Chapter 3: National Income Poverty and Unemployment — Online MCQ Test
ECONOMICS · CLASS 12 INTERMEDIATE 2 YEAR · Telangana State Board
Practice Chapter 3: National Income Poverty and Unemployment with a free chapter-wise online MCQ test.
This chapter covers: Focusing on macro issues this chapter examines national income trends poverty estimation poverty alleviation programs unemployment types measurement and employment generation schem....
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Chapter 3: National Income Poverty and Unemployment — Important Questions & Answers
What is the full form of GDP?
- A. Gross Domestic Product
- B. General Domestic Profit
- C. Gross Development Plan
- D. Government Domestic Product
Answer: A. Gross Domestic Product
GDP stands for Gross Domestic Product. It measures the total value of final goods and services produced within a country during a year.
GDP stands for Gross Domestic Product. It measures the total value of final goods and services produced within a country during a year.
Which of the following is a type of unemployment?
- A. Structural unemployment
- B. Fiscal unemployment
- C. Monetary unemployment
- D. Capital unemployment
Answer: A. Structural unemployment
Structural unemployment occurs when workers' skills do not match the available jobs. It is one of the recognized types of unemployment in economics.
Structural unemployment occurs when workers' skills do not match the available jobs. It is one of the recognized types of unemployment in economics.
If a worker is willing to work but cannot find a job because of lack of suitable skills, this is an example of:
- A. frictional unemployment
- B. structural unemployment
- C. seasonal unemployment
- D. disguised unemployment
Answer: B. structural unemployment
Structural unemployment arises due to a mismatch between workers' skills and the requirements of available jobs. This is common when the economy changes structurally.
Structural unemployment arises due to a mismatch between workers' skills and the requirements of available jobs. This is common when the economy changes structurally.
Which of the following is an example of seasonal unemployment?
- A. A factory worker laid off permanently
- B. A farm labourer without work during the off-season
- C. A software engineer changing jobs
- D. A graduate waiting for first appointment
Answer: B. A farm labourer without work during the off-season
Seasonal unemployment occurs when workers are employed only during certain seasons, as in agriculture. They remain unemployed in the off-season.
Seasonal unemployment occurs when workers are employed only during certain seasons, as in agriculture. They remain unemployed in the off-season.
Which of the following is the most appropriate reason why poverty alleviation programmes alone cannot solve unemployment permanently?
- A. They do not affect labour supply at all
- B. They mainly provide short-term support unless productive jobs are created
- C. They increase national debt in every case
- D. They are meant only for urban areas
Answer: B. They mainly provide short-term support unless productive jobs are created
Poverty alleviation schemes can provide relief and temporary employment, but lasting reduction in unemployment requires sustained job creation and economic growth. Hence, they are not a complete permanent solution by themselves.
Poverty alleviation schemes can provide relief and temporary employment, but lasting reduction in unemployment requires sustained job creation and economic growth. Hence, they are not a complete permanent solution by themselves.