Which of the following is NOT a type of unemployment in developing countries? MCQ with Answer and Explanation

Which of the following is NOT a type of unemployment in developing countries?
A. Disguised unemployment
B. Seasonal unemployment
C. Natural rate of unemployment as a policy target only
D. Open unemployment
Answer: Option C
Solution (By JKSSB Mock Tests)
Disguised, seasonal and open unemployment are common in developing countries. The natural rate of unemployment is a concept more relevant to developed economies and macroeconomic policy.

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Practice More Economy Set 1 Questions

Question #1
The 'Pradhan Mantri Jan Arogya Yojana' is the health insurance component of:
A. Ayushman Bharat
B. Skill India
C. Digital India
D. Startup India

Correct Answer: Option A


Explanation:
PM-JAY is the insurance component of Ayushman Bharat.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Bank for International Settlements' headquarters is in:
A. Geneva
B. London
C. Basel
D. Zurich

Correct Answer: Option C


Explanation:
BIS headquarters is in Basel.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Central Vigilance Commission' is a:
A. judicial body
B. private body
C. statutory body
D. constitutional body

Correct Answer: Option C


Explanation:
The Central Vigilance Commission is a statutory body.

This question belongs to: Economy GK Economy Set 1