Developed countries have made adequate provisions for social security of senior citizens. State insurers (as well as private ones) offer Medicare and pension benefits to people who can no longer earn. In India, with the collapse of the joint family system, the traditional shelter of the elderly has disappeared. And a state faced with a financial crunch is not in a position to provide social security. So it is advisable that the working population give serious thought to building a financial base for itself.
Which one of the following, if it were to happen, weakens the conclusion drawn in the above passage the most?

The investable income of the working population as a proportion of its total income will grow in the future.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

The insurance sector is underdeveloped and trends indicate that it will be extensively privatised in the future.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

India is on a path of development that will take it to a developed country's status with all its positive and negative implications.

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

If the working population builds a stronger financial base, there will be revival of the joint family system.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C
India is on a path of development that will take it to a developed country's status with all its positive and negative implications.

The paragraph speaks about how developed countries has systems set in place to take care of the elderly and laments on the fact that India doesn’t have one in place. It goes on to advise that working population need to be prepared for such needs. A sentence that weakens such an argument will need to prove that the population need not prepare for when they are elderly. Such an answer is given in option (c), which states India is a developing country and in future when it becomes developed, it will provide all benefits. Hence option(c) is the answer

Suggest Corrections

Similar questions

The continuing and increasing reliance on computers represents a serious threat to the privacy of the individual, Recently, we have seen numerous examples of teenage and other “hackers” breaking the security codes of stores and banks and obtaining sensitive financial information about customers.
The argument above depends upon which of the following assumptions?
1. People who obtain sensitive financial information about others will not share it.
2. It is not possible to develop a security system for a computer that cannot be broken.
3. Computers are not more efficient than other systems of record keeping.

Read the following passage and answer the question that follows:

For many years, the World Bank Group has provided crucial support to those developing countries that have sought to reap the benefits of financial development while also minimizing risks to financial stability. This work is becoming even more critical as the world seeks to avoid the devastating effects of future financial crises while utilizing the opportunities of modern financial services to meet the rising aspirations of the poor. This is possible only through efficient financial systems with stakeholders whose incentives are aligned with those of society as a whole. Crowding-in the private sector is crucial not only as an engine of growth in developing countries, but also as a foundation for the kind of market discipline that can prevent excessive risk-taking and put capital in the hands of the entrepreneurs who can invest in the future. The right regulatory and supervisory environment—accompanied by effective financial sector policies—is key to creating a financial system that can attract private capital and align private incentives with the public good.

Q. With reference to the above passage, which of the following statements are correct?

Select the correct answer using the code given below:

1 and 2 only
2 and 3 only
1 and 3 only
1, 2, and 3

Q. Q96. Consider the following statement about the National Social Security Fund:
1. It a support fund for workers of unorganized sector
2. Has been established as per provisions of Unorganized Sector Workers Social Security Act, 2008
3. It used to support social security schemes for various segments of unorganized sector
Which of the above statement(s) is/are correct?

Q. The average life expectancy for the United States population as a whole is 73.9 years, but children born in Hawaii will live an average of 77 years, and those born in Louisiana, 71.7 years. If a newlywed couple from Louisiana were to begin their family in Hawaii, therefore, their children would be expected to live longer than would be the case if the family remained in Louisiana.
Which of the following, if true, would most seriously weaken the conclusion drawn in the passage?

According to a recent study on financial roles, one-third of high school seniors say that they have “significant financial responsibilities.” These responsibilities include, but are not limited to, contributing to food, shelter, or clothing for themselves or their families. At the same time, a second study demonstrates that a crisis in money management exists for high school students. According to this study, 80% of high school seniors have never taken a personal finance class even though the same percentage of seniors has opened bank accounts and one-third of these account holders have bounced a check. Which of the following conclusions can be properly drawn from the statements above?

Join BYJU'S Learning Program