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With reference to Fixed Term Employment, consider the following statements:
1. In this system, payment is not fixed and can be altered during the term of the contract.
2. In this system, the employee is not on the payroll of the company.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2 
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
With reference to Fixed Term Employment, consider the following statem...
  • Fixed-term employment is a contract in which a company or an enterprise hires an employee for a specific period of time. In most cases, it is for a year but can be renewed after the term expires depending on the requirement. In fixed-term employment, the employee is not on the payroll of the company. Hence statement 2 is correct.
  • Under the fixed-term employment contract, the payout or the payment is fixed in advance and is not altered till the term expires. Hence statement 1 is not correct.
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With reference to Fixed Term Employment, consider the following statements:1. In this system, payment is not fixed and can be altered during the term of the contract.2. In this system, the employee is not on the payroll of the company.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to Fixed Term Employment, consider the following statements:1. In this system, payment is not fixed and can be altered during the term of the contract.2. In this system, the employee is not on the payroll of the company.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to Fixed Term Employment, consider the following statements:1. In this system, payment is not fixed and can be altered during the term of the contract.2. In this system, the employee is not on the payroll of the company.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
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