Multiple Choice Question (MCQ)
Question: Finding a solution to any problem is known as _____skill.
A.
Over thinking
B.
Critical thinking
C.
Decision-making
D.
Problem solving
Correct Answer: Problem solving
Explanation
As per the EPF Act, 1962, the minimum percentage of employee's contribution from basic salary is 12%. This means that the employee needs to contribute a minimum of 12% of their basic salary towards the EPF. Employers also need to contribute a matching 12% of the employee's basic salary towards the EPF.