Which of the following statements are true/false in context of the Employee's Provident Fund and Miscellaneous Provisions Act, 1952?
1. Pension Fund means the Employee's Pension Fund established under Sub-section (2) of Section 6A and is defined under Section 2(ka) of the Act.
2. Contribution means a contribution payable in respect of a member under a scheme and is defined under Section 2(b) of the Act.
3. Every establishment which is a factory engaged in any industry specified in Schedule I and in which twenty or more persons are employed.
4. Insurance fund means the deposit-linked insurance fund established under Section 6A.

A. 1, 2, 3 and 4 are true

B. 1, 3 are true and 2, 4 are false

C. 2, 4 are true and 1, 3 are false

D. 3, 4 are true and 2, 1 are false

Answer: Option B