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Employment Growth Informational and other Issues test - 21

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Employment Growth Informational and other Issues test - 21
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Weekly Quiz Competition
  • Question 1
    1 / -0
    Economic choice and competitive behaviour are the result of ____________.
    Solution
    The problem of scarcity, stems from the basic idea that human wants and needs are unlimited, however the earth only contains a finite amount of resources that can be used to produces goods and services that will fulfill the unlimited wants and needs.  

    Since resources are scarce, the people are forced to make choices about what to produce, how to produce and for whom to produce. Thus there are alternative uses for economic resources and this fuels competition. 
  • Question 2
    1 / -0
    The sector which is enrolled as per the law of the government, and provided fixed wages, facilities within the framework of law is called as ___________ Sector.
    Solution

    The sector which is enrolled as per the law of the government, and provided fixed wages, facilities within the framework of law is called an Organised  Sector.Organized sector in India refers to licensed organizations, that is, those who are registered and pay GST. These include the publicly traded companies, incorporated or formally registered entities etc.
  • Question 3
    1 / -0
    With the emergence of stratified division of labour, ____________ starts in the society.
    Solution
    Division of labour is separation or specialisation of jobs, works or tasks performed by people on the basis of their skills and specialisation. Social stratification is social differentiation where society is divided into groups based on their occupation, income, wealth, status etc. Stratified division of labour attract social inequality as some people specialise in particular task are not given proper resources or their share in society. It lead to alienation and accumulation of wealth and drying of income sources.
  • Question 4
    1 / -0
    The labour sector is divided as ___________ sectors.
    Solution
    Labour market is a place where employee and workers come in direct contact with each other. The labor sector is divides into followings:

    1) Organised sector in India refers to licensed organisations, that is, those who are registered and par GST. These include the publicly traded companies, incorporated or formally registered entities etc.

    2) Unorganized sector, also known as own account enterprises, refers to all unlicensed, self-employed or unregistered economic activity such as owner manned general stores, handicrafts and handloom workers, rural traders, farmers, etc.

    3)  The primary sector is directly concerned with natural resources of the country. Agricultural, forestry, fishing and mining constitute the primary sector.

    4) The Secondary sector consists of the industrial sector, engaged in construction activities and manufacturing of finished goods and tangible products.

    5) The Tertiary sector is intangible in nature, concentrating on the services sector. This sector consists of provision of services such as education, medical, hotel and finance needed by the consumers.

  • Question 5
    1 / -0
    The division of labour is based on ______________.
    Solution
    The division of labour is based on various factors, concerning the kind of labour required for the particular work. There are work that requires physical strength, so in order to efficiently perform the task the labour is divided according to the age and gender. Furthermore, there are variety of work that a skilled person can only perform for e.g., repairing a machine etc., in such a cases the labour is divided according tot he skills of a person regardless of his or her gender.
  • Question 6
    1 / -0
    Localisation in economics refer to ____________-.
  • Question 7
    1 / -0
     ___________ is  the principle  of non-interventionof the Government in economic affairs of the country.
  • Question 8
    1 / -0
    Which of the following occupied the highest place in growth rate during the $$10th$$ Plan period $$2002-2007$$?
    Solution
    Service sector occupied the highest place in growth rate during the 10th plan period 2002-2007. Service sector is also known as tertiary sector. As India is progressing, the share of agricultural sector decreases and the share of service sector increases.
  • Question 9
    1 / -0
    Which of the following type of employment is found in India?
  • Question 10
    1 / -0
    The ___________ sector of work is that sector where legal provisions do not completely govern.
    Solution
    The unorganised sector of work is that sector of work is that sector where legal provisions do not completely govern. Unorganised sector, also known as own account enterprises, refers to all unlicensed, self-employed or unregistered economic activity such as owner manned general stores, handicrafts and handloom workers, rural traders, farmers, etc.
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