Practicing Success
Practicing Success
CUET Preparation Today
The characteristic features of a 'Formal sector' are : (A) It employs ten or more people throughout the year (B) The employees get medical benefits (C) The employees are not ensured safe working conditions (D) The organisation has fixed working hours (E) The employee gets salary raise if the employer likes you Choose the correct answer from the options given below : (1) (A), (B), (D) only (2) (B), (C), (E) only (3) (C), (D), (E) only (4) (B), (C), (D) only |
1 2 3 4 |
1 |
| Economists and others often make a distinction between the organised or formal and unorganised or informal sector. There is a debate over how to define these sectors. According to one definition, the organised sector consists of all units employing ten or more people throughout the year. These have to be registered with the government to ensure that their employees get proper salaries or wages, pension and other benefits. In India, over 90% of the work, whether it is in agriculture, industry or services is in the unorganised or informal sector. |
