Chapter 6 ECONOMICS : Unemployment Poverty and Inequalities — Online MCQ Test
ECONOMICS · CLASS 12 INTER II YEAR · Andhra State Board
Practice Chapter 6 ECONOMICS : Unemployment Poverty and Inequalities with a free chapter-wise online MCQ test.
This chapter covers: This chapter details types and extent of unemployment causes of poverty income inequalities poverty alleviation programs and employment generation schemes..
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Chapter 6 ECONOMICS : Unemployment Poverty and Inequalities — Important Questions & Answers
Which type of unemployment occurs when people are not willing to work at the prevailing wage rate?
- A. Voluntary unemployment
- B. Involuntary unemployment
- C. Disguised unemployment
- D. Structural unemployment
Answer: A. Voluntary unemployment
Voluntary unemployment refers to a situation where a person is unemployed by choice because they are unwilling to work at the existing market wage rate.
Voluntary unemployment refers to a situation where a person is unemployed by choice because they are unwilling to work at the existing market wage rate.
The concept of 'Poverty Line' in India is primarily based on which criteria?
- A. Income level only
- B. Nutritional intake and expenditure
- C. Asset ownership only
- D. Social status
Answer: B. Nutritional intake and expenditure
In India, the poverty line is defined based on minimum nutritional requirements (calories) and minimum expenditure to meet basic needs.
In India, the poverty line is defined based on minimum nutritional requirements (calories) and minimum expenditure to meet basic needs.
Which of the following best describes the Lorenz Curve?
- A. A graphical representation of the distribution of income
- B. A measure of population growth
- C. The relationship between inflation and unemployment
- D. The cost of living index
Answer: A. A graphical representation of the distribution of income
The Lorenz curve is a graphical representation of the distribution of income or wealth within a population.
The Lorenz curve is a graphical representation of the distribution of income or wealth within a population.
Analyze: If technological advancement replaces human labor in an industry, which type of unemployment is created?
- A. Seasonal unemployment
- B. Structural unemployment
- C. Cyclical unemployment
- D. Disguised unemployment
Answer: B. Structural unemployment
Technological changes that make existing skills redundant or require new skills cause structural unemployment.
Technological changes that make existing skills redundant or require new skills cause structural unemployment.
In the context of the Indian economy, the 'Committees on Poverty' (like Tendulkar or Rangarajan) primarily debated what?
- A. The exact population count
- B. The methodology for measuring the poverty line
- C. The privatization of public sector units
- D. The introduction of the gold standard
Answer: B. The methodology for measuring the poverty line
These committees were tasked with refining the calculation methods for the poverty line to reflect changing economic conditions.
These committees were tasked with refining the calculation methods for the poverty line to reflect changing economic conditions.