EPFO APFC 2016 • General Studies • Q.44

EPFO APFC 2016General Studies • Q.44
EPFO APFCGeneral Studies2016 • Q.44
Social SecurityMedium
What are the disadvantages of Provident Fund Scheme?
1
Money is inadequate for risks occurring early in working life.
2
Inflation erodes the real value of savings.
3
It generates forced saving that can be used to finance national development plans.
2016 EPFO APFCGeneral Studies

Syllabus Connection

Employees’ Provident Fund Organization (EPFO) & Functions: EPF Scheme (features & applicability), Employees’ Pension Scheme (EPS - benefits & eligibility), EDLI Scheme (insurance benefits), pension architecture in India. (APFC)

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