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Which statement best explains Social insurance?

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Question ID #26362 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Social Security in India & EPFO Sectional Test 2026 Medium

Which statement best explains Social insurance?

Correct Answer: D. Contributory protection against specified social and economic risks
Social insurance: Contributory protection against specified social and economic risks

Question: Which statement best explains Social insurance?

A. Income or protection provided on qualifying disability under a social-security scheme

B. Defined-contribution retirement savings system regulated under the pension framework

C. Employees' State Insurance Corporation

D. Contributory protection against specified social and economic risks

Correct Answer: D. Contributory protection against specified social and economic risksSocial insurance: Contributory protection against specified social and economic risks

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Which statement best explains Social insurance? - MCQ Explanation

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Correct answer: D. Contributory protection against specified social and economic risks