The 'unemployment rate' in India measured by PLFS is the percentage of unemployed among: MCQ with Answer and Explanation

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The 'unemployment rate' in India measured by PLFS is the percentage of unemployed among:

A. total population

B. labour force

C. working-age population

D. employed persons

Answer: Option B

Solution (By JKSSB Mock Tests)

Unemployment rate is unemployed as a percentage of the labour force.

This question belongs to: Economy GK Economy Set 1

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Question #1

Bank rate is the rate at which the RBI:

A. rediscounts bills and provides long-term funds to banks

B. lends overnight against SLR securities

C. lends short-term funds against government securities

D. borrows from commercial banks

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Correct Answer: Option A

Explanation:
Bank rate is the rate at which the RBI rediscounts bills and provides longer-term funds.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Carbon Credit' refers to a permit allowing the holder to emit:

A. one kg of carbon

B. unlimited carbon

C. one tonne of carbon dioxide or equivalent

D. one million tonnes of carbon

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Correct Answer: Option C

Explanation:
A carbon credit typically allows one tonne of carbon dioxide equivalent emissions.

This question belongs to: Economy GK Economy Set 1

Question #3

Under a floating exchange rate system, a fall in the external value of a currency due to market forces is called:

A. devaluation

B. depreciation

C. appreciation

D. revaluation

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Correct Answer: Option B

Explanation:
A market-driven fall in the external value of a currency is called depreciation.

This question belongs to: Economy GK Economy Set 1

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