Which of the following belong to the formal sector?
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This question was previously asked in
Shift 09/06/2023 3:30 PM - 6:30 PM
Correct Answer
Detailed Explanation
The formal sector typically includes activities that are recognized, regulated, and taxed by the government. Based on the options provided:
(1) Worker in a hotel with 7 hired workers and 3 family members: This might fall under the informal sector due to the involvement of family members and the relatively small scale of the operation.
(2) Owner of a textile shop employing 9 workers: This falls under the informal sector as it involves a registered business with hired employees.
(3) Civil Engineer working in a construction company which has 10 workers: This also falls under the formal sector as it involves employment within a recognized company.
(4) Cycle-rickshaw puller: This falls under the informal sector as it typically involves self-employment or work in unorganized settings.
Therefore, options (3) belong to the formal sector.
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