Answer (Detailed Solution Below)
Option 2 : 1-B, 2-A, 3-D, 4-C
Detailed Solution
Download Solution PDFThe correct answer is - 1 - B, 2 - A, 3 - D, 4 - C
Key Points
- Organised Sector - Jobs with legal protection and benefits
- Employment in the organised sector typically includes jobs in large industries, government organizations, and public enterprises.
- These jobs offer legal protection regarding employment conditions, such as working hours, wages, and other benefits (e.g., healthcare, retirement plans).
- The organised sector is characterized by job security and proper enforcement of labor laws.
- Informal Sector - Jobs without job security or benefits
- The informal sector encompasses employment that is not regulated by the government and lacks legal protection.
- These jobs often do not provide any job security or benefits like health insurance, retirement plans, or paid leave.
- Examples include street vendors, small shop owners, and day laborers.
- Casual Labour - Temporary workers hired on a need basis
- Casual labour refers to workers employed on a temporary or seasonal basis.
- These workers are typically hired as and when needed, often for short-term projects or busy seasons.
- They do not have a consistent income and lack job security.
- Public Sector - Jobs provided by the government
- The public sector refers to government-run organizations and enterprises.
- Employment in the public sector includes government offices, public schools, state-run hospitals, and other public services.
- These jobs are often characterized by stability, benefits, and a chance of serving the public interest.
Additional Information
- Job Security
- Refers to the likelihood that an individual will keep his or her job; jobs in the organised sector and public sector offer higher job security.
- Reduced job security is a characteristic of informal sector jobs, which are more vulnerable to abrupt changes in employment status.
- Employment Benefits
- Benefits include healthcare, retirement plans, paid leave, and other perks offered to employees.
- These benefits are typically provided in the organised and public sectors, while usually absent in informal sector and casual labour roles.
- Temporary Employment
- Involves jobs that offer no long-term guarantee of continued employment, characteristic of casual labour positions.
- Temporary employment is defined by flexible working terms but lacks long-term stability and benefits.