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Consider the following statements.
1. Workers who own and operate an enterprise to earn their livelihood are known as self-employed
2. When a worker is engaged by someone or an enterprise and paid his or her wages on a regular basis, they are known as regular salaried employees
Which of the statement/statements is/are correct?
- a)1 Only
- b)2 Only
- c)Both 1 and 2
- d)None of them
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements.1. Workers who own and operate an e...
- Let us take three workers from the construction industry — a cement shop owner, a construction worker and a civil engineer of a construction company.
- Since the status of each one of them is different from another, they are also called differently. Workers who own and operate an enterprise to earn their livelihood are known as self-employed.
- Thus the cement shop owner is self-employed. About 52 per cent of the workforce in India belongs to this category. The construction workers are known as casual wage labourers; they account for 30 per cent of India’s workforce.
- Such labourers are casually engaged in others’ farms and, in return, get a remuneration for the work done. Workers like the civil engineer working in the construction company account for 18 percent of India’s workforce.
When a worker is engaged by someone or an enterprise and pays his or her wages on a regular basis, they are known as regular salaried employees.
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Consider the following statements.1. Workers who own and operate an e...
Statement 1: Workers who own and operate an enterprise to earn their livelihood are known as self-employed.
Statement 2: When a worker is engaged by someone or an enterprise and paid his or her wages on a regular basis, they are known as regular salaried employees.
The correct answer is option C, which means both statements 1 and 2 are correct.
Explanation:
Self-employed workers:
When workers own and operate their own enterprise to earn a livelihood, they are considered self-employed. They work independently and are responsible for managing and running their own businesses. Self-employed individuals have control over their work and are not directly employed by another person or company. They take on the risks and benefits of their business and have more flexibility in terms of working hours and decision-making. Examples of self-employed individuals include freelancers, consultants, contractors, and small business owners.
Regular salaried employees:
Regular salaried employees, on the other hand, are workers who are engaged by someone or an enterprise and receive wages or salaries on a regular basis. They work for an employer and are subject to the terms and conditions of employment set by the employer. Regular salaried employees typically work fixed hours, are entitled to benefits and protections under labor laws, and have a more structured working arrangement. They do not have ownership or control over the enterprise they work for and are typically not involved in the decision-making process.
Conclusion:
Both self-employed workers and regular salaried employees play important roles in the labor market. While self-employed individuals have the freedom and independence to run their own businesses, regular salaried employees provide their skills and services to an employer in exchange for a fixed wage or salary. Both types of workers contribute to the economy and have their own advantages and challenges.
Statement 2: When a worker is engaged by someone or an enterprise and paid his or her wages on a regular basis, they are known as regular salaried employees.
The correct answer is option C, which means both statements 1 and 2 are correct.
Explanation:
Self-employed workers:
When workers own and operate their own enterprise to earn a livelihood, they are considered self-employed. They work independently and are responsible for managing and running their own businesses. Self-employed individuals have control over their work and are not directly employed by another person or company. They take on the risks and benefits of their business and have more flexibility in terms of working hours and decision-making. Examples of self-employed individuals include freelancers, consultants, contractors, and small business owners.
Regular salaried employees:
Regular salaried employees, on the other hand, are workers who are engaged by someone or an enterprise and receive wages or salaries on a regular basis. They work for an employer and are subject to the terms and conditions of employment set by the employer. Regular salaried employees typically work fixed hours, are entitled to benefits and protections under labor laws, and have a more structured working arrangement. They do not have ownership or control over the enterprise they work for and are typically not involved in the decision-making process.
Conclusion:
Both self-employed workers and regular salaried employees play important roles in the labor market. While self-employed individuals have the freedom and independence to run their own businesses, regular salaried employees provide their skills and services to an employer in exchange for a fixed wage or salary. Both types of workers contribute to the economy and have their own advantages and challenges.
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Consider the following statements.1. Workers who own and operate an enterprise to earn their livelihood are known as self-employed2. When a worker is engaged by someone or an enterprise and paid his or her wages on a regular basis, they are known as regular salaried employeesWhich of the statement/statements is/are correct?a) 1 Onlyb) 2 Onlyc) Both 1 and 2d) None of themCorrect answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements.1. Workers who own and operate an enterprise to earn their livelihood are known as self-employed2. When a worker is engaged by someone or an enterprise and paid his or her wages on a regular basis, they are known as regular salaried employeesWhich of the statement/statements is/are correct?a) 1 Onlyb) 2 Onlyc) Both 1 and 2d) None of themCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements.1. Workers who own and operate an enterprise to earn their livelihood are known as self-employed2. When a worker is engaged by someone or an enterprise and paid his or her wages on a regular basis, they are known as regular salaried employeesWhich of the statement/statements is/are correct?a) 1 Onlyb) 2 Onlyc) Both 1 and 2d) None of themCorrect answer is option 'C'. Can you explain this answer?.
Consider the following statements.1. Workers who own and operate an enterprise to earn their livelihood are known as self-employed2. When a worker is engaged by someone or an enterprise and paid his or her wages on a regular basis, they are known as regular salaried employeesWhich of the statement/statements is/are correct?a) 1 Onlyb) 2 Onlyc) Both 1 and 2d) None of themCorrect answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements.1. Workers who own and operate an enterprise to earn their livelihood are known as self-employed2. When a worker is engaged by someone or an enterprise and paid his or her wages on a regular basis, they are known as regular salaried employeesWhich of the statement/statements is/are correct?a) 1 Onlyb) 2 Onlyc) Both 1 and 2d) None of themCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements.1. Workers who own and operate an enterprise to earn their livelihood are known as self-employed2. When a worker is engaged by someone or an enterprise and paid his or her wages on a regular basis, they are known as regular salaried employeesWhich of the statement/statements is/are correct?a) 1 Onlyb) 2 Onlyc) Both 1 and 2d) None of themCorrect answer is option 'C'. Can you explain this answer?.
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