MCQ The Payment of Bonus Act

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Test on The Payment of Bonus Act

Ques. A Temporary workman will be entitled to bonus.

(a) Yes

(b) No

Ans. (a)

Ques. A Temporary workman entitled to bonus on the basis of

(a) Total No. of days worked

(b) All working days

(c) No bonus will be allowable

(d) None of the above.

Ans. (a)

Ques. Where any employee dismissed because of Riotous/ Violent behaviour in the premises whether

he is eligible for bonus.

(a) Yes

(b) No

Ans. (b)

Ques. Where an employee dismissed but reinstated with back wages will be entitled to bonus.

(a) Yes

(b) No

Ans. (a)

Related:  Law of Contract Practice Questions

Ques. What is maximum Bonus u/s 11 of the payment of Bonus Act

(a) 20% of wages

(b) 15% of wages

(c) 17.5% of wages

(d) None of the above

Ans. (a)

Ques. While calculating Direct tax payable u/s 7 of the payment of Bonus Act. Which of the following should not be considered?

(a) Exemption under I.T. Act

(b) Deduction under I.T. Act

(c) Loss carried forward

(d) All of the above

Ans. (d)

Ques. In general cases Bonus shall be paid with in

(a) 6 months

(b) 7 months

(c) 8 months

(d) None of these

Ans. (c)

Ques. While calculating Direct tax payable u/s 7 of the payment of Bonus Act which of the following should not be considered?

(a) Profits

(b) Capital gains

(c) Speculation loss

(d) Unabsorbed depreciation

Ans. (d)

Related:  Contract Act Sample Paper

Ques. When Maximum Bonus should be paid?

(a) AS > Min Bonus

(b) AS = Min Bonus

(c) AS < Min Bonus

(d) None of the above

Ans. (a)

Ques. Where any employee committed any fraud in that accounting year. Mention whether he is eligible for Bonus, who has been dismissed from service?

(a) Yes

(b) No

Ans. (b)

Ques. Employees employed under any financial corporation established under state financial corporation Act will not cover under payment of Bonus Act.

(a) Yes

(b) No

Ans. (a)

Question: Bonus shall be paid by employer in cash. If there is any dispute and settlement has been done then employer should pay bonus within

(a) 2 months

(b) 1 month

(c) 3 months

(d) None of these

Ans. (b)

Related:  Transfer of Property Act Question Bank

Ques. An employee of a Seasonal factory will be given minimum bonus if he had not worked for sufficient days

(a) Yes

(b) No

Ans. (b)

Ques. Employees employed under IFCI will not cover under payment of Bonus Act.

(a) Yes

(b) No

Ans. (a)

Ques. Maximum period that can be extended by appropriate Government for payment of Bonus

(a) 1 year

(b) 2 years

(c) 3 years

(d) None of these

Ans. (b)

Ques. Employees of every factory will cover under payment of Bonus Act 1956.

(a) Yes

(b) No.

Ans. (a)

Related: Analytical reasoning questions and answers

Ques. Every other establishment other than factory in which there are more than _____ employees

must be to come under payment of Bonus Act.

(a) 15

(b) 20

(c) 25

(d) 30

Ans. (b)

Ques. Employee of a Seasonal factory will be eligible for bonus.

(a) Yes

(b) No

Ans. (a)

Ques. Gross Profit of an employer in case of banking company will calculated as per ___ under

payment of Bonus Act,

(a) Schedule I

(b) Schedule IV

(c) Schedule III

(d) None of these

Ans. (a)

Ques. Employees employed through contractors on building operations. Will cover under payment of Bonus Act 1956

(a) Yes

(b) No

Ans. (b)

Related: Essentials of Contract of Indemnity Quiz

Ques. For recovery of Bonus due application shall be made with __  from the bonus payable

becomes due

(a) 2 years

(b) 1 year

(c) 3 years

(d) None of these

Ans. (b)

Ques. Employees employed under Seamen as defined in the Merchant Shipping Act, 1958. Will not cover under payment of Bonus Act 1956.

(a) Yes

(b) No

Ans. (a)

Ques. Gross profit of an employer in case of any other company other than banking company will be calculated as per __ under payment of Bonus Act.

(a) Schedule I

(b) Schedule II

(c) Schedule III

(d) None of these

Ans. (b)

Ques. Employees employed under educational institutions they will cover under payment of Bonus Act

(a) Yes

(b) No

Ans. (b)

Related: questions about India

Ques. Bonus can be paid by cheque

(a) Yes

(b) No

Ans. (b)

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