Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Use of Spreadsheet in Business Applications

Question:

Which of the following is Correctly matched?

Options:

Basic Pay (BP) : It is the pay in the pay scale plus Grade Pay and Special Pay.

Grade Pay (GP) : It is the pay to be added to the Basic Pay and special pay according to the Designation of the employee and applicable pay band or scale of pay.

Dearness Pay (DP) : It is that portion of Dearness Allowance, which has been declared and deemed to have been merged with the Basic Pay.

All of the above

Correct Answer:

Dearness Pay (DP) : It is that portion of Dearness Allowance, which has been declared and deemed to have been merged with the Basic Pay.

Explanation:

Basic Pay (BP) : It is the pay in the pay scale plus Grade Pay, but does not include Special Pay.
Grade Pay (GP) : It is the pay to be added to the Basic Pay according to the Designation of the employee and applicable pay band or scale of pay