Economics: Demand and Supply
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Questions and Answers

What is the main reason for seasonal unemployment in India?

Agricultural labourers in India rarely have work throughout the year.

What is the primary cause of structural unemployment in India?

Lack of requisite skills and poor education level.

What is the relationship between cyclical unemployment and the business cycle?

Unemployment rises during recessions and declines with economic growth.

According to the World Bank data, what percentage of jobs in India are threatened by automation?

<p>69%</p> Signup and view all the answers

What is the primary cause of technological unemployment?

<p>Loss of jobs due to changes in technology.</p> Signup and view all the answers

What is the formula to calculate the unemployment rate?

<p>(Number of people unemployed/ total labour force) × 100</p> Signup and view all the answers

According to the Periodic Labour Force Survey (PLFS) of NSSO, what is the unemployment rate in rural India?

<p>5.3%</p> Signup and view all the answers

What is the main difference between structural and cyclical unemployment?

<p>Structural unemployment arises from a mismatch between available jobs and workers' skills, while cyclical unemployment arises from the business cycle.</p> Signup and view all the answers

What is the predicted outcome of automation on job creation and loss by 2025, according to the World Economic Forum?

<p>75 million jobs will be lost, but 133 million jobs will be created.</p> Signup and view all the answers

What is the primary characteristic of seasonal unemployment?

<p>It occurs during certain seasons of the year.</p> Signup and view all the answers

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