In the context of the future of work, 'Platform Work' is characterised by: MCQ with Answer and Explanation

In the context of the future of work, 'Platform Work' is characterised by:
A. Only traditional permanent employment
B. Work organised through digital platforms that match workers with clients or tasks, often on a short-term or on-demand basis
C. Only agricultural work
D. Only public-sector employment
Answer: Option B
Solution (By JKSSB Mock Tests)
Platform work is labour provided through, on or mediated by digital platforms, typically characterised by short-term tasks, algorithmic management and a triangular relationship between platform, worker and client.

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Practice More Economy Set 1 Questions

Question #1
Which of the following is a major challenge in the measurement of national income in developing countries?
A. Complete availability of data for all sectors
B. Uniform accounting practices across all countries
C. Absence of the informal sector
D. Presence of a large non-monetised sector

Correct Answer: Option D


Explanation:
Developing countries face difficulties in measuring national income due to a large non-monetised (barter) sector, informal activities, lack of reliable data and underreporting.

This question belongs to: Economy GK Economy Set 1
Question #2
The concept of 'Data Trusts' or 'Data Commons' explores:
A. Only private ownership of all data by platforms
B. The complete free-for-all of unregulated data markets
C. Only government ownership of all personal data
D. Institutional arrangements in which data is stewarded collectively for the benefit of a defined community of stakeholders

Correct Answer: Option D


Explanation:
Data trusts and data commons are emerging institutional models that seek to govern data as a shared resource, with trustees or collective bodies responsible for managing access and use in accordance with the interests of the data subjects or community.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'life-cycle hypothesis' of consumption was proposed by:
A. Milton Friedman
B. Franco Modigliani
C. Paul Samuelson
D. Irving Fisher

Correct Answer: Option B


Explanation:
The life-cycle hypothesis was developed by Franco Modigliani and others.

This question belongs to: Economy GK Economy Set 1