The term 'Disguised Unemployment' implies that: MCQ with Answer and Explanation

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The term 'Disguised Unemployment' implies that:

A. Unemployment is due to seasonal factors only

B. Workers are employed in high-productivity jobs

C. More people are engaged in a task than required, with marginal productivity close to zero

D. Workers are unemployed and actively seeking jobs

Answer: Option C

Solution (By JKSSB Mock Tests)

Disguised unemployment exists when the removal of some workers does not reduce total output, typically found in agriculture in developing countries.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on agricultural implements is:

A. 18%

B. 12%

C. 0%

D. 5%

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Correct Answer: Option D

Explanation:
Agricultural implements generally attract 5% GST, with some exemptions.

This question belongs to: Economy GK Economy Set 1

Question #2

The guiding philosophy of NITI Aayog is:

A. centralized planning

B. cooperative federalism

C. command economy

D. import substitution

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Correct Answer: Option B

Explanation:
NITI Aayog works on the principle of cooperative federalism.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on art and culture events is:

A. 18%

B. 5%

C. 12%

D. 0%

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Correct Answer: Option A

Explanation:
Art and culture events generally attract 18% GST, with some exemptions.

This question belongs to: Economy GK Economy Set 1

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