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

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Which of the following is NOT a type of unemployment recognised in economics?

A. Nominal unemployment

B. Structural unemployment

C. Frictional unemployment

D. Cyclical unemployment

Answer: Option A

Solution (By JKSSB Mock Tests)

The main types of unemployment are frictional, structural, cyclical and seasonal. 'Nominal unemployment' is not a standard classification.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'zero-based budgeting' was first introduced in India in the budget of:

A. 1985-86

B. 1991-92

C. 2001-02

D. 1986-87

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Correct Answer: Option D

Explanation:
Zero-based budgeting was introduced in the Union Budget 1986-87.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a type of foreign capital inflow?

A. Only government tax revenue

B. Foreign direct investment, portfolio investment and external commercial borrowings

C. Domestic bank deposits of residents

D. Only domestic equity issuance

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Correct Answer: Option B

Explanation:
Foreign capital inflows include FDI, FPI, external commercial borrowings, trade credit and other external liabilities.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'repo' in monetary policy means the RBI:

A. gives unsecured loans to banks

B. purchases securities from banks with an agreement to sell them back later

C. sells securities to banks and agrees to repurchase them later

D. borrows from foreign central banks

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Correct Answer: Option B

Explanation:
In a repo, the RBI purchases securities from banks with an agreement to resell them later, injecting liquidity.

This question belongs to: Economy GK Economy Set 1

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