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Which statement best explains Old-age security?

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Question ID #26366 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Social Security in India & EPFO Sectional Test 2026 Medium

Which statement best explains Old-age security?

Correct Answer: D. Income and support mechanisms intended to protect persons in old age
Old-age security: Income and support mechanisms intended to protect persons in old age

Question: Which statement best explains Old-age security?

A. Non-contributory support generally financed from public revenues for eligible beneficiaries

B. Social insurance system providing specified medical and cash benefits to covered employees

C. Salary measure used according to scheme rules for pension calculation

D. Income and support mechanisms intended to protect persons in old age

Correct Answer: D. Income and support mechanisms intended to protect persons in old ageOld-age security: Income and support mechanisms intended to protect persons in old age

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Which statement best explains Old-age security? - MCQ Explanation

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Correct answer: D. Income and support mechanisms intended to protect persons in old age