What are the disadvantage of Provident Fund Scheme?
1. Money is inadequate for risks occurring early in working life
2. Inflation erodes the real value of savings.
3. It generates forced saving that can be used to finance national development plans.
Select the correct answer using the codes given below:
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3