Description : Full employment exists when there is (a) Zero unemployment ; (b) Natural rate of unemployment ; (c) Least demand for labor (d) Least supply of labor
Last Answer : (b) Natural rate of unemployment
Description : Which of the following is not a cause of unemployment in India? (a) Growing population ; (b) Lack of employment opportunity ; (c)Inappropriate education system ; (d) Liberalization
Last Answer : (d) Liberalization
Description : Natural rate of unemployment increases due to (a) General downturn in business activity ; (b) Changes in labor market ; (c) Structural changes in economy ; (d) Frequent changes of jobs by labor
Last Answer : (d) Frequent changes of jobs by labor
Description : Which of these is / are a transfer payments(s)? (a) Pension ; (b) Scholarship ; (d) Unemployment allowance ; (d) All the three
Last Answer : (d) All the three
Description : Full employment is the level at which there is (a) Zero unemployment ; (b) Normal rate of unemployment; (c) Lease supply of labor ; (d) Demand for goods is less than supply.
Last Answer : (c) Lease supply of labor ;
Description : If RBI wants to decrease the money supply in order to check inflation it will (a) Sell bonds ; (b) Increase CRR ; (c) Hike bank rate ; (d) All or any of the above three
Last Answer : ; (d) All or any of the above three
Description : Which of the following issue relates to micro-economics (a) Impact of crude price hike on inflation (b) Impact of change in bank rate on bank saving and investment (c) Impact of Information technology on economic growth (d) Impact of shortage of wheat production on wheat prices
Last Answer : (d) Impact of shortage of wheat production on wheat prices
Description : Disguised unemployment is mainly due to (a) Under employment ; (b) Seasonal nature of work ; (c) Strike and lock-out ; (d) Structural changes in the economy
Last Answer : (a) Under employment ;
Description : Nominal GDP is (a) The total value of goods and services net of exports (b) The total value of goods and services produced during periods of low unemployment (c) The total value of goods and services measured at current prices (d) The total value of goods and services produced at full employment.
Last Answer : (c) The total value of goods and services measured at current prices
Description : If the actual rate of unemployment exceeds to natural rate of unemployment then (a) Actual output of the economy will fall below its potential ; (b) Production will increase more than potential ; (c) Consumption of goods decreases; (d) Both (a) and (c) above.
Last Answer : (d) Both (a) and (c) above.
Description : During the recessionary phase of a business cycle (a) The natural rate of unemployment will increase dramatically (b) Potential national income will exceed actual national income (c) Actual national income ... national income (d) The real rate of interest will exceed the nominal rate of interest.
Last Answer : (a) The natural rate of unemployment will increase dramatically
Description : Unemployment due to mismatch between skill possessed and present available jobs (a) Cyclical unemployment (b) Structural unemployment ; (c) Frictional unemployment; (d) Seasonal unemployment
Last Answer : (b) Structural unemployment ;
Description : If the available workers are unaware of the jobs being offered and the employers are not aware of the available workers, such type on unemployment is called (a) Frictional unemployment ; (b) Structural unemployment; (c) Disguised unemployment ; (d) Demand pull unemployment.
Last Answer : (a) Frictional unemployment ;
Description : If the supply of a product remain same with the increase in price, the possible reasons can be (a) Apprehension of further price hike ; (b) Limited production facility; (c) Commodity being a rare commodity ; (d) All the three
Description : In which sector of Indian economy will we find a high rate of disguised unemployment? (a) Service sector. ; (b) Agriculture sector. ; (c) Manufacture sector. ; (d) Mining sector.
Last Answer : (b) Agriculture sector.
