Disguised unemployment is most commonly found in which sector in India?
- A.Agriculture
- B.Information technology
- C.Banking
- D.Mining
Correct answer
Explanation
The correct answer is A, agriculture. On a small family holding every member of the household may work on the land even though the work needs far fewer hands; if some of them were withdrawn, total output would not fall. Their labour is therefore adding nothing, which is what disguised or hidden unemployment means.
Option B, information technology, and option C, banking, are organised service activities where posts are sanctioned and surplus workers are not carried in this way. Option D, mining, is organised and capital intensive for the most part. The other forms of unemployment are worth learning alongside: seasonal unemployment, where work exists only in certain months, which also afflicts agriculture, and open unemployment, where a person willing to work at the going wage finds none at all. Papers ask all three definitions in rotation.
Read the full article: Sectors of the Indian Economy: Primary to Tertiary
Practice Questions
View allMining is classified under which sector of the economy?
- A.Primary sector
- B.Secondary sector
- C.Tertiary sector
- D.Quaternary sector
Show answer
Mining takes a product straight out of nature without changing its form, exactly as farming, fishing and forestry do, and every activity of that kind is placed in the primary sector.
Read the full explanation →Which sector of the economy is also known as the service sector?
- A.Primary sector
- B.Secondary sector
- C.Tertiary sector
- D.Public sector
Show answer
It produces no goods at all; it provides services such as transport, storage, communication, trade, banking, insurance, education, health care and administration, which is why it is commonly called the service sector.
Read the full explanation →How many days of wage employment in a financial year does MGNREGA guarantee to a rural household?
- A.50 days
- B.100 days
- C.150 days
- D.200 days
Show answer
The Mahatma Gandhi National Rural Employment Guarantee Act, passed in 2005, guarantees one hundred days of wage employment in a financial year to every rural household whose adult members volunteer to do unskilled manual work.
Read the full explanation →Which sector employs the largest share of India's workforce?
- A.Primary sector
- B.Secondary sector
- C.Tertiary sector
- D.Quaternary sector
Show answer
Agriculture and its allied activities still give work to the largest number of Indians, even though the sector's contribution to national income is far smaller than that share of employment would suggest.
Read the full explanation →Banking and insurance are activities of which sector?
- A.Primary sector
- B.Secondary sector
- C.Tertiary sector
- D.Unorganised sector
Show answer
Banking and insurance create no physical product; they support production and trade by providing credit, moving money and covering risk, and such support activities are the core of the tertiary or service sector.
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