The correct answer is option (2)- A-II, B-III, C-IV, D-I.
| List I |
List II |
| A. Car allowance, housing, medical aid etc |
II. Perquisites |
| B. Provident fund, Gratuity |
III. Retirement benefits |
| C. Incentive offered over & above salary |
IV. Bonus |
| D. Basic pay, dearness allowance etc |
I. Pay and Allowances |
- A. Car allowance, housing, medical aid, etc. matches with Perquisites.
Perquisites: In many companies perquisites and fringe benefits are offered such as car allowance, housing, medical aid, and education to the children, etc., over and above the salary. These measures help to provide motivation to the employees/ managers
- B. Provident fund, Gratuity matches with Retirement benefits.
Retirement Benefits: Several retirement benefits such as provident fund, pension, and gratuity provide financial security to employees after their retirement. This acts as an incentive when they are in service in the organisation.
- C. Incentive offered over & above salary matches with Bonus.
Bonus is an incentive offered over and above the wages/ salary to the employees.
- D. Basic pay, dearness allowance, etc. matches with Pay and Allowances.
Pay and allowances: For every employee, salary is the basic monetary incentive. It includes basic pay, dearness allowance and other allowances. Salary system consists of regular increments in the pay every year and enhancement of allowances from time-to-time. In some business organisations, pay hike and increments may be linked to performance. |
