Which is NOT typically included in social programs?

• A. Investment banking services
• B. Health care
• C. Education
• D. Pensions

Answer: (A)

Social programs are built around providing essential public services and safety nets that support people’s well‑being, often funded through taxes. Health care, education, and pensions are classic examples of these public supports because they aim to ensure everyone has access to basic needs and financial security.

Investment banking services, on the other hand, belong to the private financial sector. They are profit‑driven services used by businesses and individuals to raise capital, manage wealth, or advise on deals. They are not designed as universal public benefits or safety nets, and they aren’t typically funded or provided by the government as part of a social program.

So, investment banking services are not typically included in social programs, while health care, education, and pensions are.