Payment of Bonus Act, 1965 - MCQs with answers - Part 21. On what grounds an employee will be disqualified from getting bonus?
b. Riotous or violent behaviour while on the premises
c. Theft, misappropriation or sabotage of any property of the establishment
d. All of the aboveView Answer / Hide Answer
2. What is the minimum amount of bonus paid to an employee?
ANSWER: d. All of the above
d. 8.3%View Answer / Hide Answer3. The maximum amount of bonus to be paid in an accounting year as per section 10 of this act is ____.
d. 15%View Answer / Hide Answer4. State true or false
i. Where the salary or wages of an employee exceeds 2500 rupees per month the bonus payable as per section 10 of the act shall be calculated on 2500 rupees per month only.
b. FalseView Answer / Hide Answer5. Which section deals with the computation of number of working days?
a. Section 10
b. Section 11
c. Section 13
d. Section 14View Answer / Hide Answer6. State true or false
i. If any employee is found guilty of misconduct causing financial loss to the employer, then it is lawful for the employer to deduct the amount of loss from the amount of bonus payable by him to the employee.
b. FalseView Answer / Hide Answer7. What is the mode of paying bonus to the employeeâ€™s as specified in the act?
c. Account transfer
d. In kindView Answer / Hide Answer8. The payment of bonus shall be made within ______ from the date on which the award becomes enforceable or the settlement comes into operation where there is dispute regarding payment of bonus.
a. 15 days
b. On the day of settlement
c. 1 month
d. None of the aboveView Answer / Hide Answer9. Match the following particulars with their respective sections in the Act.
1. Cognizance of offences ---- a. Section 28
2. Inspectors ---------------- b. Section 2
3. Penalty ------------------- c. section 30
4. Definitions -------------- d. section 27
a. 1-c, 2-d, 3-a, 4-b
b. 1-d, 2-c, 3-a, 4-b
c. 1-b, 2-a, 3-d, 4-c
d. 1-a, 2-d, 3-b, 4-cView Answer / Hide Answer
10. The payment of bonus should be made within a period of _____ months from the close of the accounting year.
ANSWER: a. 1-c, 2-d, 3-a, 4-b
a. 2 months
b. 6 months
c. 8 months
d. None of the aboveView Answer / Hide Answer