Answer questions 44-45 on the basis of information given in the following situation.

Ramesh, the owner of an auto-component manufacturing company in Sanand, had just returned after attending the funeral of his employee, Pankaj Kumar, who had died of cancer at the age of 35. Pankaj was a hardworking and sincere employee with impeccable performance record. Pankaj was the sole bread earner for his family with negligible savings and was survived by his wife and two school going children. His wife will get around 8 lakh rupees accrued to Pankaj as social security benefit.

A large number of employees wanted the organization to employ Pankaj’s wife on compassionate grounds so that she could support her family. Though Ramesh was sympathetic to the demand, he realized that this could set a precedence, where the organization will have to provide jobs for everyone with similar conditions in the future. In fact, only recently, Ramesh had refused a request for a job to the daughter of an employee, who had died a few months before he was to retire.

Question 44

Ramesh formed a committee to look into this matter and the committee came up with the following suggestions:
1. Create a fund to take care of immediate family expenses.
2. Finance the school and college education of his children.
3. Sponsor the vocational education of his wife and subsequently help her find a job.
4. Purchase insurance for all the family members.
5. Request all employees of the organization to contribute towards the welfare of the family.

Which of the following options, from the above suggestions, will be the most sustainable for Pankaj's family?


Suggestion 5 cannot be a part of the correct solution as the employees themselves have requested the organisation for help.

Suggestion 4 is the matter concerning the private life of the employee family.

Suggestion 1 is to set up a precautionary fund covering expected expenditure for all such employees, which may be costly.

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