What is the main purpose of the Provident Fund (PF)?

"To provide financial security after retirement" "To fund higher education" "To cover medical expenses" "To finance a new business venture"

Under what circumstances can an individual partially withdraw funds from their PF account before retirement?

"Only in case of unemployment" "For education, marriage, medical emergencies, and home purchase" "Only for medical emergencies" "Only for higher education and marriage"

What percentage of the accumulated PF amount can be withdrawn after one month of unemployment?

"100%" "50%" "75%" "25%"

What is the minimum period of contribution required to withdraw funds for purchasing a residential property?

"5 years" "7 years" "10 years" "2 years"

What is the key benefit of the new EPF withdrawal rules for individuals working in the organized sector?

"Higher interest rates on PF balance" "Tax exemption on all PF withdrawals" "Flexibility to access funds for emergencies" "Guaranteed pension after retirement"

How can an employee update their exit date from their previous employer in the EPF system?

"By contacting their previous employer" "By visiting the EPFO office" "Through the UAN portal" "By submitting a physical application form"

What is the purpose of the EPF grievance handling system?

"To track the status of PF withdrawals" "To file complaints regarding EPFO services" "To apply for a PF loan" "To update personal information in the EPF database"

After how many years of service does the withdrawal of PF funds become exempt from TDS?

"2 years" "3 years" "5 years" "10 years"