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Employment - Growth, Informalisation Test - 4

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Employment - Growth, Informalisation Test - 4
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Weekly Quiz Competition
  • Question 1
    1 / -0.25

    Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:

    Assertion (A): Casual labourers are most vulnerable in the society.

    Reason (R): Casual labourers don’t have a permanent earning facility and their earning varies a lot. They can even lose their jobs with a slight dip in the economic growth.

    Solution

    Casual labourers are among the most vulnerable in society as they have no job security, no assets, limited skills, sparse opportunities and no surplus to sustain them. Poverty is, therefore, also closely related to nature of employment.

  • Question 2
    1 / -0.25

    Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:

    Assertion (A): Poverty and unemployment are related to each other.

    Reason (R): Unemployment leads to poverty.

    Solution

    When unemployment prevails, people don’t get income. As a result, they are not able to get necessities of life and they become poor. Unemployment gives birth to poverty. Therefore, there is a direct relationship between poverty and unemployment.

  • Question 3
    1 / -0.25

    Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:

    Assertion (A): In rural India, horticulture plays a vital role in providing food and nutrition to the rural population.

    Reason (R): Various horticultural activities in Indian villages have improved the economic conditions of many farmers. Such activities have become a lucrative source of livelihood for many women in the rural India.

    Solution

    Horticulture crops perform a vital role in the Indian economy by generating employment, providing raw material to various food processing industries, and higher farm profitability due to higher production and export earnings from foreign exchange.

  • Question 4
    1 / -0.25

    Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:

    Assertion (A): Physical capital helps in formation of human capital.

    Reason (R): Physical capital is passive in nature.

    Solution

    Human capital helps in formation of physical capital.

  • Question 5
    1 / -0.25

    Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:

    Assertion (A): Indian economy is marching ahead towards progress.

    Reason (R): The contribution of agriculture in national income is declining but the contribution of industries and service sector is increasing continuously. It is an indicator of economic development of Indian Economy.

    Solution

    • 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.

    • The falling public investment in agriculture was mainly because of a large proportion of the resource flows to the agriculture sector going in to current expenditure on subsidies for fertilizers, irrigation, electricity, credit and other agricultural inputs, rather than investment.

  • Question 6
    1 / -0.25

    Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:

    Assertion (A): Meena is a housewife. Besides taking care of household chores, she works in the cloth shop which is owned and operated by her husband. She is considered as self-employed worker.

    Reason (R): Self-employed workers are those who uses their own resources to earn and make a living.

    Solution

    A person who participates in the production process and contributes to GDP formation is referred to as a worker. As here, Meena works in a cloth store to support her husband and contribute to GDP by donating her services, therefore, she can be considered an worker.

  • Question 7
    1 / -0.25

    Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:

    Assertion (A): Investors are reluctant to invest in tidal energy projects.

    Reason (R): Tidal energy has high cost and low running cost. As a result, a tidal power scheme may not give returns for years.

    Solution

    Tidal energy has a high capital cost i.e., installation cost.

  • Question 8
    1 / -0.25

    Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:

    Assertion (A): Sustainable development is the only way that will allow economy to have a proper development.

    Reason (R): Sustainable development is the development in which the economy is developed considering the needs of the future generation.

    Solution

    Dimensions of Sustainable Development

    (i) social development

    (ii) economic development

    (iii) environmental development

    As all three aspects are included in sustainable development, thus sustainable development is the only way that will allow economy to have a proper development.

  • Question 9
    1 / -0.25

    Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:

    Assertion (A): Calorie-based norm is not an adequate measure to identify the poor.

    Reason (R): This method does not differentiate between the very poor and the other poor.

    Solution

    This mechanism takes into account expenditure on food and a few other items as proxy for income. It ignores many other vital factors associated with poverty; for instance, the accessibility to basic education, health care, drinking water and sanitation.

  • Question 10
    1 / -0.25

    Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:

    Assertion (A): It is essential to develop proper storage facilities in rural areas.

    Reason (R): Farmers can wait for better price for their products in the market.

    Solution

    They are forced to sell their crops at very low prices to traders because of the fear of getting damage from fire, rodents or pests due to lack of proper storage facilities.

  • Question 11
    1 / -0.25

    Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:

    Assertion (A): The Prime Minister urged to increase the rural income by increasing non-farm activities.

    Reason (R): Non-farm activities (agro-processing industries, poultry, craft, handloom) provide alternative avenues for sustainable livelihood and may raise the level of income as the risks due to fluctuations in production and market prices is generally less.

    Solution

    Agriculture in India is mainly a seasonal occupation, however, during off seasons, it becomes difficult to find employment and stabilize farmer’s income. Thus, the Prime Minister has urged appropriately in the best interest of the farmers of the rural India.

  • Question 12
    1 / -0.25

    Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:

    Assertion (A): Human Capital Formation gives birth to innovation, invention and technological improvements.

    Reason (R): Investment in education creates ability to adopt newer technologies, facilitates invention and innovation since educated workforce generally adapts to modern technologies and innovation.

    Solution

    Human Capital Formation not only increases the productivity of available human resources but also stimulates innovation and creates ability to adopt new technologies.

  • Question 13
    1 / -0.25

    Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:

    Assertion (A): Less women are found in regular salaried employment.

    Reason (R): Women workers accord highest priority to self-employment because of mobility of female labour work force both in urban as well as in rural areas.

    Solution

    Lesser women are found in regular salaried employment as compared to men because a larger proportion of women are engaged in the economic activities without stable contracts and steady income. The stable contracts and steady income are two features prevalent in the regular salaried employment.

  • Question 14
    1 / -0.25

    Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:

    Assertion (A): Bengaluru in Karnataka is referred to as Silicon Valley of India, as it is the hub of IT based industries.

    Reason (R): Presence of world class communication facilities help it to attract many multinational companies that makes it hub of IT based industries.

    Solution

    Bangalore is also known as the "Silicon Valley of India" because of its role in promoting the IT industry in India. Infosys, ISRO, Infosys, HAl, Wipro and other Indian technology organizations have their headquarters in the city.

  • Question 15
    1 / -0.25

    Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:

    Assertion (A): Medical Tourism is great opportunity for India.

    Reason (R): Indian health services combine the latest medical technologies with qualified professionals and are cheaper for foreigners. By upgrading health services, it can be a great opportunity for India.

    Solution

    Medical tourism is the term commonly used to describe international travel for the purpose of receiving medical care. Medical tourists may pursue medical care abroad for a variety of reasons, such as decreased cost, a recommendation from friends or family, the opportunity to combine medical care with a vacation destination, a preference for care from providers who share the traveler’s culture, or to receive a procedure or therapy not available in their country of residence. Medical tourism is a worldwide, multibillion-dollar market that continues to grow. Surveillance data indicate that millions of US residents travel internationally for medical care each year. Ongoing reports of infections and other adverse events following medical or dental procedures abroad serve as reminders that medical tourism is not without risks.

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