Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

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

Question:

Which of the following is not a feature of the unorganized sector?

Options:

No job security

Social security schemes

Irregular payment

No fixed working hours

Correct Answer:

Social security schemes

Explanation:

Workers and enterprises in the informal sector/unorganized sector do not get regular income; they do not have any protection or regulation from the government for their jobs and also do not have any fixed working hours. Workers are dismissed without any compensation. The technology used in the informal sector/unorganized sector enterprises is outdated; they also do not maintain any accounts. Workers in this sector live in slums and are squatters. Whereas, those who are working in the formal sector/organized sector enjoy social security benefits. They get regular income and the government, through its labor laws, enables them to protect their rights in various ways. This section of the workforce forms trade unions, and bargains with employers for better wages and other social security measures.