Tag: sources of income

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Questions Related to sources of income

Multiple choice social science employment: growth, informalisation and other issues employment - trends and structure workers and employment sources of income

In the industrial sector, the term 'gratuity' is treated as a __________ from the employer to his employees for the services rendered.

  1. Donation

  2. Profit Share

  3. Gift

  4. Salary
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Gratuity is a lump sum payment made by an employer to an employee in recognition of their long-term service, often viewed as a reward or gift for loyalty.

Multiple choice social science employment: growth, informalisation and other issues employment - trends and structure workers and employment sources of income

Rashtriya Swasthya Bima Yojana (RSBY) is a scheme launched by the Ministry of ______________.

  1. Finance

  2. Rural Development

  3. Commerce

  4. Labour
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Rashtriya Swasthya Bima Yojana was implemented on April $1$, $2008$ by the Ministry of Labour, Govt of India. Under the scheme, all workers in unorganised sector in the BPL group and their families will be provided an insurance cover of Rs. $30,000$ per annum per family. The scheme has the provision of smart card to enable beneficiaries for cashless transaction of health care.

$75\%$ of the premium will be contributed by centre and remaining $25\%$ by states. $2$ states and Union Territories initiated the process to implement this scheme.

Multiple choice social science employment: growth, informalisation and other issues employment - trends and structure workers and employment sources of income

Frictional employment takes place when ______________.

  1. there are dynamic changes in the economy

  2. when there is a clash between two types of employment

  3. when there is no change in shifts in demand

  4. when there is no change in technological progress
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Frictional employment/unemployment occurs when people are changing their jobs. When individuals are seeking better job opportunities, shifting from one job to another this happens. When there are sudden boosts or downfalls in the economy this could occur. 

Multiple choice social science employment: growth, informalisation and other issues employment - trends and structure workers and employment sources of income

Contract labour has been increasing in the country in the recent years— select the correct statements related to this fact using the code given below:
1. At present, around one fourth of all registered manufacturing workers are on contract in comparison to just $12$ per cent of late nineties.
2. This is higher in the states with more rigid labour laws.
3. India needs to tame down the instances of regulatory cholesterol.

  1. 1 and 2

  2. 1 only

  3. 3 only

  4. 1, 2 and 3
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

As per experts, slow pace of labour reforms is the main reason behind this incidence. Economic Survey 2015-16 terms it 'regulatory cholesterol'. 

Multiple choice social science employment: growth, informalisation and other issues employment - trends and structure workers and employment sources of income

Which of the following is/are true about the National Rural Employment Guarantee Act?
(A) The Act is now known as Indira Gandhi National Runid Employment Guarantee Act.
(B) The Act is now applicable to all the districts of the country.
(C) Minimum wage fixed under this Act is now Rs 250 per day.

  1. Only A

  2. Only B

  3. Only C

  4. All A, B and C
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Act is now applicable to all districts (B is correct). It is not named after Indira Gandhi (A is false), and the minimum wage varies by state and is not fixed at 250 across the country (C is false).

Multiple choice social science employment: growth, informalisation and other issues employment - trends and structure workers and employment sources of income

A sole objective of GATT set up is _______________________.

  1. <span>&nbsp;to reduce barriers of international trade</span>

  2. to create international peace

  3. to develop underdeveloped/developing countries

  4. to boost Tariff and non-Tariff Trade
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

GATT's main objective was to reduce barriers to international trade through the reduction of tariffs, quotas and subsidies.
 It has since been superseded by the creation of the World Trade Organization (WTO)

Multiple choice social science employment: growth, informalisation and other issues employment - trends and structure workers and employment sources of income

NREGA stands for ____.

  1. National Rural Employment Guarantee Act

  2. National Rural Estates Grant Act

  3. National Rural Education Grant Act

  4. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation
NREGA - National Rural Employment Guarantee Act
Under NREGA (2005), all those who are able to and in need of work are guaranteed 100 days of employment in a year by the government. If the government fails in its duty to provide employment, it will give unemployment allowances to the people.
Multiple choice social science employment: growth, informalisation and other issues employment - trends and structure workers and employment sources of income

Which of the following is not an employment-generating programme of the Government of India?

  1. NREGA

  2. SGRY

  3. DPAP

  4. TRYSEM
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

DPAP is not an employment-generating programme of the Government of India. The full form of DPAP is Drought Prone Areas Programme. It is launched by the Central Government in 1973-74. It is launched to support handle special problems of the drought prone areas.