Which of the following statement is NOT true?
- Technology used in the informal sector is top-notch and highly competitive in the domestic and international markets.
- Proper records and accounts are maintained by the informal sector workers.
- Workers in informal sector get regular income and social security benefits.
Answer & explanation
Correct answer: option 4
The correct answer is Option 4: 1, 2 and 3
All the above statements are false, workers and enterprises in the informal sector do not get regular income; they do not have any protection or regulation from the government. Workers are dismissed without any compensation. Technology used in the informal sector enterprises is outdated; they also do not maintain any accounts.