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Rule 59 of KCS Rules deals with

AGratuity

BFluid resources

CReserve fund

DEducation fund

Answer:

A. Gratuity

Read Explanation:

Gratuity under Rule 59: Purpose: Gratuity is a retirement benefit provided to employees as a token of appreciation for their service to the society. It is payable at the time of retirement, resignation, or death of an employee. Eligibility: An employee becomes eligible for gratuity after continuous service of 5 years

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With reference to cooperative societies, consider the following statements:

  1. A cooperative Society is a volantary. association of persons.
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  3. Cooperatives in all states in India are Soley formed under the Co-operative Societies Act, 1912.
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