Business Studies

Social insurance involves the establishment of a common monetary fund out of which the benefits are paid.


ANSWER

True


SOLUTION
Social insurance involves the establishment of a common monetary fund out of which the benefits are paid- this is a true statement. 
Social insurance can be defined as compulsory contribution which is to be done to create a fund for social purpose in order to avail some benefits. Benefits are guaranteed as a matter of right.
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TRUE/FALSE Medium Published on 18th 08, 2020
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