Chapter Exam

Chapter 6 ECONOMICS : Unemployment Poverty and Inequalities — Online MCQ Test

Q: Which type of unemployment occurs when people are not willing to work at the prevailing wage rate?

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.

Q: The concept of 'Poverty Line' in India is primarily based on which criteria?

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.

Q: Analyze: If technological advancement replaces human labor in an industry, which type of unemployment is created?

Answer: B. Structural unemployment — Technological changes that make existing skills redundant or require new skills cause structural unemployment.

Q: In the context of the Indian economy, the 'Committees on Poverty' (like Tendulkar or Rangarajan) primarily debated what?

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.

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 for Andhra State Board CLASS 12 INTER II YEAR ECONOMICS. This chapter covers: This chapter details types and extent of unemployment causes of poverty income inequalities poverty alleviation programs and employment generation schemes.. AI-generated questions from basic to board-exam level, with instant results and explanations.

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Chapter 6 ECONOMICS : Unemployment Poverty and Inequalities — Important Questions & Answers (FAQ)

Frequently asked questions from Andhra State Board CLASS 12 INTER II YEAR ECONOMICS — Chapter 6 ECONOMICS : Unemployment Poverty and Inequalities, with answers and explanations. These are sample questions; the exam has its own separate question set.

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.

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.

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.

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.

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.