BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In which city, the Employees’ State Insurance scheme was inaugurated by former Prime Minister Pandit Jawahar Lal Nehru?
A
Kanpur
B
Patna
C
Kolkata
D
New Delhi
Explanation: 

Detailed explanation-1: -ESIC scheme was inaugurated in Kanpur on 24th February 1952 (ESIC Day) by then Prime Minister Pandit Jawahar Lal Nehru. The venue was the Brijender Swarup Park, Kanpur and Panditji addressed a 70, 000 strong gathering in Hindi in the presence of Pt.

Detailed explanation-2: -The promulgation of Employees’ State Insurance Act, 1948(ESI Act), by the Parliament was the first major legislation on social Security for workers in independent India.

Detailed explanation-3: -An employee is basically a person who is employed for wages in relevant factories/establishments. Furthermore, there are some additional requirements depending on the nature of the employee’s services. For example, an employee may directly work permanently for the principal employer or may work temporarily on contract.

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