Question:

"Time to bust some myths about the EPF Organisation, India's only social security fund manager for non-government workers, though what follows is not published on a regular basis. Active membership is just about 5 percent, and only 17 per cent of the members account for 84 percent of the balances. That's only Rs. 20000 each ! less than 7percent have a deposit amount more than 5 lacs!"
Choose the statement closest to the idea expressed in this paragraph

Updated On: Jul 25, 2024
  • EPF is an efficiently managed organisation about which no one knows correctly.
  • EPF is an inefficient organisation.
  • EPF Organisation takes care of future fund requirements of investors adequately.
  • EPF Organisatioin does not have enough funds to take care of secure future.
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The Correct Option is B

Solution and Explanation

The correct option is (B): EPF is an inefficient organisation.
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