A- Social security administration act provides an income source for the retired people. It introduced various schemes and benefits for people planning to earn a livelihood after retiring.
It began in the year 1935 and is still in existence because of its correctness and just a few required amendments have been made to this Act ever since 1935.
- The social securities administration was started by the nation way back in 1935 and provided various schemes for retired people enabling them to have enough cash regularly funding their retired life.
- It provided pension schemes for such residents and gave them incentives and subsidies on various services.
- It also promoted making investments in safer assets like gold, FD, Mutual funds and stocks,etc. with which the person can grow with the increase in value of above investments and provided less taxation and higher interest on account deposits.
Hence, option A is correct and provides the eligible people with various benefits and is still in existence after having spent 85+ years.
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