Question

Unorganized sector are registered with the government. (True/False)

Answer 1

Explanation:

true

unorganised sector connected with government

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Answer 2

Unorganized sector are registered with the government. (True/False)

The answer is :

:— FALSE

Explanation :

• The unorganized sector is not registered with the government.
• The unorganized sector is a sector consisting of small and scattered units, which are outside the control of any government.
• There are no special rules in the unorganized sector, nor do the employees get salary according to any set criteria.
• There is no provision like overtime, paid holidays, sick leave and many other important holidays in the unorganized sector.
• Employment in the unorganized sector is also not secure and permanent. In the unorganized sector, facilities like provident fund etc. are not available like organized sector. Nor are there any facilities like medical benefits, legal benefits, insurance benefits etc.
• The main reason for this is because it is outside the control of the government and is not registered under the rules of the government.

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Capital Adequacy Norms declared in the year, 1996, is applicable to?

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Persons who keeps custody / maintains Accounting Records.

a) The member

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