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

The 'Periodic Labour Force Survey' provides estimates of unemployment by:
A. usual status, CWS and current daily status
B. monthly
C. daily only
D. weekly only
Answer: Option A
Solution (By JKSSB Mock Tests)
PLFS gives unemployment estimates by usual status, current weekly status and current daily status.

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Practice More Economy Set 1 Questions

Question #1
The concept of 'Dynamic Inconsistency' is most relevant for:
A. Only trade policy
B. Only fiscal policy
C. Only labour market policy
D. The design of monetary policy rules versus discretion

Correct Answer: Option D


Explanation:
Dynamic (or time) inconsistency problems are central to the debate on rules versus discretion in monetary policy, because policymakers may have an incentive to deviate from previously announced optimal policies.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'inflation targeting' in India uses which index as the nominal anchor?
A. CPI-IW only
B. CPI-Combined
C. WPI
D. GDP deflator

Correct Answer: Option B


Explanation:
RBI's inflation targeting uses CPI-Combined as the nominal anchor.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a characteristic of the 'Foundational Economy' approach?
A. Focus only on high-tech export sectors
B. Focus on the essential goods and services that keep citizens safe, healthy and educated, often provided collectively
C. Focus only on luxury consumption
D. Focus only on financial services

Correct Answer: Option B


Explanation:
The foundational economy comprises the everyday goods and services—utilities, food, health, education, care—that are essential for civilised life and are often most effectively provided through collective arrangements.

This question belongs to: Economy GK Economy Set 1