Formal and Informal Sector

Q.

Informalisation refers to a situation when the proportion of the workforce in the informal sector to total workforce increases

1. True

2. False

Q.

Why Does It Not Make Any Economic Sense to Produce in Stage 1 or Stage 3?

Q.

Casual workers are defined as those who work for others in farm or non-farm Enterprises and are paid wages that are daily or periodic in nature.

1. True

2. False

Q.

Define casual labour?

Q.

Who is a casual wage labourer?

Q.

The workers of a formal sector are not entitled to social security benefits like pension, medical allowance etc.

1. True

2. False

Q.

Which of the following is a feature of the Informal sector?

1. None of the above

2. Protected by laws

3. Social security benefits

4. Less earning

Q. what is meant by full employment

Q.

In the Informal sector, workers are entitled to social security benefits.

1. True

2. False