Which of the following is NOT a type of unemployment based on cause?
A. Cyclical
B. Structural
C. Voluntary as the only cause-based type
D. Frictional
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.
Explanation:
Fiscal policy is formulated by the government (Ministry of Finance). RBI is responsible for monetary policy, currency issue, banker to government and credit control.
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