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

• A. EPF is an efficiently managed organisation about which no one knows correctly.
• B. EPF is an inefficient organisation.
• C. EPF Organisation takes care of future fund requirements of investors adequately.
• D. EPF Organisatioin does not have enough funds to take care of secure future.

Answer 1

Answer: (B)

EPF is an inefficient organisation.

Answer 2

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