Schemes and Benefits Eligibility Test
Schemes and Benefits Eligibility Test
Decision Making is the process in which an outcome is derived by evaluating and analyzing the given information. The objective of Decision making is to reach a specific conclusion from the given data or a given set of conditions
Introduction : In this type of questions, you are given the necessary qualifications required to be fulfilled by a candidate for a certain vacancy in job/promotion/facility, along with the bio-data of certain candidates who have applied for the same. You are then required to assess the candidate's eligibility or potential and thereby decide upon the course of action to be taken from among the given alternatives.
Direction : - Study the following information carefully and answer the questions given below :
Following are the conditions for granting advance of Rs. 10 lakhs to the farmers for purchasing tractor, by a Gramin Bank. The farmer must -
In the case of a farmer who satisfies all other criteria except
Mark answer
Question : Pawan Mohanty has obtained a recommendation letter from the Panchayat Pradhan. He has seven acres of cultivable land and can produce collateral of Rs. 8 lakhs. He was born on 4th July, 1955. He doesn't have any outstanding loan from the bank.
We shall mark the conditions fulfilled by "Right" those not fulfilled by "Wrong" and those about which information is not available by '?'.
Solution : (a)
Read the following information carefully and answer the question given below it: A company has following Gratuity (G) and provident Fund (PF) rules : (1) An employee must have completed one year's service to be eligible for either G or PF. (2) An employee resigning or retiring or retrenched after ten years' service gets both G and PF. (3) An employee retrenched or retiring after 5 years but before 10 years' service gets both G and PF, but that resigning during this period gets either G or PF. (4) An employee retrenched or retiring before 5 years' service gets PF but not G; but that resigning during this period gets neither G nor PF. However, (5) in case an employee dies after 2 years' service, his family gets both G and PF. (6) in case an employee was on leave without pay, such period is deducted from his total years of service and then the above rules are applied. (7) in the case of a lady employee, if she has completed 2 years' service, two years are added to her actual service before applying the above rules, as a special consideration. Apply the above rules to the cases described in each of the following questions and decide weather the employee is eligible for G and /or PF. Mr. Dixit resigned from the company after 4 years of service. | |||
| Right Option : D | |||
| View Explanation | |||
Read the following information carefully and answer the question given below it: A company has following Gratuity (G) and provident Fund (PF) rules : (1) An employee must have completed one year's service to be eligible for either G or PF. (2) An employee resigning or retiring or retrenched after ten years' service gets both G and PF. (3) An employee retrenched or retiring after 5 years but before 10 years' service gets both G and PF, but that resigning during this period gets either G or PF. (4) An employee retrenched or retiring before 5 years' service gets PF but not G; but that resigning during this period gets neither G nor PF. However, (5) in case an employee dies after 2 years' service, his family gets both G and PF. (6) in case an employee was on leave without pay, such period is deducted from his total years of service and then the above rules are applied. (7) in the case of a lady employee, if she has completed 2 years' service, two years are added to her actual service before applying the above rules, as a special consideration. Apply the above rules to the cases described in each of the following questions and decide weather the employee is eligible for G and /or PF. Mr. Basu served in the company for seven years and resigned after a prolonged illness of 3 years for which he was on leave without pay. | |||
| Right Option : D | |||
| View Explanation | |||
Read the following information carefully and answer the question given below it: A company has following Gratuity (G) and provident Fund (PF) rules : (1) An employee must have completed one year's service to be eligible for either G or PF. (2) An employee resigning or retiring or retrenched after ten years' service gets both G and PF. (3) An employee retrenched or retiring after 5 years but before 10 years' service gets both G and PF, but that resigning during this period gets either G or PF. (4) An employee retrenched or retiring before 5 years' service gets PF but not G; but that resigning during this period gets neither G nor PF. However, (5) in case an employee dies after 2 years' service, his family gets both G and PF. (6) in case an employee was on leave without pay, such period is deducted from his total years of service and then the above rules are applied. (7) in the case of a lady employee, if she has completed 2 years' service, two years are added to her actual service before applying the above rules, as a special consideration. Apply the above rules to the cases described in each of the following questions and decide weather the employee is eligible for G and /or PF. Mrs. Sharma served the company for four years and resigned. | |||
| Right Option : C | |||
| View Explanation | |||
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