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Understanding the Role of Work in Society

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Understanding the Role of Work in Society

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Questions and Answers

What is jobless growth?

A situation where employment opportunities exceed the GDP growth rate.

When GDP grows slower than the employment opportunities.

When the economy experiences rapid growth in both GDP and employment simultaneously.

A situation where GDP grows faster than employment opportunities, leading to unemployment. (correct)

What does casualisation of employment refer to?

When employment becomes stable and permanent for all workers.

A situation when formal employment sector expands rapidly.

When there is a decline in the percentage of casually hired workers in the total workforce.

A situation when the percentage of casually hired workers in the total workforce increases over time. (correct)

What is informalisation of employment?

When people tend to find employment in the informal sector of the economy rather than the formal sector. (correct)

When formal employment sector expands rapidly.

A situation when more people find employment in the formal sector of the economy.

When people move from informal sector jobs to formal sector jobs.

Which of the following is not listed as a cause of unemployment?

Rapid industrialization Signup and view all the answers

What is unemployment?

A situation where a person is willing to work but cannot find a job at the prevailing wage rate. Signup and view all the answers

What is one of the remedial measures suggested for combating unemployment?

Accelerating growth rate of GDP Signup and view all the answers

What is the definition of a worker as mentioned in the text?

An individual involved in any economic activity to earn a living Signup and view all the answers

What does the term 'Labour Force' refer to according to the text?

All individuals who are able and willing to work, whether currently employed or not Signup and view all the answers

What does the Work Force represent according to the text?

The number of persons actually employed at a particular time Signup and view all the answers

What percentage of India's workforce depends on agriculture and allied activities?

Around 60% Signup and view all the answers

Which group constitutes the majority of workers in India, according to the text?

Self-employed individuals Signup and view all the answers

What proportion of India's workforce consists of casual wage laborers and regular salaried employees combined?

Less than half Signup and view all the answers