Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Employment - Growth, Informalisation and Other Issues

Question:

In late 1990's, Indian economy managed to produce goods and services without increase in employment level. According to you, which of the following is an immediate consequence to jobless growth?

Options:

Brain drain

Discrimination

Unemployment

None of the above

Correct Answer:

Unemployment

Explanation:

Unemployment is a situation in which all those who, owing to lack of work, are not working but either seek work through employment exchanges, intermediaries, friends or relatives or by making applications to prospective employers or express their willingness or availability for work under the prevailing condition of work and remunerations.

In late 1990's, India witnessed "Jobless growth", which means the economy produced goods and services but without any employment generation. Thus, we can say the immediate consequence to jobless growth was increased unemployment level.