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Page 1 CPT Section C General Economics Chapter 6 Unit 3 Part 1 of 2 Dr C.Anirvinna Page 2 CPT Section C General Economics Chapter 6 Unit 3 Part 1 of 2 Dr C.Anirvinna MCQ’s Page 3 CPT Section C General Economics Chapter 6 Unit 3 Part 1 of 2 Dr C.Anirvinna MCQ’s a. Rural India b. Urban India c. IT sector d. Manufacturing sector Answer: (a) Page 4 CPT Section C General Economics Chapter 6 Unit 3 Part 1 of 2 Dr C.Anirvinna MCQ’s a. Rural India b. Urban India c. IT sector d. Manufacturing sector Answer: (a) a. Frictional unemployment b. Structural unemployment c. seasonal unemployment d. disguised unemployment Answer: (d) Page 5 CPT Section C General Economics Chapter 6 Unit 3 Part 1 of 2 Dr C.Anirvinna MCQ’s a. Rural India b. Urban India c. IT sector d. Manufacturing sector Answer: (a) a. Frictional unemployment b. Structural unemployment c. seasonal unemployment d. disguised unemployment Answer: (d) a. Frictional unemployment b. Structural unemployment C. Open unemployment d. Cyclical unemployment Answer: (a)Read More
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FAQs on PPT - Unemployment - Business Economics for CA Foundation
| 1. What is unemployment? |  |
Ans. Unemployment refers to the state of being without a job or the inability to find suitable employment. It is a measure of the number of people actively seeking work but unable to find employment.
| 2. What are the causes of unemployment? | |
Ans. Unemployment can have various causes, including economic factors such as recessions or a decline in industry demand, technological advancements leading to job automation, lack of necessary skills or qualifications, and structural changes in the labor market.
| 3. How is unemployment measured? | |
Ans. Unemployment is typically measured using the unemployment rate, which is calculated by dividing the number of unemployed individuals by the total labor force and multiplying by 100. The labor force includes both employed and unemployed individuals actively seeking work.
| 4. What are the different types of unemployment? | |
Ans. There are several types of unemployment, including frictional unemployment (temporary unemployment due to individuals searching for better job opportunities), structural unemployment (caused by changes in the structure of industries or technology), cyclical unemployment (resulting from economic downturns), and seasonal unemployment (temporary unemployment due to seasonal fluctuations in demand).
| 5. How does unemployment impact the economy? | |
Ans. Unemployment can have significant effects on the economy. It leads to a decrease in consumer spending, lower tax revenues, increased government spending on unemployment benefits, and a decrease in overall economic productivity. Additionally, it can contribute to social issues such as poverty and inequality.
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