Economics Quiz: Unemployment, Poverty, and Inequality

What is the unemployment rate?

• Employment rate

• Unemployment Population Ratio

• Labour force rate

• Unemployment rate

How is the labour force defined?

• The population between school-leaving age and retirement age

• Those who could claim benefit if they were to become unemployed

• Anyone who is working or actively seeking work

• Those of workers who are seeking work and are available for work at current wage rate

What is cyclical unemployment?

• Unemployment that results when people become discouraged about their chances of finding a job so that they stop looking for work

• Portion of unemployment that is due to changes in the structure of the economy that results in a significant loss of jobs in certain industries

• Unemployment that occurs during recessions and depressions

• Portion of unemployment that is due to the normal working of the labour market

Which method is used to estimate the poverty line in India?

• Investment method

• Capital method

• Human method

• Income method

Who conducts the periodical sample survey for estimating the poverty line in India?

• Sample Survey Organisation

• None of the above

• National Survey Organisation

• National Sample Survey Organisation

For how many days does MNREGA provide employment?

• 90

• 80

• 70

• 100

What is disguised unemployment?

• Portion of unemployment that is due to the normal working of the labour market

• A situation where marginal product of labour is zero

• Unemployment that occurs during recessions and depressions

• Portion of unemployment that is due to changes in the structure of the economy that results in a significant loss of jobs in certain industries

What is underemployment?

• Portion of unemployment that is due to changes in the structure of the economy that results in a significant loss of jobs in certain industries

• A situation where a person does not receive the remuneration he/she deserves from his/her present occupation and also his/her capabilities are not fully used

• A situation where marginal product of labour is zero

• Unemployment that occurs during recessions and depressions

What is the main cause of poverty in rural India?

• Lack of access to social services

• Social customs

• Low productivity in agriculture

• Rapid population growth

What are the causes of growing regional disparities in India?

• Geographical factors

• Decline in public investment

• Infrastructure

• Historical factors