Practice Test

Q1) Payment of Bonus Act was enacted in the year: Show Answer

Q2) Which of the following is an objective of Payment of Bonus Act : Show Answer

Q3) Provision of the Payment of Bonus Act have no say on ________ bonus: Show Answer

Q4) Payment of bonus Act applies to any establishment which is a factory or where more than _______ persons are employed in a year. Show Answer

Q5) Appropriate Government may giving not less giving not less than ____ notice of its intention, by notification in the Official Gazette apply the provisions of Payment of Bonus Act to my establishment: Show Answer

Q6) Wherein Appropriate Govt applies Payment of Bonus Act to any other establish with less than 20 persons, however the number of persons so specified shall in no case be less than________ Show Answer

Q7) To which of the following, shall Payment of Bonus Act not apply: Show Answer

Q8) To which of the following, shall Payment of Bonus Act not apply: Show Answer

Q9) What are the different types of bonus? Show Answer

Q10) What do you mean by Accounting year in relation to a company: Show Answer

Q11) Allocable Surplus in relation to an employer, being a company (other than a banking company) which has not made the arrangements for the declaration and payment of dividend is ______of available surplus : Show Answer

Q12) Allocable Surplus in relation to an employer, being company which has made the arrangements for the declaration and payment of dividend is ________ of available surplus : Show Answer

Q13) Employee for the purpose of Payment of Bonus Act employed on a salary or wage not exceeding: Show Answer

Q14) Which of the following does not count for employee as per Payment of Bonus Act, 1965? Show Answer

Q15) Establishment in Public Sector means a corporation in which not less than _____ of its capital is held (whether singly or taken together) by Government / RBI Show Answer

Q16) Salary or wage for the purpose of Payment of Bonus Act, 1965 does not include Show Answer

Q17) Which of the following constitute Salary or wage for the purpose of Payment of Bonus Act, 1965: Show Answer

Q18) Establishment for the purpose of Payment of Bonus Act shall include: Show Answer

Q19) Gross Profit for the purpose of banking company is calculated in the manner specified in the which Schedule of Bonus Act: Show Answer

Q20) Gross Profit for the purpose of establishment other than banking company is calculated in the manner specified in the which Schedule of Bonus Act? Show Answer

Q21) Which of the following sums are deductible from gross profits in Payment of Bonus Act? Show Answer

Q22) Evey employee shall be entitled to be paid by his employer in an accounting year, in accordance with the provisions of this Act, provided he has worked in the establishment for not less than _____ days in that year. Show Answer

Q23) An employee suspended but subsequently reinstated back with full wages will be ______ for bonus for the period of suspension. Show Answer

Q24) An employee shall be disqualified from received bonus under payment of Bonus Act, if he is dismissed from service for: Show Answer

Q25) If an employee is dismissed from service for any act of misconduct enumerated in Section 9, he stands disqualified from receiving: Show Answer

Q26) Every employer shall be bound to pay to every employee in respect of any accounting year a minimum bonus which shall be ______ of the salary? Show Answer

Q27) The maximum bonus shall be _____ of the salary. Show Answer

Q28) Bonus is to be paid by the employer in which of the following cases: Show Answer

Q29) Where he salary or wage of an employee exceeds _______ p.m., the bonus payable under section 10 or 11 shall be calculated as if his salary or wage were _______ p.m. Show Answer

Q30) ________ shall be included for computation of number of working days for the purpose of Payment of Bonus Act. Show Answer

Q31) Which of the following can be adjusted against the bonus required to be paid under the Bonus Act? Show Answer

Q32) Where there is a dispute regarding payment of bonus pending before any authority under, all amounts payable to an employee by way of Payment of Bonus Act shall be paid in cash by his employer, within ______ month from the date from which the award: Show Answer

Q33) The bonus should be paid within a period with in a period of _____ months from the close of the accounting year Show Answer

Q34) _______ having regard to the financial position and other relevant circumstance, may by notification in the Official Gazette, exempt for such period such establishment or class of establishments from Payment of Bonus Act: Show Answer

Q35) If any person contravenes any of the provisions of this Act or any rule made there under; he shall be punishable with: Show Answer

Q36) Payment of Bonus Act is applicable to : Show Answer

Q37) As per Sec. 2(11) of Payment of Bonus Act, "Corporation means any body corporate established by or i under:Central Act , ii Provident Act iii State Act , iv Co-operative Society Show Answer

Q38) As per Section 4, the gross derived by an banking company in any accounting year shall be determined as prescribed in: Show Answer

