alleryStart learning →Which scheme replaced the Family Pension Scheme, 1971?
AEmployees' Pension Scheme
BProvident Fund Scheme
CDeposit Linked Insurance
DGratuity Payment Scheme
Answer & Solution
Correct answer: A. Employees' Pension Scheme
The 1995 pension scheme took over from the 1971 family pension scheme within the set of schemes run under the provident fund law.
Keep practising Employee Benefits
Browse all Employee Benefits questions for CA Inter, or explore more Accounting topics.
Related questions
Employee benefits mainly aim to increase what for staff?Which US plans let employees choose from a menu of benefits?Employees tend to see mandated benefits as creating what?Which body coined the term fringe benefits during World War II?What is exchanging cash wages for another benefit called?In which year was India's fringe benefits tax abolished?The IASB defines employee benefits as consideration for what?Who prepared the 1943 report that shaped India's health insurance scheme?