In the context of Economics what does P stand for in EPF ........

General Studies (MTS) Indian Economy

In the context of Economics, what does P stand for in EPF?

This questions was previously asked in

SSC MTS 12th October 2021 Shift-2

Planning

Profit

Promotion

Provident

- Economic Context: EPF generally refers to the Employees' Provident Fund, which is a retirement benefits scheme for employees.

- Option 1: Planning

- In economic contexts, planning often refers to resource allocation, but not specifically relevant for EPF.

- Used more in broader economic theories or strategic business contexts.

- Option 2: Profit

- Profit is the financial gain after deducting expenses.

- While important in economics, it doesn't relate to EPF.

- Option 3: Promotion

- Usually refers to marketing strategies or career advancement.

- Not closely relevant to provident funds or EPF.

- Option 4: Provident

- Relates directly to savings for employee retirement.

- A system where employees and employers contribute to a savings fund accessible after retirement.

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