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Analyze the information given below, considering one of the following correct options:
Rakesh works in a automobile unit in Gurugram. But he does not get any facility like health insurance, medical leave provident fund, gratuity, etc.
- a)Public sector
- b)Organised sector
- c)Private sector
- d)Unorganised sector
Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
Analyze the information given below, considering one of the following...
Unorganised Sector means an undertaking owned by individuals or self-employed employees engaged in manufacturing or selling products or some form of service and employing less than 10 staff in the business.
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Small and marginal farmers, landless agricultural labourers, share croppers, fishermen, those engaged in animal husbandry, beedi rolling, labelling and packing, building and construction workers etc. are the example of Unorganised Sector.
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Analyze the information given below, considering one of the following...
Unorganised sector
The given information suggests that Rakesh works in an automobile unit in Gurugram but does not receive any facilities like health insurance, medical leave, provident fund, gratuity, etc. Based on this information, it can be concluded that Rakesh is working in the unorganised sector.
Explanation:
1. Definition of the unorganised sector:
The unorganised sector refers to economic activities that are characterized by a lack of formal organization and regulation. It consists of small-scale enterprises or individuals engaged in activities such as street vending, small shops, construction work, etc. Workers in the unorganised sector often face challenges such as low wages, lack of job security, absence of social security benefits, and limited access to basic facilities.
2. Lack of facilities:
The information states that Rakesh does not receive any facilities like health insurance, medical leave, provident fund, gratuity, etc. These are some of the benefits that are typically provided by employers in the organised sector. In the unorganised sector, however, such benefits are often absent or limited. This lack of facilities further supports the conclusion that Rakesh is working in the unorganised sector.
3. Characteristics of the unorganised sector:
The unorganised sector is characterized by the following features:
- Lack of formal organization and regulation
- Small-scale enterprises or individual workers
- Low wages and job insecurity
- Limited access to social security benefits
- Absence of facilities like health insurance, provident fund, etc.
Based on the given information, Rakesh's situation aligns with the characteristics of the unorganised sector. Hence, the correct option is D - unorganised sector.
In conclusion, Rakesh's lack of facilities such as health insurance, medical leave, provident fund, gratuity, etc., indicates that he is working in the unorganised sector. Workers in this sector often face challenges associated with low wages, job insecurity, and limited access to social security benefits.
The given information suggests that Rakesh works in an automobile unit in Gurugram but does not receive any facilities like health insurance, medical leave, provident fund, gratuity, etc. Based on this information, it can be concluded that Rakesh is working in the unorganised sector.
Explanation:
1. Definition of the unorganised sector:
The unorganised sector refers to economic activities that are characterized by a lack of formal organization and regulation. It consists of small-scale enterprises or individuals engaged in activities such as street vending, small shops, construction work, etc. Workers in the unorganised sector often face challenges such as low wages, lack of job security, absence of social security benefits, and limited access to basic facilities.
2. Lack of facilities:
The information states that Rakesh does not receive any facilities like health insurance, medical leave, provident fund, gratuity, etc. These are some of the benefits that are typically provided by employers in the organised sector. In the unorganised sector, however, such benefits are often absent or limited. This lack of facilities further supports the conclusion that Rakesh is working in the unorganised sector.
3. Characteristics of the unorganised sector:
The unorganised sector is characterized by the following features:
- Lack of formal organization and regulation
- Small-scale enterprises or individual workers
- Low wages and job insecurity
- Limited access to social security benefits
- Absence of facilities like health insurance, provident fund, etc.
Based on the given information, Rakesh's situation aligns with the characteristics of the unorganised sector. Hence, the correct option is D - unorganised sector.
In conclusion, Rakesh's lack of facilities such as health insurance, medical leave, provident fund, gratuity, etc., indicates that he is working in the unorganised sector. Workers in this sector often face challenges associated with low wages, job insecurity, and limited access to social security benefits.
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Analyze the information given below, considering one of the following correct options:Rakesh works in a automobile unit in Gurugram. But he does not get any facility like health insurance, medical leave provident fund, gratuity, etc.a)Public sectorb)Organised sectorc)Private sectord)Unorganised sectorCorrect answer is option 'D'. Can you explain this answer?
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