Economics · Social Security and Savings Schemes
What are the structural disadvantages associated with the Provident Fund Scheme? 1. Money is inadequate for handling risks that occur early in working life. 2. Inflation erodes the real value of long-term savings. 3. It generates forced savings that can be used to finance national development plans. Select the correct answer using the codes given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3
- 22 and 3 only
- 31 and 3 only
- 41 and 2 only✓
Correct answer
1 and 2 only
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