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Banking Exam Question - Write Short Notes about 1) Capital Reserve, 2) Compensation Fund & 3) Staff Welfare Fund




Introduction 
1) Capital Reserve: Fund, funded by the Fund Fund, is called the Capital Fund. It is found to include the profit invested from the organization, the profit from the revenues, etc. A capital reserve is a kind of record on a district's or organization's asset report that is saved for long haul capital venture ventures or other extensive and expected costs that will be brought about later on. 

2) Compensation Fund: The loss to any bank and financial institution is called a compensatory fund for the fund established to provide compensation to the workers and workers. The profit earned by the organization has been made to raise the compensation fund. To provide for compensation for disablement caused by word related wounds or infections maintained or shrunk by workers over the span of their business, or for death coming about because of such wounds or sicknesses; and to accommodate matters associated therewith. 

3) Staff Welfare Fund: The fund, which is raised from the profit earned by the entities for the welfare of the employee and the good, is called the Employee Welfare Fund. The amount of this fund is spent for training, development, and other business activities. Staff welfare fund Limited help is accessible from this Fund as a credit or allow to meet squeezing money related commitments. In conditions of extraordinary need, individuals from staff or their reliant families, or the guardians, dowagers or offspring of expired individuals from staff may apply for help.

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