Which of the following is NOT a type of unemployment based on cause? MCQ with Answer and Explanation

Which of the following is NOT a type of unemployment based on cause?
A. Cyclical
B. Frictional
C. Voluntary as the only cause-based type
D. Structural
Answer: Option C
Solution (By JKSSB Mock Tests)
While unemployment can be voluntary or involuntary, the standard cause-based classification includes frictional, structural, cyclical and seasonal unemployment.

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Practice More Economy Set 1 Questions

Question #1
The 'International Monetary Fund' Extended Fund Facility provides:
A. short-term loans
B. grants to all countries
C. medium-term support for structural balance of payments problems
D. only technical assistance

Correct Answer: Option C


Explanation:
The Extended Fund Facility provides medium-term support for countries with structural BoP problems.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Finance Minister' who presented the 1991 budget and launched economic reforms was:
A. Manmohan Singh
B. Yashwant Sinha
C. Jaswant Singh
D. P. Chidambaram

Correct Answer: Option A


Explanation:
Manmohan Singh, as Finance Minister, presented the 1991 budget that launched reforms.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Goods and Services Tax' rate on sugar is:
A. 18%
B. 5%
C. 12%
D. 0%

Correct Answer: Option B


Explanation:
Sugar attracts 5% GST.

This question belongs to: Economy GK Economy Set 1