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CBSE Questions for Class 12 Commerce Economics Employment: Growth,Informalisation And Other Issues Quiz 7 - MCQExams.com
CBSE
Class 12 Commerce Economics
Employment: Growth,Informalisation And Other Issues
Quiz 7
When some people in a society are unwilling to work at the prevailling wage rate and these are people who have income from property or some other sources and need not work, such people are____.
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0%
casually unemployed
0%
chronically unemployed
0%
voluntarily enemployed
0%
disguisedly unemployed
Explanation
Voluntarily unemployed is a situation when a person is unemployed because he is not willing to work at the existing wage rate.
Hence when some people in a society are unwilling to work at the prevailing wage rate and these are people who have income from property or some other sources and need not work, such people are voluntarily enemployed.
Hence option c is the correct option.
When work is suspended due to strikes on lockouts, it is a case of ______ unemployment.
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0%
voluntary
0%
frictional
0%
casual
0%
disguised
Explanation
When work is suspended due to strikes on lockouts, it is a case of frictional unemployment.
The frictional nature of unemployment relates to the time lag between a worker moving from one job to the next.
Hence option B is the correct option.
Industrial Sector contributes about _________ to the country's GDP.
Report Question
0%
nil
0%
100%
0%
50%
0%
31%
Explanation
Industrial Sector contributes about 31% to the country's GDP. Industrial sector is also known as secondary sector. Production of finished products is a part of secondary sector's activities.
Which one is not a right of a recognized union?
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0%
A right of Check-off
0%
To use notice board on the premises of the undertaking
0%
To appear on behalf of the union on domestic inquiry
0%
Inspecting the undertaking
Explanation
A right of check-off is not a right of a recognized union. Check-off can be referred as the process of deduction of union dues from the pay-check of theemployer. Therefore, a right of check-off cannot be considered as a right of a recognized union.
Which of the following statements is correct?
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0%
The service sector contributes more than half of the GDP of India.
0%
The scope of attracting tourists is limited as there is hardly any place of tourist attraction in India.
0%
Generally as an economy grows first service sector grows and then agriculture and industrial sectors grow.
0%
None of the above.
Explanation
The correct statement is that service sector contributes more than half (exactly
55.7
% in
2011
−
12
)
of the GDP of India. While, India has many tourist attractions and economic growth leads to growth of agricultural sector followed by industrial sector and then the service sector.
When some workers are temporarily out of work while changing jobs, it is a case of ______ unemployment.
Report Question
0%
Voluntary
0%
frictional
0%
Casual
0%
Disguised
Explanation
Frictional unemployment is a type of unemployment that arises when workers are searching for new jobs or are transitioning from one job to another. It is part of
natural unemployment and hence is present even when the economy is considered at full employment. Hence, correct answer is option B.
______ means people are unwilling to work at prevailing wage rate.
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0%
Voluntary Unemployment
0%
Involuntary Unemployment
0%
Chromic Unemployment
0%
Chronic Unemployment
____________ unemployment refers to a situation where some workers are temporarily out of work while changing jobs.
Report Question
0%
Cyclical.
0%
Voluntary.
0%
Frictional.
0%
Seasonal.
Explanation
Frictional unemployment refers to a situation where some workers are temporarily unemployed while changing jobs.
Frictional unemployment is the result of voluntary employment transitions within an economy. Frictional unemployment naturally occurs, even in a growing, stable economy.
All of the following developments were noticed during $$1991$$(when economic reforms were enforced), except _________.
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0%
national debt was nearly $$60$$ per cent of the GNP of India
0%
inflation crossed double digits
0%
foreign reserves were maintained at a very high level
0%
none of the above
Explanation
When economic reforms were enforced foreign reserves available were just sufficient to finance imports of three weeks.
___________ measure estimates the number of persons who may be said to be chronically unemployed.
Report Question
0%
Usual status
0%
Current weekly status
0%
Current daily status
0%
Current yearly status
Explanation
It captures long-term unemployment in the economy
Usual status tells unemployed person who had no gainful work for a major time during the 365 days preceding the date of survey and are seeking or are available for work.
Hence a is the correct option.
Which of these is a cause for Unemployment in India?
Report Question
0%
Over-Population.
0%
Use of Capital Intensive Technology.
0%
Gaps between Education and Job Requirments.
0%
All of the above.
Explanation
These are the causes of unemployment in India:
1:Growth of population and increase in the labour force.
2:Use of capital intensive technology.
3:Gaps between education and job requirements.
4:Absence of manpower planning.
5:Underdevelopment of the economy.
6:Lack of vocational skills.
Hence d is the correct answer.
_______ unemployment in India is large.
Report Question
0%
Structural
0%
Open
0%
Disguised
0%
Seasonal
The share of tertiary sector in India's GDP in (2011-12) is _____________.
Report Question
0%
Around 46%
0%
Around 42%
0%
Around 74%
0%
None of the above
Explanation
The tertiary sector contributed to about 46.3% of the Indian GDP in the year 2011-2012.
