A
1 only
B
2 only
C
Both 1 and 2
D
Neither 1 nor 2
Correct answer: (a) 1 only
Explanation
Statement 1 is correct as the Union Cabinet approved raising the EPFO wage ceiling from Rs 15,000 to Rs 25,000 per month. Statement 2 is incorrect because the wage ceiling applies to basic pay plus dearness allowance under the EPF & MP Act, 1952, not basic pay alone.
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