There are two major social security plans in India, the Employees Provident Fund Organization (EPFO) and the Employees State Insurance Corporation (ESIC).

True

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False

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Solution

The correct option is A True
There are two major social security plans in India, the Employees Provident Fund Organization (EPFO) and the Employees State Insurance Corporation (ESIC) Social security refers to protection provided by the society to its members against providential mishaps over which a person has no control. Social security schemes are only available to the the employees of the organized sector of India.

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Similar questions

Q15) EPFO made UAN mandatory for all employers under Employee Provident Fund Act, 1952. Presently, which of the following schemes are in operation under the Act?

1) Employees' Provident Fund Scheme, 1952

2) Employees' Deposit Linked Insurance Scheme, 1976

3) Employees' Pension Scheme, 1995

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