poverty & unemployment section 2 Practice Questions Answers Test with Solutions & More Shortcuts
Poverty & Unemployment PRACTICE TEST [4 - EXERCISES]
poverty & unemployment section 1
poverty & unemployment section 2
poverty & unemployment section 3
poverty & unemployment section 4
Question : 16 [UPPCS (Mains) 2009]
When population experts refers to the possible ‘Demographic Bonus’ that may accrue to India around 2016, they are referring to phenomenon of
a) a decline in birth and death rates
b) a well balanced sex ratio
c) a surge in population in productive age group
d) a sharp drop in total population
Answer »Answer: (c)
Question : 17
Disguised unemployment generally means:
- large number of people remain unemployed
- alternative employment is not available
- marginal productivity of labour is zero
- productivity of workers is low
a) 2 only
b) 1 and 4 only
c) 3 and 1 only
d) 3 only
Answer »Answer: (d)
Suppose three people work in farm, produce 200 kg of wheat.
If one of them is removed, still farm produces 200 kg wheat. That is disguised unemployment marginal productivity is zero.
Question : 18
Which one of the following laws/curves stated that the lower the unemployment in an economy, the higher the rate of Inflation?
a) Gibrat’s law
b) Gini’s curve
c) Verdoorn’s law
d) Philips curve
Answer »Answer: (d)
Phillips curve is a historical inverse relationship between the rate of unemployment and the rate of inflation in an economy.
Philip’s curve stated that the lower the unemployment in an economy, the higher the rate of inflation.
Gibrat’s law: It is a rule defined by Gibrat in 1931 stating that the proportional rate of growth of a form is independent of absolute size.
Verdoorn’s law: It is a rule which states that in the long-run productivity generally grows proportionally to the square root of output.
IMPORTANT indian economy mcq EXERCISES
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indian economy MCQ CATEGORIES
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» Introduction to Indian Economy
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» Planning, Economic Development & Five year Plans
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» National Income & Human Development Index
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» Agriculture Sector, Subsidy and Food Processing
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» Industries, Manufacturing & Service Sectors
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» Inclusive growth, Sustainable development and employment
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» Poverty & Unemployment
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» Introduction to Micro Economics
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» Introduction to Macro Economics
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» Macro fundamentals, GDP, Investment, Growth
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» Demand & Supply, Profit Loss, Inflation & Price Index
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» Fiscal Policy, Public Finance and Monetary Policy
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» Money Supply, Banking and Financial Institutions
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» Taxes Types, Methods & Budgeting Process
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» Banking, Security Market & Insurance
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