The 'Periodic Labour Force Survey' provides estimates of: MCQ with Answer and Explanation

The 'Periodic Labour Force Survey' provides estimates of:
A. inflation
B. GDP
C. foreign exchange reserves
D. employment and unemployment
Answer: Option D
Solution (By JKSSB Mock Tests)
PLFS provides labour force, employment and unemployment estimates.

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Practice More Economy Set 1 Questions

Question #1
In the context of digital regulation, the 'DMA' (Digital Markets Act) of the European Union aims to:
A. Only regulate small start-ups
B. Deregulate all digital platforms
C. Only apply ex-post competition law without any specific rules
D. Impose ex-ante obligations on designated gatekeeper platforms to ensure contestable and fair digital markets

Correct Answer: Option D


Explanation:
The Digital Markets Act establishes a set of dos and don’ts for large gatekeeper platforms, aiming to prevent unfair practices and to keep digital markets contestable and fair through ex-ante regulation.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a characteristic of the 'Universal Basic Services' proposal?
A. Public provision of a range of essential services free at the point of use as a complement or alternative to basic income
B. Only private provision of all services
C. Only targeted residual welfare
D. Only cash transfers without any public services

Correct Answer: Option A


Explanation:
Universal basic services advocates the collective provision of a set of essential services—such as health, education, housing, transport and information—available to all citizens free or at low cost.

This question belongs to: Economy GK Economy Set 1
Question #3
In the context of digital finance, 'Central Bank Digital Currency' (CBDC) refers to:
A. Only physical cash
B. Only privately issued cryptocurrencies
C. Only commercial-bank deposits
D. A digital form of central-bank money that is a direct liability of the central bank

Correct Answer: Option D


Explanation:
A central-bank digital currency is a digital payment instrument denominated in the national unit of account that is a direct liability of the central bank, distinct from both physical cash and commercial-bank deposits.

This question belongs to: Economy GK Economy Set 1