Employment Growth Informational and other Issues test

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Employment Growth Informational and other Issues test - 18

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Weekly Quiz Competition

Question 1
1 / -0

Which of the following is not a cause of unemployment in India?

A
Growing population

B
Lack of employment opportunity

C
Inappropriate education system

D
Liberalisation
Question 2
1 / -0

Select the correct statement:

A
Under diminishing Marginal productivity theory addition of inputs increases total output at a reduced rate.

B
In a Perfect competition MR is downward sloping.

C
Decrease in supply of factor inputs decreases factor prices.

D
In case of a firm in perfect competitive market, the firm earns abnormal profit in the long run.

Solution

Diminishing marginal productivity theory states that while increasing one input and keeping other inputs at the same level may initially increase output, further increases in that input will have a limited effect and will eventually have no effect, or a negative effect, on output.
Question 3
1 / -0

Employment Assurance Scheme aims ________.

A
to provide gainful employment during the lean agricultural season in manual work to all able bodied adults in rural areas who are in need and desirous of work, but cannot find it

B
to provide employment at least 100 days in a year

C
to provide employment to at least one person in a family for 3 months in a year

D
to help in getting jobs to rural educated persons
Question 4
1 / -0

The "law of diminishing returns" applies to _________________.

A
short run, but not long run

B
long run, but not short run

C
both short run and long run

D
neither short run nor long run

Solution

The "Law of diminishing returns" is a part of law of variable proportion which applies to the short run, but not the long run.
Question 5
1 / -0

In which economic system all the means of production are owned and controlled by private individuals for profit.

A
Socialism

B
Capitalism

C
Mixed economy

D
Communism

Solution

A system of economy in which all means of production are owned and controlled by private individuals for the purpose of profit is called capitalist economy. It is a decentralised form of economy where there is no government control.
Question 6
1 / -0

Disguised unemployment is generally found in _____.

A
rural areas

B
urban areas

C
industrial areas

D
metro cities

Solution

Disguised unemployment refers to that form of unemployment that cannot be seen on notice from outside and it remains hidden. In this type of unemployment a persons seems to be employed but real terms if that person is fired there is no change in production capacity. Genereally, this type of unemployment is found in rural areas, particularly in agriculture.
Question 7
1 / -0

Which of these is an economic activity?

A
A father teaching his son at home instead of sending to any coaching centre.

B
A hair dresser doing hair cut on payment.

C
A housewife mending her family cloth on her own.

D
A singer giving a show on his wedding anniversary.

Solution

A hair dresser doing hair cut on payment is an economic activity as by rendering the service to the customer ,the hair dresser earns some money which is added to the national income of the economy as income.
Question 8
1 / -0

Which of these can be an indicator of economic growth for a country?

A
Balance of payment position

B
Increase in government spending on defence

C
increase in labour productivity

D
demographic changes.

Solution

Labour productivity refers to the ability of the workers to produce more goods and services in an economy. Labour productivity can be increased with regular training. Economic growth is a phenomenon where there is an increase in the inflation adjusted market prices of goods and services in an economy.
Question 9
1 / -0

Unemployment is likely to be maximum during;

A
Inflation

B
Depression

C
Economic slow down

D
Flood or other natural calamities
Question 10
1 / -0

In agricultural sector net value added is estimated by _________.

A
income method

B
production method

C
both (A) & (B)

D
survey method

Solution

In agricultural sector net value added is estimated by production method. Net value added is calculated by adding up all outputs and subtracting all intermediate inputs, in agricultural sector. This method of calculation of net value added is known as production method.

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Re-Attempt Weekly Quiz Competition

Employment Growth Informational and other Issues test - 18

Result

Employment Growth Informational and other Issues test - 18

Score

-

Rank

-

SHARING IS CARING

Question 1

Growing population

Lack of employment opportunity

Inappropriate education system

Liberalisation

Question 2

Under diminishing Marginal productivity theory addition of inputs increases total output at a reduced rate.

In a Perfect competition MR is downward sloping.

Decrease in supply of factor inputs decreases factor prices.

In case of a firm in perfect competitive market, the firm earns abnormal profit in the long run.

Solution

Question 3

to provide gainful employment during the lean agricultural season in manual work to all able bodied adults in rural areas who are in need and desirous of work, but cannot find it

to provide employment at least 100 days in a year

to provide employment to at least one person in a family for 3 months in a year

to help in getting jobs to rural educated persons

Question 4

short run, but not long run

long run, but not short run

both short run and long run

neither short run nor long run

Solution

Question 5

Socialism

Capitalism

Mixed economy

Communism

Solution

Question 6

rural areas

urban areas

industrial areas

metro cities

Solution

Question 7

A father teaching his son at home instead of sending to any coaching centre.

A hair dresser doing hair cut on payment.

A housewife mending her family cloth on her own.

A singer giving a show on his wedding anniversary.

Solution

Question 8

Balance of payment position

Increase in government spending on defence

increase in labour productivity

demographic changes.

Solution

Question 9

Inflation

Depression

Economic slow down

Flood or other natural calamities

Question 10

income method

production method

both (A) & (B)

survey method

Solution

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