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 because EPFO operates under the Ministry of Labour and Employment. Statement 2 is incorrect because the EPF Act, 1952 applies to establishments with 20 or more employees, not 50.
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