Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

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

Question:
What is the situation known as in which the formal sector’s share of the workforce is decreasing while the informal sector’s share of the workforce is increasing?
Options:
Casualization
Jobless growth
Informalisation
None of the above
Correct Answer:
Informalisation
Explanation:
Workforce Informalization describes a situation in which the formal sector's share of the workforce is declining while the informal sector's share of the workforce is increasing.