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Which of the following statements are true/ false?
1. Every employer shall be bound to pay to every employee in respect of the accounting year commencing on any day in the year 1979 and in respect of every subsequent accounting year, a minimum bonus which shall be 9.33% of the salary or wages earned by the employee during the accounting year or one hundred rupees, whichever is higher, whether or not the employer has any allocable surplus in the accounting year.
2. Bonus will be paid in cash to the employees.
3. If the allocable surplus exceeds the amount of minimum bonus payable to the employees, the employer is bound to pay to every employee in respect of that accounting year bonus which shall be an amount in proportion to the salary or wages earned by the employee during the accounting year subject to a maximum of 10% of such salary or wage.
4. Bonus needs to be paid within a period of eight months from the close of the accounting year.
Rithika had Rs 8000. She invested some of it in savings scheme P and the rest ofthe money in savings scheme Q. She invested for 3 years in savings scheme P and for2 years in savings scheme Q. savings scheme P offers SI at a rate of 20% pa whilesavings scheme Q compounded annually at the rate of 30% pa. The interest receivedfrom savings scheme P is 930 more than the interest received from savings scheme Q.If Rs 1500 is debited from the invested amount of savings scheme P then find thedifference between the amount invested by Rithika in savings scheme P & savingsscheme Q.
A person invested Rs.2500 more in scheme B than that in scheme A. Scheme A offers 24% simple rate of interest and scheme B offers 20% annual rate of compound interest. If Interest from scheme A after 4 years is Rs.1080 more than that from scheme B after 3 years, then what is the ratio of amount invested in scheme A to that in scheme B?
Out of the following, which are the schemes of Social Security?
(i) Provident Fund Scheme
(ii) Health Insurance Scheme
(iii) Job Guarantee Scheme
(iv) Maternity Benefit Scheme
(v) Merit Promotion Scheme
(vi) Compulsory and Voluntary Social Insurance Scheme
(vii) Child Insurance Scheme
Consider the following statements related to composite mortar: 1. Addition of lime to cement mortar improves its workability 2. Composite mortar is obtained by adding 10% by weight of cement and mixing with water. 3. Composite mortar is not preferred in tall buildings 4. Mechanical grinding is essential for developing composite mortar. Which of the above statements are true in this case?
Table shows income (in Rs.) recieved by 4 employee of a company during the month of December 2020 and all their income sources. Source Amit Suresh Nitin Varun Salary 35000 38500 29000 42000 Arrears 6000 6300 5000 7500 Bonus 1000 1100 1000 1240 Overtime 1800 1950 1400 1500 By what percent is the bonus of Varun less than the bonus of Amit and Nitin taken together?
The given table shows the salary and bonus paid at company X by designation. What was the total bonus paid? Designation Number of Employees Annual Salary in (lakh Rs.) Bonus as percent of annual salary Manager 2 36 50% Executive 10 12 20% Trainee 4 2 20%
The amount of interest received by Aman after two years in investment scheme B was 50% more than that received from investment scheme A. Scheme A offered an interest rate of 10% compounded annually while scheme B offered 15% p.a. simple interest. What percentage more amount was invested by Aman in scheme B in comparison to in scheme A?
Shashi had a certain amount of money. He invested $$\frac{2}{3}$$ of the total money in scheme A for 6 years and rest of the money he invested in scheme B for 2 years. Scheme A offers simple interest at a rate of 12% p.a. and scheme B offers compound interest ( compound annually) at a rate of 10% p.a. If the total interest obtained from both the schemes is Rs. 2750. What was the total amount invested by him in scheme A and scheme B together ? (Approximate value)
Ramakant invested amounts in two different schemes A and B for five years in the ratio of 5 : 4 respectively. Scheme A offers 8% simple interest and bonus equal to 20% of the amount of interest earned in 5 years on maturity. Scheme B offers 9% simple interest. If the amount invested in scheme A was Rs. 20000, what was the total amount received on maturity from both the schemes?