Out of the following, which are the schemes of Social Security ? (i) Provident Fund Scheme (ii) Health…
Social security schemes are statutory or institutional measures designed to protect workers and their families against economic distress caused by sickness, maternity,…
Choose your answer
Out of the following, which are the schemes of Social Security ?
(i) Provident Fund Scheme
(ii) Health Insurance Scheme
(iii) Job Guarantee Scheme
(iv) Maternity Benefit Scheme
(v) Merit Promotion Scheme
(vi) Compulsory and Voluntary Social Insurance Scheme
(vii) Child Insurance Scheme
Answer and explanation
Correct answer A
Social security schemes are statutory or institutional measures designed to protect workers and their families against economic distress caused by sickness, maternity, invalidity, old age, or death. Provident Fund Scheme (i), Health Insurance Scheme (ii), Maternity Benefit Scheme (iv), and Compulsory and Voluntary Social Insurance Scheme (vi) are core social security schemes, whereas job guarantee and merit promotion schemes are employment/HR policies.
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UGC NET Commerce