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  1. Golden Hand Shake scheme is the name of
    1. Retirement Scheme
    2. Voluntary Retirement Scheme
    3. One Rank One Pension Scheme
    4. Private Sector Retirement Scheme
Correct Option: B

The Voluntary Severance Scheme (VSS) is popularly known as Golden Hand Shake. It is a stipulation in an employment agreement which states that the employer will provide a significant severance package if the employee loses their job. A golden handshake is usually provided to top executives for loss of employment through layoffs, firing or even retirement.



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