Economics · Economy
Which of the following statements is INCORRECT regarding the Employees' Provident Fund Organisation (EPFO)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1EPFO holds quasi-judicial powers.
- 2The EPF interest rate is reviewed every year by the EPFO Central Board of Trustees.
- 3The employee and the employer generally make equal contributions payable to the EPF account.
- 4The EPF scheme comprehensively covers both organized and unorganized sectors equally.✓
Correct answer
The EPF scheme comprehensively covers both organized and unorganized sectors equally.
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