SET 113-
Developed countries have made adequate provisions for social security for senior citizens.State
insurers (as well as private ones) offer Medicare and pension benefits to
people who can no longer earn. In India, with the collapse of the joint family
system, the traditional shelter of the elderly has disappeared. And the state
faced with a financial crunch is not in a position to provide social security.
So, it is advisable that the working population give serious thought to
building a financial base for itself. Which one of the following, if it were to
happen, weakens the conclusions drawn in the above passage the most?
1. The investible
income of the working population, as a proportion of its total income, will
grow in the future.
2. The insurance
sector is underdeveloped and trends indicate that it will be extensively
privatized in the future.
3. India is on a
path of development that will take it to a developed country status, with all
its positive and negative implications.
4. If the working
population builds a stronger financial base, there will be a revival of joint
family system.
source: wordpandit. com