INDUSTRIAL RELATIONS, TRADE UNIONS AND SOCIAL SECURITY — Commercial Studies STD 10 — Question
ICSE BoardEnglish MediumSTD 10Commercial StudiesINDUSTRIAL RELATIONS, TRADE UNIONS AND SOCIAL SECURITY2 Marks
Question
Mention any two difference between Provident Fund and Pension.
✓
Answer
(i) Both employer and employee contribute every month to a provident fund while only the employer contributes to pension. (ii) Amount of provident fund is paid once in lump sum whereas pension is paid every month.
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