Structural unemployment arises due to: MCQ with Answer and Explanation

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Structural unemployment arises due to:

A. agricultural seasonality

B. mismatch between the skills of workers and available jobs

C. fluctuations in business cycles

D. temporary job search

Answer: Option B

Solution (By JKSSB Mock Tests)

Structural unemployment is caused by a mismatch between workers' skills and available jobs.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax' on beauty parlour services is:

A. 18%

B. 5%

C. 12%

D. 28%

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Correct Answer: Option A

Explanation:
Beauty parlour services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Net National Product at factor cost' equals GNP at factor cost minus:

A. indirect taxes

B. net factor income from abroad

C. depreciation

D. subsidies

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Correct Answer: Option C

Explanation:
NNP at factor cost = GNP at factor cost - depreciation.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a major source of agricultural credit in India?

A. Stock exchanges

B. Foreign institutional investors only

C. Commercial banks, cooperative banks and Regional Rural Banks

D. Mutual funds

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Correct Answer: Option C

Explanation:
Institutional agricultural credit in India is primarily provided by commercial banks, cooperative banks and Regional Rural Banks, with refinancing support from NABARD.

This question belongs to: Economy GK Economy Set 1

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