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1. State true or false.

i. Bonus is an ex - gratia payment.

a. True
b. False
2. Which formula was given by labour appellate tribunal for the calculation of bonus?

a. Full bench formula

b. Accrual formula
c. Rounding formula
d. None of the above
3. In which year did the government set up the tripartite commission?

a. 1951
b. 1972
c. 1961
d. 1965
4. The bonus act is the outcome of the recommendation made by the _________.

a. State government
b. Central government
c. Labour Court
d. Tripartite commission
5. On which date was the bonus act implemented by the government?

a. 2nd September, 1980

b. 2nd September, 1965
c. 1st September, 1965
d. 3rd September, 1965
6. The act is not applicable to _______ except those operating in competition with similar
other private undertakings.

a. Public enterprises
b. Private enterprises
c. Factories
d. Banks except RBI and LIC
7. Which section in the act deals with the computation of available surplus?

a. Section 3
b. Section 3A
c. Section 5
d. Section 1
8. State true or false

i. Under section 32 of income tax act, any amount by way of depreciation admissible in
accordance is deductible from the gross profit calculation.

a. True
b. False
9. Complete the formula used for calculating bonus for basic salary which is more than
3500.
Bonus = _______ * (Bonus Months)* 20%

a. Basic salary
b. Ex gratia
c. 3500
d. 8400
10. As per the act what is the minimum number of days an employee must have worked in
an establishment to be eligible for bonus?

a. 240 working days

b. 30 working days
c. 120 working days
d. 365 working days
11. On what grounds an employee will be disqualified from getting bonus?

a. Fraud

b. Riotous or violent behavior while on the premises

c. Theft, misappropriation or sabotage of any property of the establishment

d. All of the above

12. What is the minimum amount of bonus paid to an employee?

a. 8.33%
b. 8.5%
c. 8%
d. 8.3%
13. The maximum amount of bonus to be paid in an accounting year as per section 10 of this
act is ____.

a. 8.33%
b. 10%
c. 20%
d. 15%
14. State true or false

i. Where the salary or wages of an employee exceeds 2500 rupees per month the bonus
payable as per section 10 of the act shall be calculated on 2500 rupees per month only.

a. True
b. False
15. Which section deals with the computation of number of working days?

a. Section 10
b. Section 11
c. Section 13
d. Section 14
16. State true or false

i. If any employee is found guilty of misconduct causing financial loss to the employer, then
it is lawful for the employer to deduct the amount of loss from the amount of bonus
payable by him to the employee.

a. True
b. False
17. What is the mode of paying bonus to the employee€™s as specified in the act?

a. Cash
b. Cheque
 c. Account transfer
d. In kind
18. The payment of bonus shall be made within ______ from the date on which the award
becomes enforceable or the settlement comes into operation where there is dispute
regarding payment of bonus.

a. 15 days
b. On the day of settlement
c. 1 month
d. None of the above
19. Match the following particulars with their respective sections in the Act.

1. Cognizance of offences ---- a. Section 28

2. Inspectors ---------------- b. Section 2
3. Penalty ------------------- c. section 30
4. Definitions -------------- d. section 27

a. 1-c, 2-d, 3-a, 4-b

b. 1-d, 2-c, 3-a, 4-b
c. 1-b, 2-a, 3-d, 4-c
d. 1-a, 2-d, 3-b, 4-c
20. The payment of bonus should be made within a period of _____ months from the close
of the accounting year.

a. 2 months
b. 6 months
c. 8 months
d. None of the above