The term 'Structural Unemployment' arises due to: MCQ with Answer and Explanation

Question
The term 'Structural Unemployment' arises due to:
A. Seasonal variations in demand
B. Temporary mismatch between jobs and workers
C. Changes in the structure of the economy
D. Cyclical fluctuations in economic activity
Answer: Option C
Solution (By JKSSB Mock Tests)
Structural unemployment occurs due to changes in the structure of the economy, such as technological changes or decline of certain industries, creating a mismatch between skills of workers and available jobs.
This question belongs to: Economy GK Economy Set 1
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Practice More Economy Set 1 Questions

Question #1
The 'Investment Facilitation Cell' under Invest India assists:
A. investors in obtaining approvals
B. domestic farmers
C. pensioners
D. stock brokers
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Correct Answer: Option A

Explanation:
Invest India's Investment Facilitation Cell helps investors with approvals and clearances.
This question belongs to: Economy GK Economy Set 1
Question #2
The 'Ninth Five Year Plan' period was:
A. 1997-2002
B. 2002-2007
C. 1995-2000
D. 1992-1997
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Correct Answer: Option A

Explanation:
The Ninth Five Year Plan covered 1997-2002.
This question belongs to: Economy GK Economy Set 1
Question #3
The 'Goods and Services Tax' is considered a destination-based tax because:
A. tax is collected only at the port
B. tax is paid by the exporter
C. tax accrues to the state where goods are consumed
D. tax is collected where goods are produced
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Correct Answer: Option C

Explanation:
GST is destination-based, so tax revenue goes to the consuming state.
This question belongs to: Economy GK Economy Set 1
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