Deficiency in effective demand increases the ______ in the economy.
Report Question
0%
employment
0%
unemployment
0%
inflation
0%
output
Explanation
According to "Keynesian" theory weak demand results in unplanned accumulation of inventories, leading to diminished production and income, and increased unemployment.
Deficiency in effective demand is a desire or want to own goods or services but not backed up by the possible means.
Hence b is the correct answer.
The Occupational structure of India's labour force since 1951 has____.
Report Question
0%
changed significantly
0%
remained more or less static
0%
moved against services and in favour of agriculture
0%
shown trends which cannot be titled in any pattern.
Explanation
During the first half of the present century, occupational distribution of population in India did not report any appreciable change. Agriculture occupied the dominant position and its absorption capacity had increased marginally from correct answer is 66.9 per cent in 1901 to 69.7 per cent in 1951. Hence, correct answer is option B.
When due to introduction of new machinery, some workers tend to be replaced by machines, it is termed as ____________ unemployment.
Report Question
0%
structural
0%
technological
0%
mechanical
0%
seasonal.
Explanation
When due to introduction of new machinery (change in technology) some workers tend to be replaced by machines; their unemployment is termed as Technological unemployment.
___________ measures generally gives the lowest estimate of unemployment.
Report Question
0%
Current weekly status
0%
Usual status
0%
Current daily status
0%
Current monthly status
Economic laws are essentially _________.
Report Question
0%
conditional
0%
unconditional
0%
rigid
0%
neutral
Explanation
It is true that many microeconomic laws may involve many assumptions, which makes the theory valid only under the specific conditions of the model, which tend to over-simplify the situation and as a result may not hold true in the real world (such as perfect competition market structure). However, the broad theories (such as theory of supply and demand for example) are still valid in the real world, it has been proven time and again with empirical data.
The maximum number of people in India work in the ____________.
Report Question
0%
primary sector
0%
secondary sector
0%
tertiary sector
0%
none of the above
Explanation
The maximum number of people in India work in the primary sector. Primary sector employs about 50-60% of the population. This sector also contributes 1/4 th of the total GDP.
Unemployment refers to people __________.
Report Question
0%
who are not willing to work
0%
who are willing but do no get work
0%
who leave their jobs in search of better ones
0%
who have been dismissed because of incorrect practices
Occupational structure refers to ___________.
Report Question
0%
distribution of working force among the different occupations
0%
the nature of different occupations
0%
size of working force in a country
0%
number of people living in a country.
Explanation
Occupational structure refers to distribution of working force among the different occupations. Occupational structure is classified on the basis of the skill level and economic status.
The major causes of unemployment in India can be classified as _________.
Report Question
0%
under development
0%
rapid population growth
0%
defective planning
0%
all of the above.
Almost __________ percent of India's global merchandise trade is carried through the sea route.
Report Question
0%
$$95$$
0%
$$65$$
0%
$$80$$
0%
$$55$$
Explanation
According to the data, in India 95 percent of the merchandise goods are exported to international market through sea route because it involves lesser costs than any other medium of transport to carry bulk of goods.
Employment in small industry sector has been _______.
Report Question
0%
nearly 50% of total industrial employement
0%
one-third of the number of employment offered by modern industries
0%
about 10% of the total industrial employment
0%
only 20% of the total industrial employment
Explanation
Employment in small industry sector has been nearly 50% of total industrial employment. Small industry forms a part of secondary sector of the economy.
Which one of the following is NOT an important import item of India at present?
Report Question
0%
Petroleum oil
0%
Edible oil
0%
Fertilizers
0%
News print
What is one of the future consequences of an increase in the current level of consumption in the India
Report Question
0%
Slower economic growth in the future.
0%
Greater economic growth in the future
0%
No change in our economic growth rate
0%
Greater capital accumulation in the future
Most of the unemployment in India is____.
Report Question
0%
voluntary
0%
structural
0%
frictional
0%
technical
As development of country takes place, share of which sector rises?
Report Question
0%
Primary sector
0%
Secondary sector
0%
Tertiary sector
0%
Both (b) & (c)
Explanation
As the economy grows, the workforce starts shifting from the primary sector to secondary and tertiary sectors of the economy. Hence, the percentage of the population in the secondary and tertiary sectors increased in recent times. Hence, as the development of country takes place, the share of secondary and tertiary sector rises.
The share of Industry Sector to GDP is showing _________ trend.
Report Question
0%
increasing
0%
decreasing
0%
constant
0%
nothing can be said
Explanation
The share of Industry Sector to GDP is showing increasing trend, as the economy is growing. Industry sector is also known as secondary sector of the economy. Secondary sector deals with manufacturing sector, industry sector and the construction activities.
About 70% of the total industrial employment relates to _____________.
Report Question
0%
Large-Scale Industries
0%
Small-Scale Industries
0%
Ancillary Industries
0%
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