The 'current daily status' of unemployment measures unemployment on: MCQ with Answer and Explanation

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The 'current daily status' of unemployment measures unemployment on:

A. a day basis

B. monthly basis

C. weekly basis

D. yearly basis

Answer: Option A

Solution (By JKSSB Mock Tests)

Current daily status measures unemployment for each day of the reference week.

This question belongs to: Economy GK Economy Set 1

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Question #1

Which of the following is a qualitative method of credit control used by RBI?

A. Cash Reserve Ratio

B. Open Market Operations

C. Moral Suasion

D. Bank Rate

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Correct Answer: Option C

Explanation:
Moral suasion is a qualitative (selective) method of credit control where RBI persuades banks to follow certain credit policies. Bank Rate, OMO and CRR are quantitative methods.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Minimum Wages Act' applies to:

A. only government employees

B. only informal sector

C. only factory workers

D. scheduled employments including agricultural and industrial workers

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Correct Answer: Option D

Explanation:
Minimum Wages Act applies to scheduled employments including agriculture and industry.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Second Five Year Plan' period was:

A. 1961-1966

B. 1953-1958

C. 1956-1961

D. 1951-1956

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Correct Answer: Option C

Explanation:
The Second Five Year Plan covered 1956-1961.

This question belongs to: Economy GK Economy Set 1

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