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Employment Growth Informational and other Issues test - 7

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Employment Growth Informational and other Issues test - 7
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Weekly Quiz Competition
  • Question 1
    1 / -0
    Use the figure given to answer Questions.
    Point N shows

  • Question 2
    1 / -0
    Voluntary unemployment refers to ___________.
    Solution
    Voluntary unemployment is a class of unemployment where the workforce refuses to work in spite of suitable work pay and benefits.
  • Question 3
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    In terms of GDP the share of tertiary sector in 2003 is _________.
    Solution
    In term of GDP, this sector emerged as the largest producing sector in India in 2003, surpassing the primary and secondary sectors. In 1973 the share of the tertiary sector in GDP was about 35%, which increased to more than 50% in 2003. Over the thirty years between 1973 and 2003.
  • Question 4
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    The main reasons for growing unemployment is____.
  • Question 5
    1 / -0
    The base period should be ________ period.
    Solution
    Base period is also known as reference period. It refers to the reference point which is usually taken to measure any economical and financial data with other periods. Thus, the base period should be a normal period.
  • Question 6
    1 / -0
    Which of the following is the condition of underemployment?
    Solution
    Underemployment may be defined as “a situation in which the person is capable of working both physically and mentally at the existing wage rate, but does not get a job to work”. Open underemployment is a situation wherein a large section of the labour force does not get a job that may yield them regular income. 
  • Question 7
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    Which of the following sector contributes the most towards the GDP in India?
    Solution
    The tertiary sector is the service industry. Activities associated with this sector include retail and wholesale sales, transportation and distribution, entertainment (movies, television, radio, music, theater, etc.), restaurants, clerical services, media, tourism, insurance, banking, healthcare, and law.
    In most developed and developing countries, a growing proportion of workers is devoted to the tertiary sector.
  • Question 8
    1 / -0
    This economist termed continuous exploitation of economic resources as "Economic drain".
    Solution
    Dadabhai Naoroji explained continuous exploitation of economic resources as 'Economic drain". The drain he declared was the basic cause of India's poverty and the fundamental evil of British rule in India.
  • Question 9
    1 / -0
    Sir Charles Wood's Despatch on Educational reform led to the establishment of first three universities in India.they were established during the year _____________.
    Solution
    In 1854 , Sir Charles Wood in his Despatch on Educational Reforms led to the establishment of first three universities in India at Bombay , Calcutta and Madras.
  • Question 10
    1 / -0
    When was the "Mahatma Gandhi National Rural Employment Guarantee Act" passed?
    Solution
    The National Rural Employment Guarantee Act (NREGA) implemented by the Government during the year 2005, is an illustrious programme that reaches the nucleus of the indispensable requisites of the poor and augments to their dire needs by creating and providing employment even for the elders of the family. The hand-to-mouth existence is thus eradicated, paving way for an enhanced future.
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