The Labour Force Participation Rate is calculated as: MCQ with Answer and Explanation

Question

Share Report Error

The Labour Force Participation Rate is calculated as:

A. unemployed divided by labour force multiplied by 100

B. total population divided by employed

C. labour force divided by working-age population multiplied by 100

D. employed divided by unemployed

Answer: Option C

Solution (By JKSSB Mock Tests)

LFPR = (labour force / working-age population) × 100.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'Fisher equation' is expressed as:

A. MV = PT

B. S = I

C. Y = C + I + G

D. i = r + π

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
The Fisher equation is i = r + π, where i is nominal interest rate, r is real interest rate and π is inflation.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Bharat QR code' is used for:

A. passport verification

B. digital payments at merchant locations

C. land records

D. railway ticket booking

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Bharat QR code is used for QR-based digital payments at merchants.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on Pradhan Mantri Suraksha Bima Yojana premium is:

A. exempt

B. 0%

C. 5%

D. 18%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
PMSBY premium is exempt from GST.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs