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Which of the following statements is incorrect regarding the employment sector in India?
  • a)
    The informal sector must be credited with creating jobs and keeping unemployment low.
  • b)
    By most measures informal sector jobs are much worse than formal sector ones—wages are, on average, more than 20 times higher in the formal sector, though informal  sector  wages  have grown somewhat faster between 1989-2010.
  • c)
    By most measures formal sector jobs are much worse than informal sector ones—wages  are, on average, more than 20 times higher in the informal sector, though informal  sector wages have grown somewhat faster between 1989-2010.
  • d)
    Formal sector jobs also score better on some non-pecuniary grounds.
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Which of the following statements is incorrect regarding the employmen...
The informal sector should thus be credited with creating jobs and keeping unemployment low. Yet, by most measures informal sector jobs are much worse than formal sector ones—wages are, on average, more than 20 times higher in the formal sector, though informal sector wages have grown somewhat faster between 1989-2010. Formal sector jobs also score better on some non-pecuniary grounds. For example, they allow workers to build employment history - which is important for gaining access to cheaper formal credit.
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Which of the following statements is incorrect regarding the employment sector in India?a)The informal sector must be credited with creating jobs and keeping unemployment low.b)By most measures informal sector jobs are much worse than formal sector ones—wages are, on average, more than 20 times higher in the formal sector, though informal sector wages have grown somewhat faster between 1989-2010.c)By most measures formal sector jobs are much worse than informal sector ones—wages are, on average, more than 20 times higher in the informal sector, though informal sector wages have grown somewhat faster between 1989-2010.d)Formal sector jobs also score better on some non-pecuniary grounds.Correct answer is option 'C'. Can you explain this answer?
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Which of the following statements is incorrect regarding the employment sector in India?a)The informal sector must be credited with creating jobs and keeping unemployment low.b)By most measures informal sector jobs are much worse than formal sector ones—wages are, on average, more than 20 times higher in the formal sector, though informal sector wages have grown somewhat faster between 1989-2010.c)By most measures formal sector jobs are much worse than informal sector ones—wages are, on average, more than 20 times higher in the informal sector, though informal sector wages have grown somewhat faster between 1989-2010.d)Formal sector jobs also score better on some non-pecuniary grounds.Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following statements is incorrect regarding the employment sector in India?a)The informal sector must be credited with creating jobs and keeping unemployment low.b)By most measures informal sector jobs are much worse than formal sector ones—wages are, on average, more than 20 times higher in the formal sector, though informal sector wages have grown somewhat faster between 1989-2010.c)By most measures formal sector jobs are much worse than informal sector ones—wages are, on average, more than 20 times higher in the informal sector, though informal sector wages have grown somewhat faster between 1989-2010.d)Formal sector jobs also score better on some non-pecuniary grounds.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements is incorrect regarding the employment sector in India?a)The informal sector must be credited with creating jobs and keeping unemployment low.b)By most measures informal sector jobs are much worse than formal sector ones—wages are, on average, more than 20 times higher in the formal sector, though informal sector wages have grown somewhat faster between 1989-2010.c)By most measures formal sector jobs are much worse than informal sector ones—wages are, on average, more than 20 times higher in the informal sector, though informal sector wages have grown somewhat faster between 1989-2010.d)Formal sector jobs also score better on some non-pecuniary grounds.Correct answer is option 'C'. Can you explain this answer?.
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