Q39) An employee shall be disqualified from receiving bonus under this Act, if he dismissed from service for Show Answer

Q40) If an employer has paid any puja bonus or other or other customary bonus to an employee, whether the same shall be available for setoff? Show Answer

Q41) If there is a dispute regarding payment of bonus pending before any authority under Section 22,all amounts payable to an employee by way of bonus under this Act shall be paid in cash by his employer, within ______ from the date from which the award becomes enforceable or the settlement comes into operation, in respect of such dispute. Show Answer

Q42) Payment of Bonus Act, 1965 shall apply to every factory; and every other establishment in which _______ are employed on any day during an accounting year: Show Answer

Q43) Bonus must be paid to employees with a period of _______ months from the close of the accounting year.; Show Answer

Q44) As per Payment of Bonus Act,1965, employees drawing salary or wages not exceeding _____ per month in any industry are eligible for bonus. Show Answer

Q45) If an offence under Payment of Bonus Act has been committed by a company and it is proved that the offence has been committed with the consent or convenience of which of the following can be punished: Show Answer

Q46) The gross profits derived by an employer from an establishment in respect of any accounting year shall in the case of banking company be calculated in the manner specified in the _______ & in any other case, be calculated in the manner specified in the _______ Show Answer

Q47) Schedule l of Employees' Compensation Act, _______ details with list of injuries Deemed to Result in Permanent Partial Disablement while _______ deals with injuries Deemed to Result in Permanent Total Disablement. Show Answer

Q48) An employee is entitled to receive bonus provided he has worked in an accounting year in the establishment for not less than- Show Answer

Q49) An application for the recovery of bonus from an employer shall be made within Show Answer

Q50) An employee is entitled to receive bonus he has worked in an accounting year in the establishment for not less than: Show Answer

Q51) An employee is not entitled to bonus if: Show Answer

Q52) Which of the following is not a type of bonus under the Payment of Bonus Act, 1965: Show Answer

Q53) From the close of the accounting year, the bonus should be paid within: Show Answer

Q54) Bonus should be paid to the employees within how many months from the close of the accounting year: Show Answer

Q55) According to section 10 of the Payment of Bonus Act, 1965 every employer shall be bound to pay to every employee in respect of any accounting year a minimum bonus which shall be ____ of the salary or wage earned by the employee during the accounting year or ____________whichever is higher, whether or not the employer has any allocable surplus in the accounting year. Show Answer

Q56) Every employee shall be entitled to be paid by his employer in an accounting year, bonus in accordance with the provision of the Payment of Bonus Act, 1965 provided he has worked in the establishment in that year not less than- Show Answer

Q57) Under section 2(4) of the Payment of Bonus Act, 1965 allocable surplus means (a) in relation to an employer,being a company (other than a banking company) which has not made the arrangements prescribed under the Income tax Act, 1961 for the declaration and payment within India, of the dividends payable out of its profits in accordance with the provision of section 194 of that Act, __ of the available surplus in an accounting year (b) in any other case _______ of such available surplus. Show Answer

Q58) As per the Payment of Bonus Act, 1965 the bonus should be paid within how many months from the close of the accounting year ______ Show Answer

Q59) Under the Payment of Bonus Act, 1965 accounting year in relation to a corporation means- Show Answer

Q60) The Payment of Bonus Act, 1965 applies to every factory and every other establishment in which _______ persons are employed on any day during an accounting year. Show Answer

Q61) Under the Payment of Bonus Act, 1965 accounting year in relation to a corporation means- Show Answer

Q62) The Payment of Bonus Act, 1965 applies to every factory and every other establishment in which ______ persons are employed on any day during an accounting year Show Answer

Q63) Under the Payment of Bonus Act, 1965, who shall be entitled for bonus to be paid by the employer in an accounting year:
(1) Every employee
(2) Every employee who has worked for not less than thirty working days in that year
(3) Even a suspended employee, whose suspension is ultimately set aside later on
Which of the above is/are correct- Show Answer

Q64) One of the schemes of the Payment of Bonus Act, 1965 is to prescribed the maximum and minimum rates of bonus together with the scheme of 'set off' and 'set - on'. It was set by Justice Shah of the Supreme Court in the matter of - Show Answer

Q65) According to the Payment of Bonus Act, 1965 'bonus' should be paid to employee within- Show Answer

Q66) The provision of penalty for contravening any of the provision of the payment of Bonus Act, 1965 or for not complying the directions given under this act are given under- Show Answer

Q67) An employee, under section 9 of the Payment of Bonus Act, 1965 shall be disqualified from receiving bonus if he is dismissed from service for - Show Answer