Which of the following is a cause of frictional unemployment? MCQ with Answer and Explanation

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Which of the following is a cause of frictional unemployment?

A. Decline of an industry

B. Time taken to find a new job after leaving the previous one

C. Seasonal nature of agriculture

D. Economic recession

Answer: Option B

Solution (By JKSSB Mock Tests)

Frictional unemployment occurs due to the time lag involved in people searching for and moving between jobs. It is short-term and voluntary in nature.

This question belongs to: Economy GK Economy Set 1

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Question #1

In the context of public finance, 'Deadweight Loss' refers to:

A. Loss due to natural disasters

B. Loss of foreign exchange

C. Loss of economic efficiency due to market distortion

D. Loss due to inflation

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Correct Answer: Option C

Explanation:
Deadweight loss is the loss of economic efficiency that occurs when the equilibrium quantity is not produced due to taxes, subsidies, monopolies or other market distortions.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Jal Jeevan Mission' aims to provide tap water to rural households by:

A. 2025

B. 2030

C. 2024

D. 2022

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Correct Answer: Option C

Explanation:
Jal Jeevan Mission aims to provide tap water to all rural households by 2024.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a function of the Securities and Exchange Board of India?

A. Regulating the securities market and protecting investor interests

B. Issuing currency notes

C. Collecting direct taxes

D. Formulating monetary policy

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Correct Answer: Option A

Explanation:
SEBI is the regulator of the Indian securities market; its mandate includes protecting investors, promoting the development of the market and regulating market intermediaries.

This question belongs to: Economy GK Economy Set 1

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