Question

What are the different types of financial benefits given to employees in addition to basic pay?

a.

Dearness allowance

b.

City compensatory allowance

c.

House rent allowance

d.

All of the above

Answer: (d).All of the above Explanation:In addition to basic pay, employees would be entitled to various benefits such as Dearness allowance, City compensatory allowance, House rent allowance, Conveyance allowance, Education allowance for one or two children, Hardship allowance if posted to difficult locations, Machine allowance for working on special equipments, Uniform washing allowance.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What are the different types of financial benefits given to employees in addition to basic pay?

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What is the meaning of scales of pay?

Q. What is the difference between the remuneration of senior executives and other employees in India?

Q. What is the classification method in job evaluation?

Q. Under what conditions may an employee be eligible for a bonus?

Q. What are some examples of individual incentives?

Q. What are some examples of organisation-wide incentives?

Q. What is the purpose of pay scales?

Q. What is the reason for keeping wage rates and increases granted as secret matters?

Q. What is one of the major benefits that individuals seek from their employment?

Q. Which of the following is an example of legally prescribed benefits in the USA?

Q. What is psychological security for employees in the older age group?

Q. What are special pre-retirement counseling programs?

Q. What is the major concern of security benefits in employment?

Q. Which of the following benefits are legally mandatory in the USA?

Q. What is the future trend for employee benefits in older age groups?

Q. What are fringe benefits?

Q. What is the cafeteria type of benefits?

Q. Under the _________ of job evaluation, some key jobs are selected and then the criteria of mental requirements, skill requirement, responsibility and working conditions are identified. Thereafter, the key jobs are ranked according to the criteria chosen.

Q. What is the definition of discipline in an organization?

Q. Which of the following is not a requirement of discipline?

Recommended Subjects

Are you eager to expand your knowledge beyond IC90 Human Resource Management? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!