Employment Growth Informational and other Issues - Online Test
Q1. Potential labour force of India consists of
Answer : Option C
Explaination / Solution:
Those persons who can produce goods and services constitute the potential labour force.
Q2. Under employment occurs when people
Answer : Option C
Explaination / Solution:
Labor that falls under the underemployment classification includes those workers who are highly skilled but working in low paying jobs, workers who are highly skilled but working in low skill jobs and part-time workers who would prefer to be full time.
Q3. A situation in which there is an overall acceleration in the growth rate of GDP in the economy which is not accompanied by a commensurate expansion in employment opportunities
Answer : Option A
Explaination / Solution:
An economy that is experiencing growth without an expansion of jobs challenges investors, employees and industries to adapt to the new economic order.
Q4. Urban areas of most suffer most from
Answer : Option A
Explaination / Solution:
Open unemployment is a condition in which people have no work to do. They are able to work and are also willing to work but there is no work for them. They are found partly in villages, but very largely in cities.
Q5. Which one of the following sectors is the largest employer in India?
Answer : Option C
Explaination / Solution:
The primary sector of the economy extracts or harvests products from the earth. The primary sector includes the production of raw material and basic foods. Activities associated with the primary sector include agriculture (both subsistence and commercial), mining, forestry, farming, grazing, hunting and gathering, fishing, and quarrying. The packaging and processing of the raw material associated with this sector is also considered to be part of this sector.
Q6. Those people who are hired by others and are paid wages as a reward for their services are called
Answer : Option A
Explaination / Solution:
Labour hire is the term applied (especially in Australia) to provision of outsourced skilled and unskilled blue collar workers hired for short- or long-term positions. It is known by other names such as supplementary staffing, labour supply or temping.The workers, known as contractors, field employees, temps, on-hired employees or even just employees, are employed by the labour hire organisation. They are not employed by the company to whom they provide labour. This is an important distinction for the purposes of Occupational Healthy and Safety purposes, in particular who has legislative responsibility for ensuring a safe working environment.
Q7. Cyclical unemployment refers to
Answer : Option C
Explaination / Solution:
Cyclical unemployment is a factor of overall unemployment that relates to the cyclical trends in growth and production that occur within the business cycle. When business cycles are at their peak,cyclical unemployment will be low because total economic output is being maximized.
Q8. Unemployment arises due to inadequate aggregate demand associated with downswing, recession or depression of trade cycle
Answer : Option C
Explaination / Solution:
Cyclical unemployment is when workers lose their jobs because of downturns in the business cycle. You can tell when the economy contracts by measuring gross domestic product. If the economy contracts for two quarters or more, it's in a recession.
Q9. When a person quits in order to find a second job it may cause temporary unemployment
Answer : Option C
Explaination / Solution:
Frictional unemployment is when workers leave their jobs to find better ones. It's usually a voluntary exit but can also result from a layoff or termination with cause. Friction is the time, effort, and expense it takes the worker to find a new job.
Q10. The immediate solution of reducing unemployment lies in
Answer : Option D
Explaination / Solution:
An increase in the amount, speed, or intensity of investment can be termed as stepping up of investment. This will reduce the rate of unemployment.
