Employment Growth Informational and other Issues - Online Test
Q1. Which of the following economic activity is not in the tertiary sector?
Answer : Option A
Explaination / Solution:
The tertiary sector consists of industries which provide a service, such as transport and finance etc.
Q2. Unemployment in rural areas can be divided into :
(I) Seasonal Unemployment
(II) Disguised unemployment
(III) Industrial unemployment.
(I) Seasonal Unemployment
(II) Disguised unemployment
(III) Industrial unemployment.
Answer : Option A
Explaination / Solution:
Rural unemployment can be further classified into disguised and seasonal unemployment. Disguised unemployment is a a situation in which the number of workers engaged a job becomes much more than is actually required to complete it. Seasonal unemployment is an elevated level of unemployment that is expected to occur at certain parts of the year.
Q3. Indian agriculture ensures employment for only 7-8 months and for the remaining period labourers remains unemployed. It is called
Answer : Option C
Explaination / Solution:
The Seasonal Unemployment means the demand for a specific kind of work and workers change with the change in the season.
Q4. The number of people who reside in a particular locality at a particular point of time known as
Answer : Option C
Explaination / Solution:
A population is the number of living things that live together in the same place
Q5. Disguised unemployment is
Answer : Option A
Explaination / Solution:
More workers employed on a single piece of work than actually required is called as the disguised unemployment.
Q6. Inflation means
Answer : Option C
Explaination / Solution:
inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.
Q7. An establishment with four hired workers is known as ____ sector establishment
Answer : Option D
Explaination / Solution:
An informal sector is an unorganised sector of the economy. It includes all enterprises that hire less than 10 workers, except farming and self employment ventures. Therefore, an establishment with four hired workers is known as informal sector establishment.
Q8. Long run solution of inflation lies in
Answer : Option A
Explaination / Solution:
Supply side policies aim to increase long term competitiveness and productivity. For example, it was hoped that privatisation and deregulation would make firms more productive and competitive. Therefore, in the long run, supply side policies can help reduce inflationary pressures. However, supply side policies work very much in the long term; they cannot be used to reduce sudden increases in the inflation rate.
Q9. Over the 7 years period from 2004-2005 to 2010-2011 inflation rate has been ____ percent per annum
Answer : Option D
Explaination / Solution:
Inflation is a significant economic indicator for a country. The inflation rate is the rate at which the general rise in the level of prices, goods and services in an economy occurs and how it affects the cost of living of those living in a particular country. It influences the interest rates paid on savings and mortgage rates but also has a bearing on levels of state pensions and benefits received.
Q10. Which of the following is false regarding Disguised unemployment
Answer : Option C
Explaination / Solution:
Disguised unemployment is defined as a situation when marginal productivity of labour is zero or negative.
