The natural rate of unemployment includes: MCQ with Answer and Explanation

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The natural rate of unemployment includes:

A. only disguised unemployment

B. only open unemployment

C. cyclical and seasonal unemployment

D. frictional and structural unemployment

Answer: Option D

Solution (By JKSSB Mock Tests)

The natural rate of unemployment consists of frictional and structural unemployment.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The expenditure on old age pension is classified as:

A. capital expenditure

B. revenue expenditure

C. plan expenditure

D. developmental expenditure

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Correct Answer: Option B

Explanation:
Old age pension is a recurring revenue expenditure that does not create assets.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'exchange traded fund' for disinvestment of public sector enterprises is managed by:

A. SEBI-registered asset management companies

B. PFRDA

C. RBI

D. IRDAI

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Correct Answer: Option A

Explanation:
PSU ETFs are managed by SEBI-registered asset management companies.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is not a member of the NITI Aayog Governing Council?

A. RBI Governor

B. Chief Ministers of states

C. Lieutenant Governors of union territories

D. Prime Minister

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Correct Answer: Option A

Explanation:
The RBI Governor is not a member of the NITI Aayog Governing Council.

This question belongs to: Economy GK Economy Set 1

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