Q. With reference to the different types of unemployment, consider the following statements:
Which of the above statements is/are correct?
Q. With reference to the different types of unemployment, consider the following statements:
Which of the above statements is/are correct?
The correct option is B
2 only
Explanation: Unemployment occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy. The most frequent measure of unemployment is the unemployment rate, which is the number of unemployed people divided by the number of people in the labor force.
Statement 1 is incorrect: Frictional unemployment refers to the state of joblessness which is prevalent when people are in between jobs.
Statement 2 is correct: Cyclical unemployment is due to the downturn in the economy. When the economy is going through a downward spiral, people are left jobless and as soon as the economy turns bullish, the workers find employment in the different sectors. This is one of the key types of unemployment plaguing India currently.
Statement 3 is incorrect : Disguised unemployment is not due to the paucity of the labour force but an excess of it. It is a kind of unemployment whereby there are more people employed in a particular work than the demands of that job.
2 only
Explanation: Unemployment occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy. The most frequent measure of unemployment is the unemployment rate, which is the number of unemployed people divided by the number of people in the labor force.
Statement 1 is incorrect: Frictional unemployment refers to the state of joblessness which is prevalent when people are in between jobs.
Statement 2 is correct: Cyclical unemployment is due to the downturn in the economy. When the economy is going through a downward spiral, people are left jobless and as soon as the economy turns bullish, the workers find employment in the different sectors. This is one of the key types of unemployment plaguing India currently.
Statement 3 is incorrect : Disguised unemployment is not due to the paucity of the labour force but an excess of it. It is a kind of unemployment whereby there are more people employed in a particular work than the demands of that job.
