Structural unemployment arises due to: MCQ with Answer and Explanation

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Structural unemployment arises due to:

A. fluctuations in business cycles

B. mismatch between the skills of workers and available jobs

C. temporary job search

D. agricultural seasonality

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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Question #1

The 'Goods and Services Tax' on security services is:

A. 12%

B. 18%

C. 5%

D. 28%

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Correct Answer: Option B

Explanation:
Security services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Index of Eight Core Industries' is released by:

A. NITI Aayog

B. Ministry of Commerce and Industry

C. Ministry of Finance

D. RBI

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Correct Answer: Option B

Explanation:
The Index of Eight Core Industries is released by the Ministry of Commerce and Industry.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'bank rate' in India is currently aligned with:

A. CRR

B. repo rate

C. MSF rate

D. reverse repo rate

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Correct Answer: Option C

Explanation:
The bank rate is aligned with the MSF rate.

This question belongs to: Economy GK Economy Set 1

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