Vajram-And-Ravi
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MCQ for economy-10

by Vajiram & Ravi

26-08-2023

02:04 PM

1.

Technical progress that increases the effective labour input is known as:

  • A

    Labour augmenting technical progress

  • B

    Capital Augmenting technical progress

  • C

    Capital reducing technological progress

  • D

    None of the Above

2.

Consider the following statements regarding Philips Curve: 

1. It states lower the unemployment in an economy, the higher the rate of inflation.  

2. It states that with economic growth comes inflation, which should lead to more jobs and less unemployment. 

Which of the statements given above is/are not correct? 

  • A

    1 only

  • B

    2 only

  • C

    Both 1 and 2

  • D

    Neither 1 nor 2

3.

Which of the following policies is best suited to tackle the problem of Unemployment in India? 

  • A

    Increasing scale of operations of the labour-intensive industries like food-processing.

  • B

    Increasing the number of casual labourers at the construction sites.

  • C

    Encourage labour-intensive farming system.

  • D

    Make it mandatory for all public and private sector companies to ensure a minimum level of employment generation every year.

4.

A period of Jobless Growth means:

  • A

    Number of jobs is decreasing in the economy.

  • B

    Despite higher GDP growth, employment growth is lower.

  • C

    Growth in GDP is possible only with reduction in jobs.

  • D

    There is lower growth in both GDP and employment.

5.

Consider the following statements with reference to Employment Growth Rate: 

1. It has declined in the Organized Sector of India after 1991. 

2. This decline has been mainly due to sharp fall in employment opportunities being generated in the Public Sector. 

Which of the above statements is/are correct? 

  • A

    1 only

  • B

    2 only

  • C

    Both 1 and 2

  • D

    Neither 1 nor 2

6.

Consider the following statements related to Disguised Unemployment: 

1. It is a problem related to agricultural sector, in general. 

2. It impacts the average income of the household. 

3. Marginal Productivity of the workers facing the problem is zero. 

4. Employing such workers in other economic sector can increase National Income. 

Select the correct answer from the codes given below: 

  • A

    1 and 2 only

  • B

    2 and 4 only

  • C

    1, 3 and 4 only

  • D

    1, 2, 3 and 4

7.

Saurabh was working as a tour manager with a tour and travels company. He loses his job due to cost-cutting exercise by the company during the lockdown under the COVID pandemic. Saurabh is:

  • A

    Seasonally Unemployed

  • B

    Structurally Unemployed

  • C

    Cyclically Unemployed

  • D

    Frictionally Unemployed

8.

In some small scale industries new technology was introduced which replaced women worker and created unemployment among the women. Such type of unemployment is termed as:

 

  • A

    Structural unemployment

  • B

    Disguised unemployment

  • C

    Cyclical unemployment

  • D

    Frictional unemployment

9.

In which type of unemployment do the marginal productivity of the workers is zero?

 

  • A

    Disguised Unemployment

  • B

    Involuntary unemployment

  • C

    Seasonal unemployment

  • D

    Structural Unemployment

10.

Consider the following pairs:

Types of unemployment

Features

1. Structural Unemployment

Changes in technology for production

2. Cyclic Unemployment

Marginal productivity is zero

3. Seasonal Unemployment

Due to COVID induced Economic slowdown.

4. Disguised Unemployment

Off season in work

 

Which of the pairs given above is/are correctly matched?

 

  • A

    Types of unemployment

  • B

    1. Structural Unemployment

  • C

    2. Cyclic Unemployment

  • D

    3. Seasonal Unemployment

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