Frictional unemployment is best described as: MCQ with Answer and Explanation

Question

Share Report Error

Frictional unemployment is best described as:

A. temporary unemployment during job search or transition

B. unemployment due to seasonal agriculture

C. long-term unemployment due to skill mismatch

D. unemployment due to lack of demand

Answer: Option A

Solution (By JKSSB Mock Tests)

Frictional unemployment is temporary unemployment during job search or transition.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Which of the following is a component of the Human Development Index?

A. Only environmental sustainability

B. Only income inequality

C. Life expectancy, education and per capita income

D. Gender equality only

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
HDI is a composite index based on three dimensions: a long and healthy life (life expectancy), knowledge (education) and a decent standard of living (GNI per capita).

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Reserve Bank of India' publishes which report?

A. Economic Survey

B. Human Development Report

C. Annual Report and Financial Stability Report

D. World Development Report

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
RBI publishes Annual Report and Financial Stability Report.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on coal is:

A. 5%

B. 18%

C. 12%

D. 5% with input tax credit

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Coal attracts 5% GST.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs