Which of the following is correct regarding social security theory:

1. Social Security is defined by the ILO convention as basic human rights.

2. At present, only 20% of the world population is covered under social security schemes.

3. Lack of social security coverage is mostly concentrated in the informal economies of the developing nations.

Choose the correct option:

1
1, 2 and 3
2
1 and 2
3
2 only
4
2 and 3

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