Disguised unemployment exists when: MCQ with Answer and Explanation

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Disguised unemployment exists when:

A. more workers are employed than necessary and marginal productivity of some workers is nearly zero

B. workers are changing jobs

C. workers lack required skills

D. there is no work due to recession

Answer: Option A

Solution (By JKSSB Mock Tests)

Disguised unemployment means excess workers whose marginal productivity is near zero.

This question belongs to: Economy GK Economy Set 1

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Question #1

The term 'Green Field Investment' refers to:

A. Setting up of new production facilities from scratch

B. Portfolio investment in bonds

C. Mergers and acquisitions only

D. Investment in existing companies through stock markets

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Correct Answer: Option A

Explanation:
Greenfield investment is a form of foreign direct investment where a parent company establishes new operations and facilities in a foreign country from the ground up.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of the 'Beyond GDP' movement?

A. The search for broader indicators of well-being and sustainability that complement or go beyond GDP

B. The complete abandonment of any quantitative indicators

C. The exclusive focus on GDP growth

D. The rejection of all economic statistics

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Correct Answer: Option A

Explanation:
The Beyond GDP agenda seeks to develop and use a wider set of indicators—covering health, education, environment, inequality and subjective well-being—to provide a more comprehensive picture of societal progress.

This question belongs to: Economy GK Economy Set 1

Question #3

Foreign Trade Policy in India is announced by the:

A. RBI

B. Ministry of External Affairs

C. Ministry of Finance

D. Ministry of Commerce and Industry

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Correct Answer: Option D

Explanation:
Foreign Trade Policy is formulated by the Ministry of Commerce and Industry.

This question belongs to: Economy GK Economy Set 1

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