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Labour & Social Security Law › Social Security (EPF/ESI)

Questions (48)

Q23EPFO2015

Which of the following are the typical differences between the private insurance programmes and the social insurance programmes ?

  1. Adequacy versus Equity
  2. Voluntary versus Mandatory Participation
  3. Contractual versus Statutory Rights
  4. Funding

Select the correct answer using the codes given below :

  1. A 1, 2 and 3 only
  2. B 1, 2 and 4 only
  3. C 3 and 4 only
  4. D 1, 2, 3 and 4 ✓
✓ Correct answer: (D)
Labour & Social Security Law › Social Security (EPF/ESI)
Q44EPFO2015

What are the disadvantages of Provident Fund Scheme ?

  1. Money is inadequate for risks occurring early in working life
  2. Inflation erodes the real value of savings
  3. It generates forced saving that can be used to finance national development plans

Select the correct answer using the codes given below :

  1. A 1 and 2 only ✓
  2. B 1 and 3 only
  3. C 2 and 3 only
  4. D 1, 2 and 3
✓ Correct answer: (A)
Labour & Social Security Law › Social Security (EPF/ESI)
Q92EPFO2015

Which of the following are the instruments of providing social security in India ?

  1. Income Tax
  2. Employees' Provident Fund
  3. General Sales Tax
  4. LIC
  5. National Pension Scheme
  6. Postal Provident Fund

Select the correct answer using the codes given below :

  1. A 1, 2, 3 and 4
  2. B 2, 3, 4 and 5
  3. C 2, 4, 5 and 6 ✓
  4. D 3, 4, 5 and 6
✓ Correct answer: (C)
Labour & Social Security Law › Social Security (EPF/ESI)

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