The 'Indian labour market' is characterized by a large share of employment in: MCQ with Answer and Explanation

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The 'Indian labour market' is characterized by a large share of employment in:

A. unorganized sector

B. public sector

C. foreign companies

D. organized sector

Answer: Option A

Solution (By JKSSB Mock Tests)

A large share of Indian employment is in the unorganized sector.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is a major difficulty in measuring national income in developing countries?

A. Presence of a large non-monetised and informal sector

B. Uniform and comprehensive accounting practices

C. Complete availability of reliable data for all activities

D. Absence of any informal economic activity

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Correct Answer: Option A

Explanation:
Developing countries face significant measurement challenges due to a large non-monetised sector, widespread informal activities, under-reporting and inadequate statistical systems.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'World Economic Forum' publishes which index?

A. Global Competitiveness Index

B. Logistics Performance Index

C. Human Development Index

D. Corruption Perceptions Index

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Correct Answer: Option A

Explanation:
WEF publishes Global Competitiveness Index.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Eighth Five Year Plan' period was:

A. 1992-1997

B. 1997-2002

C. 1987-1992

D. 1990-1995

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Correct Answer: Option A

Explanation:
The Eighth Five Year Plan covered 1992-1997.

This question belongs to: Economy GK Economy Set 1

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