Description : In an agricultural family all the family members are working the farmland of the family. Due to addition of two more person in the family they are also working in the farmland of the ... (a) Cyclical unemployment ; (b) Disguised unemployment ; (c) Frictional unemployment (d) Seasonal unemployment
Last Answer : (b) Disguised unemployment ;
Description : If the country is passing through recession, the RBI would (a) Buy bonds ; (b) Reduce CRR ; (c) Ease out bank rate ; (d) All or any of the above three
Last Answer : (d) All or any of the above three
Description : Given the supply quantity which is fixed an increase in aggregate demand will have direct impact on (a) Increase in GDP ; (b) Inflationary pressure ; (c) Greater employment opportunity; (d) More equitable distribution of income and wealth
Last Answer : (b) Inflationary pressure ;
Description : Higher PPC curve indicates (a) More production of both the things with increase in technology or factor inputs supply; (b) More production of one at the expense of other; (c) More production of ... of other with increase in technology or factor input supply ; (d) Less than full employment situation
Last Answer : (a) More production of both the things with increase in technology or factor inputs supply;
Description : Which of these is/are the feature of an underdeveloped economy? (a) Greater inequalities ; (b) High incidence of unemployment ; (c) Orthodox means of production ; (d) All the three
Description : The type of unemployment that includes those persons who are unemployed for an intervening period of change over in job for better job is known as (a) Seasonal unemployment ; (b) Voluntary unemployment ; (c)Frictional unemployment (d) Technical unemployment
Last Answer : (c)Frictional unemployment
Description : Which of the following is a cause of frictional unemployment? (a) Non-availability of work due to strike and lock-out. (b) Temporary unemployment due to change over in jo(b) ; (c) Both ; (d) None
Last Answer : (c) Both ;
Description : Structural unemployment is mainly due to (a) Structural changes in the economy ; (b) Technological development (c) Growth in GDP ; (d) Population explosion.
Last Answer : (a) Structural changes in the economy ;
Description : Disguised unemployment refers to the situation when (a) Marginal Productivity of the surplus workers is zero (b) Marginal productivity of the surplus workers is less than average productivity ( ... surplus workers is falling sharply (d) Marginal productivity of the surplus workers is falling sharply
Last Answer : (a) Marginal Productivity of the surplus workers is zero
Description : Disguised unemployment is mainly found in (a) Urban areas ; (b) Rural areas ; (c) Small scale sector ; (d) Highly qualified work force
Last Answer : (b) Rural areas ;
Description : Manipulation in CRR enables the RBI to ……. (a) Influence the lending ability of the commercial banks ; (b) Check unemployment growth; (c) Check poverty ; (d) Increase GDP
Last Answer : (a) Influence the lending ability of the commercial banks ;
Description : The Philips curve shows that (a) High unemployment rates are associated with low increases in money wage rates (b) Low unemployment rates are associated with low rates of inflation (c) High ... rates of inflation (d) High inflation rates are associated with small increases in money wage rates.
Last Answer : (c) High unemployment rates are associated with low rates of inflation
Description : Unemployment that is caused by a mismatch between the composition of the labor force (in terms of skills, occupation, industries, or geographic location) and the make-up of the demand for ... unemployment ; (b) Deficient-demand unemployment ; (c) Frictional unemployment ; (d) Structural Unemployment
Last Answer : (d) Structural Unemployment
Description : Disguised unemployment means (a) Unemployment in agriculture ; (b) Unemployment due to recession ;(c) Unemployment due to downturn in business activity ; (d) Marginal Productivity of Labor (MPL) is zero.
Last Answer : ;(c) Unemployment due to downturn in business activity ;
Description : Unemployment that arises due to regional occupational pattern of job vacancies, which does not match the pattern of workers availability and suitability, is known as (a) Frictional unemployment ; (b) Structural unemployment ; (c) Cyclical unemployment ; (d) Demand pull unemployment.
Last Answer : (b) Structural unemployment
Description : Unemployment that arises when there is a general downturn in business activity is known as (a) Frictional unemployment ; (b) Structural unemployment; (c) Cyclical unemployment ; (d) Disguised unemployment
Last Answer : (c) Cyclical unemployment ;
Description : Macroeconomics is the study of (a) Inflation ; (b) Unemployment ; (c) Growth ; (d) All of (a), (b) and (c) above.
Last Answer : ; (d) All of (a), (b) and (c) above.
