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Consider the following statements:
1. The Periodic Labour Force Survey (PLFS) is released by the National Statistical Office (NSO).
2. Labour Force Participation Rate (LFPR) is defined as the percentage of employed persons in the population.
3. The quarterly bulletin of PLFS provides unemployment data for urban areas only.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    1 and 2 only
  • c)
    2 and 3 only
  • d)
    1 and 3 only
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Consider the following statements:1. The Periodic Labour Force Survey ...
  • Recently, the National Statistical Office (NSO) released the quarterly bulletin of Periodic Labour Force Survey (PLFS) for October-December 2020.
    • This dataset differs from the Annual Report of Periodic Labour Force Survey, which covers both rural and urban areas. Unemployment data for urban areas is released quarterly. Hence, statement 3 is correct.
      • Considering the importance of availability of labour force data at more frequent time intervals, National Statistical Office (NSO) launched Periodic Labour Force Survey (PLFS) in April 2017. Hence, statement 1 is correct.
  • Labour Force Participation Rate (LFPR): LFPR is defined as the percentage of persons in the labour force (i.e. working or seeking or available for work) in the population.
    • Worker Population Ratio (WPR): WPR is defined as the percentage of employed persons in the population. Hence, statement 2 is not correct.
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Most Upvoted Answer
Consider the following statements:1. The Periodic Labour Force Survey ...
Understanding the Statements
To determine the correctness of the statements regarding the Periodic Labour Force Survey (PLFS) and related concepts, let's analyze each statement individually.
Statement 1: PLFS Release
- The Periodic Labour Force Survey (PLFS) is indeed released by the National Statistical Office (NSO).
- This statement is correct.
Statement 2: Labour Force Participation Rate (LFPR)
- The Labour Force Participation Rate (LFPR) is defined as the percentage of the labor force (which includes both employed and unemployed individuals actively seeking work) in the total population.
- Therefore, the definition given in the statement, which refers to the percentage of employed persons, is incorrect.
Statement 3: Unemployment Data Coverage
- The quarterly bulletin of PLFS provides unemployment data specifically for urban areas only.
- This statement is correct as the quarterly reports focus on urban employment, while rural data is collected annually.
Conclusion
Based on this analysis:
- Statement 1 is correct.
- Statement 2 is incorrect.
- Statement 3 is correct.
Thus, the only correct statements are 1 and 3, leading to the conclusion that the answer is option D: 1 and 3 only.
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Consider the following statements:1. The Periodic Labour Force Survey (PLFS) is released by the National Statistical Office (NSO).2. Labour Force Participation Rate (LFPR) is defined as the percentage of employed persons in the population.3. The quarterly bulletin of PLFS provides unemployment data for urban areas only.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 and 3 onlyd)1 and 3 onlyCorrect answer is option 'D'. Can you explain this answer?
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Consider the following statements:1. The Periodic Labour Force Survey (PLFS) is released by the National Statistical Office (NSO).2. Labour Force Participation Rate (LFPR) is defined as the percentage of employed persons in the population.3. The quarterly bulletin of PLFS provides unemployment data for urban areas only.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 and 3 onlyd)1 and 3 onlyCorrect answer is option 'D'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements:1. The Periodic Labour Force Survey (PLFS) is released by the National Statistical Office (NSO).2. Labour Force Participation Rate (LFPR) is defined as the percentage of employed persons in the population.3. The quarterly bulletin of PLFS provides unemployment data for urban areas only.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 and 3 onlyd)1 and 3 onlyCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:1. The Periodic Labour Force Survey (PLFS) is released by the National Statistical Office (NSO).2. Labour Force Participation Rate (LFPR) is defined as the percentage of employed persons in the population.3. The quarterly bulletin of PLFS provides unemployment data for urban areas only.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 and 3 onlyd)1 and 3 onlyCorrect answer is option 'D'. Can you explain this answer?.
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