Tag: economics

Questions Related to economics

Difficulties in getting workers and vacancies together leads to ______ unemployment.

economics unemployment in india types of unemployment unemployment and measures to remove employment and unemployment in india - problems and policies

  1. voluntary

  2. frictional

  3. casual

  4. disguised

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Correct Option: B

When marginal output of a worker is zero, it is a case of ______ unemployment.

economics unemployment in india types of unemployment unemployment and measures to remove employment and unemployment in india - problems and policies

  1. open

  2. disguised

  3. chronic

  4. technological

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Correct Option: B

When contribution to the production is almost zero / nil is called ______ unemployment.

economics unemployment in india types of unemployment unemployment and measures to remove employment and unemployment in india - problems and policies

  1. disguised

  2. cyclical

  3. chronic

  4. structural

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Correct Option: A

Unemployment in which some workers are temporarily out of work while changing their job is called _____________.

economics unemployment in india types of unemployment unemployment and measures to remove employment and unemployment in india - problems and policies

  1. seasonal unemployment

  2. cyclical unemployment

  3. frictional unemployment

  4. voluntary unemployment

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Correct Option: C

Unemployment, where marginal product of labour is zero or negative, is called __________________.

economics unemployment in india types of unemployment unemployment and measures to remove employment and unemployment in india - problems and policies

  1. Voluntary unemployment

  2. Technological unemployment

  3. Frictional unemployment

  4. Disguised unemployment

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Correct Option: D

The phenomenon of structural unemployment is _________.

economics unemployment in india types of unemployment unemployment and measures to remove employment and unemployment in india - problems and policies

  1. temporary

  2. chronic

  3. seasonal

  4. cyclical

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Correct Option: B
Explanation:

Structural unemployment is a form of unemployment caused by a mismatch between the skills that workers in the economy can offer, and the skills demanded of workers by employers (also known as the skills gap). Since  it requires either migration or re-training, structural unemployment can be chronic or long-term and slow to fix.

Seasonal unemployment is associated with the________.

economics unemployment in india types of unemployment unemployment and measures to remove employment and unemployment in india - problems and policies

  1. private sector industry

  2. Public sector industry

  3. agriculture sector

  4. transport sector

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Correct Option: C

Disguised unemployment generally exists in __________.

economics unemployment in india types of unemployment unemployment and measures to remove employment and unemployment in india - problems and policies

  1. manufacturing sector

  2. agriculture

  3. small scale industries

  4. urban societies

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Correct Option: B
Explanation:

The term was first coined in $1934$ by Prof Joan Robinson. Disguised unemployment refers to the employment of a person whose marginal productivity is zero, i.e, he does not contribute anything in the production process. If disguised unemployed people are withdrawn from a particular sector and transferred to other sector, the productivity of the sector will remain unaffected. Such a condition exists in majorly in the agricultural sector.

Disguised unemployment refers to the situation when _____________.

economics unemployment in india types of unemployment unemployment and measures to remove employment and unemployment in india - problems and policies

  1. people seems occupied on a full time basis even though the services they render require less than full time

  2. workers are underpaid despite doing full time job

  3. there is a co-existence of unemployment and inflation

  4. the economy experiences under employment equilibrium

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Correct Option: A
Explanation:

Disguised unemployment refers to the employment of a person whose marginal productivity is zero, i.e, he does not contribute anything in the production process. If disguised unemployed people are withdrawn from a particular sector and transferred to other sector, the productivity of the sector will remain unaffected.

When a person is unemployed for a few months in the year owing to seasonal nature of the activity, it is called _____.

economics unemployment in india types of unemployment unemployment and measures to remove employment and unemployment in india - problems and policies

  1. disguised unemployment

  2. open unemployment

  3. seasonal Unemployment

  4. none of the above

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Correct Option: C
Explanation:

In seasonal unemployment, a person is unemployed for a short period. Or, we can say that a person gets employed for a short time. Both statements are correct. For example, hot coffee drinks seller is only employed during the winter season.