Tag: economics

Quizzes (361) Questions (3598)

Questions Related to economics

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

Structural unemployment results due to____.

  1. change caused by the introduction of new machines, labour saving devices and improvement in method of production

  2. change caused by recessionary and depressionary phases of the economy

  3. change caused by high population growth, primitive state of technology, low capital formation and vicious circle of poverty etc.

  4. change caused by a decline in demand for production in particular industry and consequent disinvestment and reduction in its manpower requirement
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Structural unemployment is caused by a decline in demand for a specific industry's products, leading to disinvestment and a permanent reduction in the need for labor in that sector.

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

When there is a decline in demand for production in a particular industry, it leads to ______ unemployment.

  1. structural

  2. frictional

  3. casual

  4. seasonal
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

When demand for a product falls, the industry shrinks, leading to structural unemployment as workers in that industry are no longer needed.

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

When manual effort is replaced by mechanical effort and thereby workers are rendered jobless, it is called as ______ unemployment.

  1. frictional

  2. structural

  3. technological

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

Technological unemployment occurs when machines or new technologies replace manual labor, rendering those workers jobless because their skills are no longer required.

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

Cyclical unemployment is a ______ phenomenon.

  1. permanet

  2. temporary

  3. long-term

  4. none of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Cyclical unemployment is tied to business cycles - it rises during recessions and falls during expansions. Since economies move through cycles, this unemployment is temporary, not permanent or long-term. It disappears when the economy recovers.

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

Technological unemployment is caused by____.

  1. introduction of new machinery

  2. improvement in method of production

  3. use of labour-saving devices

  4. all of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Technological unemployment is caused by any advancement that reduces the need for human labor, including new machinery, better production methods, or labor-saving devices.

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

When there is an unemployment attributed to recession, it is called as ______ unemployment.

  1. cyclical

  2. structural

  3. technological

  4. seasonal
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Cyclical unemployment is directly linked to the business cycle, specifically the contractionary phase known as a recession. When aggregate demand drops, firms reduce production and lay off workers.

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

Structural unemployment is due to____.

  1. inflationary condition

  2. heavy industry bias

  3. shortage of raw materials

  4. inadequate productive capacity
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Structural unemployment occurs when there is a fundamental mismatch between the skills of the labor force and the requirements of the economy. A heavy industry bias often leads to this when the economy shifts away from those sectors.

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

During the recessionary phase of Trade Cycle____.

  1. aggregate demand falls

  2. there is disinvestment, decline in production

  3. there is unemployment

  4. all of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

During a recession, aggregate demand falls, which leads to reduced production, disinvestment, and consequently, higher levels of unemployment.

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

Cyclical unemployment can be overcome by____.

  1. increasing total expenditure and pushing up effective demand

  2. easy-money policy

  3. deficit financing

  4. all of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Cyclical unemployment is caused by a lack of aggregate demand. Governments and central banks use expansionary fiscal policies (like deficit financing) and monetary policies (like easy-money policy) to stimulate demand and reduce this unemployment.

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

When workers tend to be replaced by machines and technological improvements, it is known as____.

  1. industrial unemployment

  2. technological unemployment

  3. chronic unemployment

  4. seasonal unemployment
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Technological unemployment occurs when advancements in technology or the introduction of labor-saving machinery replace human workers in the production process.