Which of the following is a characteristic of the informal sector?
A. High capital intensity and advanced technology
B. High degree of formal contracts and social security
C. Complete absence of employment generation
D. Easy entry, small scale and lack of formal regulation
Answer: Option D
Solution (By JKSSB Mock Tests)
The informal sector is marked by ease of entry, small-scale operations, labour intensity, lack of formal contracts and limited access to social security.
Explanation:
Capital-account liberalisation refers to the reduction or elimination of legal barriers to the free movement of capital across national borders.
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