Which country was the first to introduce old-age benefits?

Which country was the first to introduce old-age benefits?

  • (A) Germany
  • (B) England
  • (C) Switzerland
  • (D) France
Germany was the first to institute a national, state-run old-age social insurance program. This program, initiated by Chancellor Otto von Bismarck in 1889, provided pension benefits to workers over 70 years of age in the industrial sector.
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Related MCQs:

 ‘NATO’ is an abbreviation of:

  • (A) North Atlantic Treaty Organization
  • (B) Non-Aligned Treaty Organization
  • (C) Non-Aligned Trading Organization
  • (D) North American Transport Organization

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