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Target Exam

CUET

Subject

Economics

Chapter

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

Question:

Match List - I with List - II.

List - I List - II
(A) Increase in proportion of workforce in the informal sector to total workforce increases. (I) More people are engaged to work, then workforce in informal sector required
(B) Open unemployment (II) Informalisation of work force
(C) Disguised unemployment (III) Worker uses his own resources to make a living
(D) Self-employment (IV) People are willing to work, but fail to get work

 

Choose the correct answer from the options given below:

Options:

(A) - (III), (B) - (I), (C) - (IV), (D) - (II)

(A) - (II), (B) - (IV), (C) - (I), (D) - (III)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (IV), (B) - (II), (C) - (III), (D) - (I)

Correct Answer:

(A) - (II), (B) - (IV), (C) - (I), (D) - (III)

Explanation:

The term "Informalization of the workforce" describes a situation in which the share of the workers employed in the informal sector of the economy rises. The formal or organized sector and the informal or unorganized sector are the two divisions made based on the makeup of the Indian labor force.

A person who is willing to work and has a degree but is unable to find employment and work is said to be in open unemployment. In society, this type of unemployment is very evident.

When a portion of the labor force is either unemployed or working redundantly to the point where productivity is nearly zero, this is known as disguised unemployment. Disguised unemployment occurs when a section of the labor force is either unemployed or working redundantly to the point where productivity is almost zero.

Working for oneself rather than for a designated employer who provides a wage is referred to as self-employment. Worker usually uses his own resources to make living.

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