Macro Sem 4

Which sector was most affected by job losses due to the lockdown in India?

• IT and Software

• Informal sector

• Education sector

• Public sector

What was one major cause of job losses in India during the COVID-19 pandemic?

• Increase in foreign investments

• Shift to renewable energy sources

• Lockdown policies leading to business closures

• Rise in agricultural exports

What global event caused a slowdown in India’s growth after 2008?

• Oil crisis

• COVID-19 pandemic

• Global financial crisis

• Eurozone debt crisis

How did India’s economy behave in 2020?

• Strong and steady growth

• Moderate decline

• Abrupt contraction due to COVID-19

• No significant change

What is the main idea illustrated by Graph 1 as described in the text?

• GDP and unemployment always move together

• GDP growth leads to low inflation

• High GDP growth does not always reduce unemployment

• Unemployment is only affected by global factors

Which sector was least negatively affected by the COVID-19 pandemic in India?

• Services sector

• Manufacturing sector

• Farming sector

• Tourism sector

What trend has been observed in the sectoral share of India’s GDP over time?

• Increase in agriculture’s share and decline in services

• Constant share of both agriculture and services

• Decline in agriculture’s share and rise in services

• Equal growth in all sectors

What does the current employment pattern in India suggest?

• Efficient labor distribution across sectors

• Job-rich growth in the services sector

• Employment mismatch and need for re-skilling

• High productivity in agriculture