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Which of the following is correct regarding social security theory:
1. Social Security is defined by the ILO convention as basic human rights.
2. At present, only 20% of the world population is covered under social security schemes.
3. Lack of social security coverage is mostly concentrated in the informal economies of the developing nations.
Choose the correct option:
  • a)
    1, 2 and 3
  • b)
    1 and 2
  • c)
    2 only
  • d)
    2 and 3
  • e)
    3 only
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which of the following is correct regarding social security theory:1....
Social Security is defined by ILO convention as basic human rights.
It is also defined in Unite Nations principle instruments.
Thus statement 1 is correct.
At present only 20% of world population is covered under social security schemes.
The statistics varies from country to country like in Sub-Saharan Africa and South Asia the coverage is only 5 to 10 percent while that in industrialized countries the coverage is up to 100 %.
So statement 2 is correct.
Lack of social security coverage is mostly concentrated in the informal economies of the developing nations.
The informal sector is mostly employed by women.
Hence, the correct option is (A).
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Which of the following is correct regarding social security theory:1. Social Security is defined by the ILO convention as basic human rights.2. At present, only 20% of the world population is covered under social security schemes.3. Lack of social security coverage is mostly concentrated in the informal economies of the developing nations.Choose the correct option:a)1, 2 and 3b)1 and 2c)2 onlyd)2 and 3e)3 onlyCorrect answer is option 'A'. Can you explain this answer?
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Which of the following is correct regarding social security theory:1. Social Security is defined by the ILO convention as basic human rights.2. At present, only 20% of the world population is covered under social security schemes.3. Lack of social security coverage is mostly concentrated in the informal economies of the developing nations.Choose the correct option:a)1, 2 and 3b)1 and 2c)2 onlyd)2 and 3e)3 onlyCorrect answer is option 'A'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Which of the following is correct regarding social security theory:1. Social Security is defined by the ILO convention as basic human rights.2. At present, only 20% of the world population is covered under social security schemes.3. Lack of social security coverage is mostly concentrated in the informal economies of the developing nations.Choose the correct option:a)1, 2 and 3b)1 and 2c)2 onlyd)2 and 3e)3 onlyCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is correct regarding social security theory:1. Social Security is defined by the ILO convention as basic human rights.2. At present, only 20% of the world population is covered under social security schemes.3. Lack of social security coverage is mostly concentrated in the informal economies of the developing nations.Choose the correct option:a)1, 2 and 3b)1 and 2c)2 onlyd)2 and 3e)3 onlyCorrect answer is option 'A'. Can you explain this answer?.
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