Target Exam

CUET

Subject

Economics

Chapter

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

Question:

Which of the following policies can assist a country to reduce unemployment in a short period of time?

Options:

Reducing the growth rate of a country’s population

Reducing the inequalities in terms of distribution of wealth and income

Increasing the investment in both public and private sector

All of the above

Correct Answer:

Increasing the investment in both public and private sector

Explanation:

The correct answer is option 3: Increasing the investment in both public and private sector

Explanation:

  • Increasing investment in both public and private sectors can lead to the creation of new jobs and stimulate economic growth, which can help reduce unemployment in a relatively short period of time.
  • Reducing the growth rate of a country’s population and reducing inequalities are important for long-term economic stability and equity but may not have immediate effects on reducing unemployment.