Description : Mark the correct option relating to Senior citizens saving scheme a) An individual of the Age 60 years or more may open the account b) An individual of the age of 55 years or more but less than 60 ... and not exceed the amount of retirement benefits c) The maturity period is 5 years d) All the above
Last Answer : d) All the above
Description : Inflationary conditions may co-exist with which of the following situation (a) Increase in factor cost ; (b) Increase in employment opportunities; (c) Growth in GDP and imports ; (d) All the three
Last Answer : ; (d) All the three
Description : In question No. 53 if the economy produces only 3 guns and 900 tons of wheat instead of 1100 tons of wheat what does it indicates (a) Under employment of resources ; (b) Production in efficiency ; (c) Sub-optimal production; (d) All the three
Description : Economic efficiency means (a) Production of goods of mass consumption at lower cost; (b) Production of goods and services for those who have purchasing power; (c) Getting greatest satisfaction from available resources ; (d) Full employment of working force
Last Answer : (c) Getting greatest satisfaction from available resources
Description : If an economy is working at a point left to PPF curve it shows that……… (a) The economy is working at less than the full employment level ; (b) The economy is at full employment level ; (c) The economy is country is faced with excess production ; (d) There is glut of imports
Last Answer : (a) The economy is working at less than the full employment level ;
Description : The opportunity cost of consumption is (a) Lack of capital formation for future ; (b) Greater investment ; (c) Full employment ; (d) Deflation
Last Answer : (a) Lack of capital formation for future ;
Description : What type of jobs careers did the creation of this robot provide for employment for people?
Last Answer : Feel Free to Answer
Description : 873,000 employment increase in September! 114,000 new jobs! Unemployment falls to 7.8%! How will this impact the election?
Last Answer : I am hoping that it breathes new life into the post-debate President.
Description : From___Five Year Plan definite measures to reduce unemployment were undertaken. (a) First (b) Third © Fifth (d) Seventh
Last Answer : © Fifth
Description : From the following action , which action is not re delegate to subordinate authorities ? a . action related with creation of Post. b. appointing a government servant c. issue order related with changes of allowance
Last Answer : . action related with creation of Post.
Description : Natural rate of unemployment increases due to A. General downturn in business activity B. Changes in labor market C. Structural changes in economy D. Frequent changes of jobs by labor
Last Answer : D. Frequent changes of jobs by labor
Description : Which of the following would not reduce the transaction cost in a market? (a) a real estate agent, when buying a house (b) a stock broker, when purchasing stock (c) a full page newspaper ad to sell your used lawn mower (d) a farmer’s market for fresh produce
Last Answer : (c) a full page newspaper ad to sell your used lawn mower
Description : Which of the following was not one of the initial demands of the Sri Lankan Tamils?(a) Recognition of Tamil as an official language (b) Regional autonomy (c) Equality of opportunity in securing jobs and education (d) Creation of an independent Tamil Eelam (state)
Last Answer : (d) Creation of an independent Tamil Eelam (state)
Description : A country with a high rate of population growth took measures to reduce it. The figure below shows age-sex pyramids of populations A and B twenty years apart. Select the correct interpretation about them. ... the growth rate. (d) A is more recent and shows slight reduction in the growth rate.
Last Answer : (d) “A” is more recent and shows slight reduction in the growth rate.
Description : 7. Which of the following statements is/are true? a. Business Investment Spending occurs when individuals buy stock in the stock market b. Productivity is the United States grew very slowly ... unemployment rate is too high d. Full employment occurs when there is no frictional unemployment
Last Answer : b. Productivity is the United States grew very slowly between 1973 and 1996
Description : Okun’s law shows the relationship between the following : (a) Unemployment and Growth (b) Employment and Growth (c) Tax rate and Tax revenue (d) Inflation and Employment
Last Answer : (a) Unemployment and Growth
Description : Full employment is the level at which there is A. Zero unemployment B. Normal rate of unemployment C. Less supply of labor D. Demand for goods is less than supply.
Last Answer : C. Less supply of labor
Description : Which of these is/ are included in the domestic territory of a country? (a) Territory lying within the political frontier including territorial water of the country. (b) Ships and aircrafts operated by the ... (c) Fishing vessels, oil and natural gas rigs and floating platforms. ; (d) All the three
Last Answer : (b) Ships and aircrafts operated by the residents of the country between two or more countries.