Payment of Bonus Act, 1965

  1. On which date was the bonus act implemented by the government?
    1. 2nd September, 1980
    2. 2nd September, 1965
    3. 1st September, 1965
    4. 3rd September, 1965
  2. The bonus act is the outcome of the recommendation made by the _________.
    1. State government
    2. Central government
    3. Labour Court
    4. Tripartite commission
  3. In which year did the government set up the tripartite commission?
    1. 1951
    2. 1972
    3. 1961
    4. 1965
  4. Which formula was given by labour appellate tribunal for the calculation of bonus?
    1. Full bench formula
    2. Accrual formula
    3. Rounding formula
    4. None of the above
  5. Which of the following statements is not correct as per the Payment of Bonus Act, 1965?
    1. It does not apply to employees in Life Insurance Corporation of India.
    2. Allocable surplus means 67% of the available surplus.
    3. Employee means any person including apprentice.
    4. It is applicable to construction industry.
  6. Payment of Bonus Act, 1965 is applicable to every factory and to every other establishment where _______ workmen are employed on any day during an accounting year
    1. 20 or more
    2. 10 or more
    3. 50 or more
    4. 30 or more
  7. Which section states about the classes of employees where Payment of Bonus Act is not applicable?
    1. Section 16
    2. Section 32
    3. Section 22
    4. Section 30
  8. What is the minimum amount of bonus paid to an employee?
    1. 8.33%
    2. 8.5%
    3. 8%
    4. 8.3%
  9. The maximum amount of bonus to be paid in an accounting year as per section 10 of this act is ____.
    1. 8.33%
    2. 10%
    3. 20%
    4. 15%
  10. Which section deals with the computation of number of working days?
    1. Section 10
    2. Section 11
    3. Section 13
    4. Section 14
  11. The act is not applicable to _______ except those operating in competition with similar other private undertakings.
    1. Public enterprises
    2. Private enterprises
    3. Factories
    4. Banks except RBI and LIC 
  12. As per the act what is the minimum number of days an employee must have worked in an establishment to be eligible for bonus?
    1. 240 working days
    2. 30 working days
    3. 120 working days
    4. 365 working days
  13. On what grounds an employee will be disqualified from getting bonus?
    1. Fraud
    2. Riotous or violent behaviour while on the premises
    3. Theft, misappropriation or sabotage of any property of the establishment
    4. All of the above
  14. Which section in the act deals with the computation of available surplus?
    1. Section 3
    2. Section 3A
    3. Section 5
    4. Section 1
  15. Excess allocable surplus remain after paying the maximum bonus of 20% on the wage or salary of the employee, should be carried forward to the next following year for utilizing the payment of bonus in case of the shortage of the allocable surplus or losses occur. This is called as
    1. Set-On 
    2. Set-Off
    3. Take-On 
    4. Set-Off
  16. When there are no profits or the amount falls short or deficiency for payment of minimum bonus to employees, such deficiency amount should be adjusted to the current accounting year from the Set-On amount which was carried forward in case of excess allocable surplus in the previous year. This is called as
    1. Set-On
    2. Set-Off
    3. Take -On
    4. Take -Off
  17. The payment of bonus should be made within a period of _____ months from the close of the accounting year.
    1. 2 months
    2. 6 months
    3. 8 months
    4. None of the above
  18. The contravention of the provisions of the Act or rules may attracts the punishment of
    1. imprisonment upto 3 months, or fine up to Rs.500, or both
    2. imprisonment upto 2 months, or fine up to Rs.1000, or both
    3. imprisonment upto 6 months, or fine up to Rs.10000, or both
    4. imprisonment upto 6 months, or fine up to Rs.1000, or both
  19. The ceiling on wage or salary for calculation of Bonus under the Payment of Bonus Act 1965 is
    1. Rs. 5,000
    2. Rs. 7,000
    3. Rs. 9,000
    4. Rs. 6,500
  20. Where the salary or wages of an employee exceeds 2500 rupees per month the bonus payable as per section 10 of the act shall be calculated on 2500 rupees per month only.
    1. True
    2. False
  21. Match the following particulars with their respective sections in the Act.
  22. 1. Cognizance of offences ---- a. Section 28
    2. Inspectors ---------------- b. Section 2
    3. Penalty ------------------- c. section 30
    4. Definitions -------------- d. section 27
    1. 1-c, 2-d, 3-a, 4-b
    2. 1-d, 2-c, 3-a, 4-b
    3. 1-b, 2-a, 3-d, 4-c
    4. 1-a, 2-d, 3-b, 4-c


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