Employment Growth Informational and other Issues test

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Employment Growth Informational and other Issues test - 29

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Weekly Quiz Competition

Question 1
1 / -0

The primary aim of 'Mahatma Gandhi National Rural Employment Guarantee Programme' does not include which of the following?

A
Lift the household above the poverty line.

B
Provide self employment opportunities to households living below the line of poverty.

C
Create and set up "rural productive assets.'

D
Transform rural area into urban areas.
Question 2
1 / -0

The equilibrium below full employment level is termed as _____________.

A
underemployment equilibrium

B
over employment equilibrium

C
aggregate disequilibrium

D
none of the above

Solution

When the aggregate spending is not sufficient to produce an adequate level of output which requires full employment of available resources then it means aggregate demand is less than aggregate supply, then the planned inventory rises above the desired level. To clear the unwanted increase in inventory, firms plan to reduce the output which reduces the employment in the economy and results in AD=AS. This equilibrium point is below the full employment level of equilibrium which is called underemployment equilibrium.
Question 3
1 / -0

When the aggregate spending is not sufficient to produce that level of output which requires full employment of the available resources, it results in ______________.

A
inflation

B
unemployment

C
social problems

D
none of the above

Solution

When the aggregate spending is not sufficient to produce an adequate level of output which requires full employment of available resources then it means aggregate demand is less than aggregate supply, then the planned inventory rises above the desired level. To clear the unwanted increase in inventory, firms plan to reduce the output which reduces the employment in the economy.
Question 4
1 / -0

Key principle functions that trade unions perform include:

A
Regulation of relations

B
Settlement of grievances

C
Raising new demands on behalf of workers

D
All of the above

Solution

Trade unions are organizations formed by workers from related fields that work for the common interest of its members. Trade union is established for the specific purpose of advancing and protecting the interests of its members or workers in their working relationship. Key principle functions that trade unions perform include:
a) Regulation of relations
b) Settlement of grievances
c) Raising new demands on behalf of workers
Question 5
1 / -0

India's social security schemes cover the following types of social insurances as ______.

A
Pension

B
Health Insurance and Medical Benefit

C
Gratuity

D
All of the above

Solution

India's social security schemes cover the following types of social insurances as:
a) Pension
b) Health Insurance and Medical Benefit
c) Gratuity
Social security refers to protection provided by the society to its members against providential mishaps over which a person has no control. Social security schemes are only available to the the employees of the organized sector of India.
Question 6
1 / -0

The largest proportion of work force in India is engaged in the _____________.

A
external sector

B
primary sector

C
secondary sector

D
tertiary sector

Solution

The largest proportion of work force in India is engaged in the primary sector. This sector employs 50-60% of the population. Primary sector consists of agriculture. It is also known as raw material sector. Agriculture, crop production, animal husbandry, fisheries and mining- all are included in primary sector.
Question 7
1 / -0

On which of the following grounds, an office bearer or executive of the trade union be disqualified?
A. Has been convicted by the court of any offence involving moral turpitude
B. Has not attained the age of 18 years
C. Is not working with any establishment

A
A, B and C

B
A & C

C
B & C

D
A & B

Solution

On the following grounds, an office bearer or executive of the trade union be disqualified:
A. Has been convicted by the court of any offence involving moral turpitude
B. Has not attained the age of 18 years
A person has to be 18 years of age for being a office bearer and he/she must not be convicted by the court of any offence.
Question 8
1 / -0

Frictional unemployment rate of ________ is consistent with full employment level, as per the experience of developed countries.

A
3 to 4%

B
5 to 8%

C
upto 2%

D
10 to 15%

Solution

Frictional unemployment is an unemployment situation where people are not unemployed owing to not getting any job but they are unemployed because they are searching for a new job or they are getting transferred from one employment to the other. Frictional unemployment remains consistent with full employment if it is at a rate of 3-4% of the full employment.
Hence, option A is correct.
Question 9
1 / -0

Under which of the following situations may a union refuse to admit a person or expel a member?

A
Because of their current state of health.

B
Because of misconduct.

C
Because they do not feel that they are a suitable member.

D
Because of their financial means.

Solution

Because of misconduct a union refuse to admit a person or expel a member. A union has the right to refuse to admit or expel a member if that person does not maintain a proper conduct.
Question 10
1 / -0

Excessive aggregate spending leads to full employment level of output accompanied with ____________.

A
lower income level

B
poverty

C
inflation

D
none of the above

Solution

When the aggregate spending is excessive then it leads to output which has full employment of available resources then it means aggregate demand is more than aggregate supply, then the planned inventory would fall below the desired level. To bring back the Inventory at the desired level, the producers expand the output but due to full employment of the available resources the output remains the same which leads to inflation in the economy.

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Re-Attempt Weekly Quiz Competition

Employment Growth Informational and other Issues test - 29

Result

Employment Growth Informational and other Issues test - 29

Score

-

Rank

-

SHARING IS CARING

Question 1

Lift the household above the poverty line.

Provide self employment opportunities to households living below the line of poverty.

Create and set up "rural productive assets.'

Transform rural area into urban areas.

Question 2

underemployment equilibrium

over employment equilibrium

aggregate disequilibrium

none of the above

Solution

Question 3

inflation

unemployment

social problems

none of the above

Solution

Question 4

Regulation of relations

Settlement of grievances

Raising new demands on behalf of workers

All of the above

Solution

Question 5

Pension

Health Insurance and Medical Benefit

Gratuity

All of the above

Solution

Question 6

external sector

primary sector

secondary sector

tertiary sector

Solution

Question 7

A, B and C

A & C

B & C

A & B

Solution

Question 8

3 to 4%

5 to 8%

upto 2%

10 to 15%

Solution

Question 9

Because of their current state of health.

Because of misconduct.

Because they do not feel that they are a suitable member.

Because of their financial means.

Solution

Question 10

lower income level

poverty

inflation

none of the above

Solution

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