Which of the following statements are correct about unorganised sector 1 Unorganised workers suffer ...........

Economic Affairs Industrial sectors

Which of the following statements are correct about unorganised sector?

1. Unorganised workers suffer from cycles of excessive seasonality of employment.

2. In India, size of unorganised sector is huge compared to developed countries but it is less than organised sector in India.

3. Government has launched Atal Pension Yojana for the unorganised sector.

4. Workers of Unorganised sector suffer because there is no law to govern the unorganised sector in India

Select the correct code:

1 and 3 only

1, 2 and 4 only

1, 2 and 3 only

None of the above

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Explanation:

The Indian economy is characterised by the existence of a vast majority of informal or unorganised labour employment. As per a survey carried out by the National Sample Survey Organisation (NSSO) in 2009–10, the total employment in the country was of 46.5 crore comprising around 2.8 crore in the organised and the remaining 43.7 crore workers in the unorganised sector. Out of these workers in the unorganised sector, there are 24.6 crore workers employed in agricultural sector, about 4.4 crore in construction work and remaining in manufacturing and service.