UPSC Exam  >  UPSC Questions  >   Consider the following pairs related to the ... Start Learning for Free
Consider the following pairs related to the Employees Deposit Linked Insurance (EDLI) Scheme:
1. EDLI Scheme Launch Year - 1976
2. Maximum Assured Benefit - Rs 10 lakh
3. Employer Contribution Rate - 0.5% of employee's monthly wages
4. Minimum Assurance Benefit for continuous employment of 12 months - Rs 2.5 lakh
How many pairs given above are correctly matched?
  • a)
    Only one pair
  • b)
    Only two pairs
  • c)
    Only three pairs
  • d)
    All four pairs
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following pairs related to the Employees Deposit Linked ...
1. EDLI Scheme Launch Year - 1976: This pair is correctly matched. The Employees Deposit Linked Insurance (EDLI) Scheme was indeed launched in 1976 by the Government of India to provide life insurance benefits linked to the Provident Fund accounts of employees.
2. Maximum Assured Benefit - Rs 10 lakh: This pair is incorrectly matched. The maximum assured benefit under the EDLI scheme is up to Rs 7 lakh, not Rs 10 lakh. This benefit is paid to the nominee or legal heir of the EPF member if death occurs while the member is in service.
3. Employer Contribution Rate - 0.5% of employee's monthly wages: This pair is correctly matched. Employers contribute to the EDLI scheme at a rate of 0.5% of the employee's monthly wages, subject to a wage ceiling of Rs 15,000.
4. Minimum Assurance Benefit for continuous employment of 12 months - Rs 2.5 lakh: This pair is correctly matched. If an EPF member has had continuous employment for at least 12 months before their death, the EDLI scheme provides a minimum assurance benefit of Rs 2.5 lakh.
Thus, pairs 1, 3, and 4 are correctly matched. The correct answer is Option C: Only three pairs.
Explore Courses for UPSC exam

Similar UPSC Doubts

Top Courses for UPSC

Consider the following pairs related to the Employees Deposit Linked Insurance (EDLI) Scheme:1. EDLI Scheme Launch Year - 19762. Maximum Assured Benefit - Rs 10 lakh3. Employer Contribution Rate - 0.5% of employee's monthly wages4. Minimum Assurance Benefit for continuous employment of 12 months - Rs 2.5 lakhHow many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'C'. Can you explain this answer?
Question Description
Consider the following pairs related to the Employees Deposit Linked Insurance (EDLI) Scheme:1. EDLI Scheme Launch Year - 19762. Maximum Assured Benefit - Rs 10 lakh3. Employer Contribution Rate - 0.5% of employee's monthly wages4. Minimum Assurance Benefit for continuous employment of 12 months - Rs 2.5 lakhHow many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following pairs related to the Employees Deposit Linked Insurance (EDLI) Scheme:1. EDLI Scheme Launch Year - 19762. Maximum Assured Benefit - Rs 10 lakh3. Employer Contribution Rate - 0.5% of employee's monthly wages4. Minimum Assurance Benefit for continuous employment of 12 months - Rs 2.5 lakhHow many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following pairs related to the Employees Deposit Linked Insurance (EDLI) Scheme:1. EDLI Scheme Launch Year - 19762. Maximum Assured Benefit - Rs 10 lakh3. Employer Contribution Rate - 0.5% of employee's monthly wages4. Minimum Assurance Benefit for continuous employment of 12 months - Rs 2.5 lakhHow many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Consider the following pairs related to the Employees Deposit Linked Insurance (EDLI) Scheme:1. EDLI Scheme Launch Year - 19762. Maximum Assured Benefit - Rs 10 lakh3. Employer Contribution Rate - 0.5% of employee's monthly wages4. Minimum Assurance Benefit for continuous employment of 12 months - Rs 2.5 lakhHow many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Consider the following pairs related to the Employees Deposit Linked Insurance (EDLI) Scheme:1. EDLI Scheme Launch Year - 19762. Maximum Assured Benefit - Rs 10 lakh3. Employer Contribution Rate - 0.5% of employee's monthly wages4. Minimum Assurance Benefit for continuous employment of 12 months - Rs 2.5 lakhHow many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following pairs related to the Employees Deposit Linked Insurance (EDLI) Scheme:1. EDLI Scheme Launch Year - 19762. Maximum Assured Benefit - Rs 10 lakh3. Employer Contribution Rate - 0.5% of employee's monthly wages4. Minimum Assurance Benefit for continuous employment of 12 months - Rs 2.5 lakhHow many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Consider the following pairs related to the Employees Deposit Linked Insurance (EDLI) Scheme:1. EDLI Scheme Launch Year - 19762. Maximum Assured Benefit - Rs 10 lakh3. Employer Contribution Rate - 0.5% of employee's monthly wages4. Minimum Assurance Benefit for continuous employment of 12 months - Rs 2.5 lakhHow many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Consider the following pairs related to the Employees Deposit Linked Insurance (EDLI) Scheme:1. EDLI Scheme Launch Year - 19762. Maximum Assured Benefit - Rs 10 lakh3. Employer Contribution Rate - 0.5% of employee's monthly wages4. Minimum Assurance Benefit for continuous employment of 12 months - Rs 2.5 lakhHow many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following pairs related to the Employees Deposit Linked Insurance (EDLI) Scheme:1. EDLI Scheme Launch Year - 19762. Maximum Assured Benefit - Rs 10 lakh3. Employer Contribution Rate - 0.5% of employee's monthly wages4. Minimum Assurance Benefit for continuous employment of 12 months - Rs 2.5 lakhHow many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.
Explore Courses for UPSC exam

Top Courses for UPSC

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev