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Questions
Write a short note on Social Security.
Explain the term social security.
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Solution
Social Security is the protection which society provides for its members through a series of public measures against economic and social distress that would otherwise cause substantial reduction or stoppage in earnings due to sickness, maternity, injury unemployment, old age, death, etc.
Some Social Security schemes in India are Provident fund scheme.
- pension scheme
- maternity benefits
- Group insurance.
RELATED QUESTIONS
When the Principal of a school retires, the vice - principal is given her place. Identify which of the following will be true in this context.
- The vice-principal is being transferred
- The vice-principal will be getting a higher salary
- The vice-principal is getting promoted
- The vice-principal will be getting the same salary but her designation will change
Amount of ______ is paid once in lump sum whereas ______ is paid every month.
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Why is 'Gratuity' given by an employer to an employee?
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Distinguish between social insurance and social assistance
