A factory of 30 persons has monthly wage bill of Rs 30000. According to ESI act they will pay for insurance every month ?

Correct Answer: 1425 Rs
Description: Ans. is 'a' i.e., 1425 Rs Finance of ESI scheme The scheme is run by contribution by employees and employers and grants from central and state governments? Employers contribution - 4.75% of total wages bills Employee contribution - 1.75% of total wages bills The state government's share of expenditure on medical care is '/8 of total cost of medical care. Factory will give 4.75% of 30000 (1425 Rs).
Share:

Get More
Subject Mock Tests

Practice with over 200,000 questions from various medical subjects and improve your knowledge.

Attempt a mock test now
Mock Exam

Take an exam with 100 random questions selected from all subjects to test your knowledge.

Coming Soon
Get More
Subject Mock Tests

Try practicing mock tests with over 200,000 questions from various medical subjects.

Attempt a mock test now
Mock Exam

Attempt an exam of 100 questions randomly chosen from all subjects.

Coming Soon
WordPress › Error

There has been a critical error on this website.

Learn more about troubleshooting WordPress.