 of the Payment of Bonus Act 1965
Answer – C. Section 24 of the Payment of Bonus Act 1965
- Section 12 of the Payment of Bonus Act 1965 deals with_______?
A.Calculation of bonus with respect to certain employees
B. Computation of gross profits
C. Sums deductible from gross profits
D. Time-limit for payment of bonus
Ans- A.Calculation of bonus with respect to certain employees
9) Which section of the Payment of Bonus Act 1965 deals with Time-limit for payment of bonus?
A. Section 17 of the Payment of Bonus Act 1965
B. Section 19 of the Payment of Bonus Act 1965
C. Section 14 of the Payment of Bonus Act 1965
D. Section 15 of the Payment of Bonus Act 1965
Answer B. Section 19 of the Payment of Bonus Act 1965
10) Section 3 of the Payment of Bonus Act 1965 deals with_______?
A. Computation of number of working days
B. Maintenance of registers, records, etc.
C. Establishments to include departments, undertakings, and branches
D. Eligibility for bonus
Answer- C. Establishments to include departments, undertakings and branches
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