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Employment Growth Informational and other Issues test - 13

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Employment Growth Informational and other Issues test - 13
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  • Question 1
    1 / -0
    Many people talk about the rollback of stimulus packages provided by the Government to help certain sectors. If these stimulus packages are rolled back, this would mean that:
    (A) those who have availed these benefits would be required to return them to the Govt of India.
    (B) no such incentive would be available henceforth to these sectors.
    (C) all such benefits/incentives would be available to all the people across the country and will not be restricted to some selected few.
    Solution
    Many people talk about the rollback of stimulus packages provided by the Government to help certain sectors. If these stimulus packages are rolled back, this would mean that no such incentive would be available henceforth to these sectors.
  • Question 2
    1 / -0
    Open unemployment refers to people __________.
    Solution
    Open unemployment refers to the unavailability of employment/job opportunities for people who are willing to work. Open unemployment is the basic and most significant measure of unemployment rate in an economy.
  • Question 3
    1 / -0
    Which means deciding the value of the work done by the individual?
  • Question 4
    1 / -0
    Which of the following scheme has NOT been launched to provide any type of employment to beneficiaries?
    Solution
    Mid Day Meal scheme has not been launched to provide any type of employment to beneficiaries. It is launched by the Government of India. It helps to provide nutrition to school going children.
  • Question 5
    1 / -0
    Which of the following statements about agricultural sector in the economy of India is/are correct?
    A) Agricultural growth has reduced poverty of the people locally and, through its external effects, also in many other parts of the country.
    B) Food and nutrition security in the country has increased substantially.
    C) The area of cultivation has increased in recent past as agriculture has become a full-time employment for the people, which was not so a few years back.
    Solution
    Following statements about agricultural sector in the economy of India are correct:
    A) Agricultural growth has reduced poverty of the people locally and, through its external effects, also in many other parts of the country. Agriculture is a part of primary sector of economy since it is the basic occupation.
    B) Food and nutrition security in the country has increased substantially. If the crop production is enough, food and nutrition security of the country can be assured.
  • Question 6
    1 / -0
    Which one of the following is unemployment rate?
    Solution
    Unemployment means the percentage of total work force which is unemployed and is willing to work, thus, looking for a paid job. Unemployment rate is one of the most closely watched statistics because a rising rate is seen as a sign of weakening economy that may call for cut in interest rate.

    Unemployment rate $$=\displaystyle\frac{Unemployed\ workers}{Total\ workforce}$$.
  • Question 7
    1 / -0
    Who among the following can take benefit of the Social Security Fund established by the Government of India for unorganised workers?
    Solution
    Rikshaw Puller can take benefit of the Social Security Fund established by the Government of India for unorganized workers. Rikshaw pullers are the workers of the unorganized sector as they do not have the fixed employment terms. Hence, they can take benefit of the Social Security Fund.
  • Question 8
    1 / -0
    In India, the share of agriculture in GDP has declined at a very fast rate in the recent years. This is due to _____________.
    Solution
    Agriculture growth rate in India has been growing earlier, but in the last few years it is constantly declining. While, since India is a developing economy, the share of other sectors towards GDP has risen in India.
    The reason for decline can be accounted to growing share of other sectors as well as lack of technology, irrigation and energy facilities in the rural areas have led to falling growth in agricultural sector.
  • Question 9
    1 / -0
    Fringe benefits includes ______________.
    Solution

    Fringe benefit, any nonwage payment or benefit (e.g., pension plans, profit-sharing programs, vacation pay, and company-paid life, health, and unemployment insurance programs) granted to employees by employers. It may be required by law, granted unilaterally by employers, or obtained through collective bargaining.

  • Question 10
    1 / -0
    A major financial newspaper while writing about the present status of the economy in India write, "The outlook in the agricultural sector gives room for optimism". What does it really mean ? [Pick up the most appropriate statement(s).]
    A) The agricultural sector, which was not playing any significant role in the Indian economy, is now growing very fast and significantly.
    B) The agricultural sector is not going to play any major role in the economy as its progress is still very slow.
    C) Govt will not require to provide any boost-up package to the agricultural sector as it is likely to be satisfactory this year.
    Solution
    A major financial newspaper while writing about the present status of the economy in India write, "The outlook in the agricultural sector gives room for optimism". It means:The agricultural sector, which was not playing any significant role in the Indian economy, is now growing very fast and significantly. Agricultural sector is a part of the primary sector of the economy.
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