Directions: In the questions given below, there are two statements mar...
Unemployment leads to wastage of manpower resources. People who are an asset for the economy turn into a liability. There is a feeling of hopelessness and despair among the youth. People do not have enough money to support their family. Inability of educated people who are willing to work to find gainful employment implies a great social waste.
View all questions of this test
Directions: In the questions given below, there are two statements mar...
Assertion (A): People who are an asset for the economy turn into a liability.
Reason (R): Unemployment has a detrimental impact on the overall growth of an economy.
The correct answer is option 'A' - Both A and R are true and R is the correct explanation of A.
Explanation:
Asset turning into a liability:
1. An asset is something or someone that has value and contributes positively to the economy.
2. When people are employed and actively contributing to the economy, they are considered as assets.
3. They earn an income, pay taxes, and contribute to the overall growth and development of the economy.
4. However, when these individuals become unemployed, they may turn into a liability for the economy.
5. They are no longer able to contribute to the economy, and instead become dependent on government support and social welfare programs.
6. This can put a strain on the economy and increase the burden on the government and taxpayers.
Impact of unemployment on the economy:
1. Unemployment refers to a situation where individuals who are willing and able to work are unable to find employment.
2. When unemployment levels are high, it has a detrimental impact on the overall growth and development of the economy.
3. The reason for this is that unemployed individuals are unable to contribute to the production of goods and services.
4. This leads to a decrease in the overall output of the economy, known as the Gross Domestic Product (GDP).
5. With lower output, businesses may struggle to generate profits, leading to reduced investments and economic activity.
6. Unemployment also leads to a decrease in consumer spending, as individuals have less disposable income.
7. This further hampers economic growth, as consumer spending is a major driver of economic activity.
8. Additionally, unemployment can also have social and psychological impacts, such as an increase in poverty, crime, and mental health issues.
Conclusion:
1. The assertion that people who are an asset for the economy turn into a liability is true.
2. Unemployment, as stated in the reason, has a detrimental impact on the overall growth of an economy.
3. When individuals become unemployed, they are no longer able to contribute to the economy, and instead become dependent on government support.
4. This puts a strain on the economy and hampers its growth and development.
5. Therefore, both A and R are true, and R is the correct explanation of A.
Directions: In the questions given below, there are two statements mar...
16) Assertion (A) The people should be an asset and not a liability for the country. Reason (R) They must contribute towards the betterment of te economy.
a) Both A and R are true and R is the correct explanation of A. b) Both A and R are true and R is not the correct explanation of A
17) Which one of the following types of vegetation does rubber belong to?
a) Tundra b) Himalayan c) Tidal d) Tropical Evergreen
18) The word "Negroes" means.
a) Indigenous people of America b) Indigenous people of Africa
c) Peoples of Europe
d) Peoples of Nigeria
19) A landmass bounded by sea on three sides is referred to as.....
a) Coast
b) Peninsula
c) Island
d) None of these
20) In which of the following states is the Wular Lake is located?
Section B
a) Rajasthan b) Punjab c) Uttar Pradesh d) Jammu and Kashmir
d) A is false but B is true
pentonic
c) A is true but B is
To make sure you are not studying endlessly, EduRev has designed Class 9 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 9.