Correct Answer: Correct answer is: (D) All of the above.
Exam Relevance: UPSC, SSC, MBA entrance exams
Difficulty: Moderate
Concept notes: The Tata Steel company introduced several employee benefits in 1920, including leave with pay, provident fund, and workman accident compensation.
Common Mistakes: Students may mistakenly believe that only one of the benefits was introduced, rather than all three.
Explanations: In 1920, the Tata Steel company introduced multiple benefits to its employees. These included leave with pay, which allowed workers to take time off with compensation. The provident fund was also introduced, providing a savings scheme for employees. Additionally, workman accident compensation was introduced to provide financial support in case of work-related accidents. Therefore, all of the above benefits were introduced by Tata Steel in 1920.
Option Analysis: - Option A: Leave with Pay was one of the benefits introduced.
- Option B: Provident Fund was one of the benefits introduced.
- Option C: Workman Accident Compensation was one of the benefits introduced.
- Option D: All of the above benefits were introduced by Tata Steel in 1920.
Mnemonic: TATA: T - Time off, A - Accident compensation, T - Trust fund, A - All benefits.