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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
The National Pension Scheme seeks to provide old-age security to the citizens.
NPS stands for ______.
Social security implies measures to protect workers against distress caused by ______.
What is a Provident Fund Scheme?
Briefly explain the term Pension?
What do you mean by group life insurance?
Distinguish between gratuity and provident fund.
Mention any two ways by which employees get social security.
Mention any two advantages of group life insurance to employees.
State any three features of Group Insurance.
