Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

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

Question:

Which of the following definitions of "Self-employed" is correct?

Options:

Not able to find jobs during some months of the year

Own and operate their own enterprises

Receive wages on a regular basis by the employer

Casually engaged in various enterprises

Correct Answer:

Own and operate their own enterprises

Explanation:

Instead of being paid a regular salary by a person or a corporation, if you are self-employed, you organise your own work. When you work for yourself, there are no paid vacations or sick days.