This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Economics Indian Economic Development > Class 11 Economics (Indian Economic Development) Chapter 7 Employment Growth, Informalisation And Other Issues – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Indian Economic Development) Chapter 7 Employment Growth, Informalisation And Other Issues Quiz 3 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Choose the correct suffix to make the word a noun for a person:physic A) -ist. B) -ee. C) -er. D) -or. Show Answer Correct Answer: A) -ist. 2. Which of these is NOT a characteristic of an unemployed person? A) He/she is laid off from a job in the succeeding months. B) He/she is undergoing a career change. C) He/she does not work. D) He/she has made specific efforts to find a job. Show Answer Correct Answer: C) He/she does not work. 3. At equilibrium level: A) Consumption= investment. B) Aggregate demand = aggregate saving. C) Saving=investment. D) Consumption= saving. Show Answer Correct Answer: C) Saving=investment. 4. A person is able to receive unearned income by: A) Being self-employed. B) Receiving retirement income. C) Receiving money from a business you own. D) Working for someone who pays you. Show Answer Correct Answer: B) Receiving retirement income. 5. Choose the correct definition:hefty A) Big. B) Small. C) All the above. D) None of the above. Show Answer Correct Answer: A) Big. 6. Most of the disguised unemployed persons in india are found in A) Trade. B) Industry. C) Agriculture. D) Transport. Show Answer Correct Answer: C) Agriculture. 7. A company that is owned or controlled by another larger company is called A) Headquarters. B) Department. C) Corporation. D) Subsidiary. Show Answer Correct Answer: D) Subsidiary. 8. The resource that is not needed to achieve ones goal is ..... A) Time. B) Shelter. C) Money. D) None of the above. Show Answer Correct Answer: B) Shelter. 9. A legal relationship that involves a contract to pay and the supervision and control of work. A) Childhood. B) Employment. C) Work. D) School. Show Answer Correct Answer: B) Employment. 10. The smallest amount of money that employers are legally allowed to pay someone who works for them A) Internship. B) Overtime. C) Redundancy payment. D) Part-time. Show Answer Correct Answer: C) Redundancy payment. 11. Valorie was sick, and had to miss work for 4 hours this week. Valorie's will not get paid for the 4 hours she missed. valorie is an ..... A) Hourly Worker. B) Salary Worker. C) All the above. D) None of the above. Show Answer Correct Answer: A) Hourly Worker. 12. Which of the following does NOT require a contract in writing? A) Actions taking longer than one year. B) Goods under $ 200. C) Goods over $ 500. D) Real Estate. Show Answer Correct Answer: B) Goods under $ 200. 13. Informal sector employment includes all such private enterprises with less than 10 workers. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 14. What is a promotion? A) A job or profession. B) An advantage or profit gained from something. C) The action of raising someone to a higher position or rank. D) A regular payment made by an employer to an employee. Show Answer Correct Answer: C) The action of raising someone to a higher position or rank. 15. Which of the following is a valuable starting point, but should NOT be used as your sole resource for job searching? A) Networking. B) The internet. C) Newspaper advertisements. D) Career fairs. Show Answer Correct Answer: B) The internet. 16. A person has a contract with a company but invoices their work, uses their own equipment, and has their own insurance A) Work Permit. B) Seasonal. C) Contractor. D) Fixed-Term. Show Answer Correct Answer: C) Contractor. 17. The number of persons employed per hundred persons is termed as A) Worker population ratio. B) Capital gain ratio. C) Head Count ratio. D) Legal reserve ratio. Show Answer Correct Answer: A) Worker population ratio. 18. You have wanted an iPhone 12 since they announced that it will be released in October 2020. You save your money to buy one, even though your Galaxy S8 works just fine.Which economic goal does this example best define? A) Freedom. B) Security. C) Equity. D) Price stability. Show Answer Correct Answer: A) Freedom. 19. Nowadays ..... are looking for quite a lot in their potential employees. A) Staff. B) Employers. C) Team. D) Executive. Show Answer Correct Answer: B) Employers. 20. Sixteen year old high school junior working at McDonalds after school a few nights a week. A) Not Applicable / Not Counted. B) Unemployed. C) Employed. D) Not in the Labor Force. Show Answer Correct Answer: C) Employed. 21. Which trait do you think is most important if you want to be a doctor? A) Well-groomed. B) Articulate. C) Compassionate. D) Creative. Show Answer Correct Answer: C) Compassionate. 22. Means a principal has an obligation not to interfere with an agent and make it difficult or impossible for an agent to carry out his or her duties A) Loyalty. B) Cooperation. C) Judgement. D) Good faith. Show Answer Correct Answer: B) Cooperation. 23. WHO BENEFITS AND WHO LOSES WHEN UNEXPECTED INFLATION OCCURS? A) Creditors benefit; debtors lose. B) Creditors lose; debtors benefit. C) All the above. D) None of the above. Show Answer Correct Answer: B) Creditors lose; debtors benefit. 24. Formal sector includes all those private enterprises which hire less than 10 workers A) True. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 25. What is an interview? A) A regular paid job. B) A long-term occupation with progress opportunities. C) Having a paid job. D) A formal meeting for questioning or evaluating someone. Show Answer Correct Answer: D) A formal meeting for questioning or evaluating someone. 26. Choose the correct definition:sue sb A) Forgive sb. B) Take sb to court. C) All the above. D) None of the above. Show Answer Correct Answer: B) Take sb to court. 27. Casualisation of workforce refers to a situation when the % of casually-hired workers tend to ..... over time. A) Stay the same. B) Fall. C) Rise. D) None of the above. Show Answer Correct Answer: C) Rise. 28. The authors' reference to "compelling research by sociologist Margarita Torre" is an example of: A) Kairos. B) Ethos. C) Pathos. D) Logos. Show Answer Correct Answer: B) Ethos. 29. What is the significance of in-game purchases? A) They have no impact on the gaming industry. B) They are illegal in most countries. C) They decrease the overall revenue of video games. D) They are a popular monetisation model adding an additional revenue stream. Show Answer Correct Answer: D) They are a popular monetisation model adding an additional revenue stream. 30. The construction workers who are known as casual wage labourers. What is percentage of these workers among India's total workforce. A) 50%. B) 30%. C) 60%. D) 40%. Show Answer Correct Answer: B) 30%. 31. What are skills? A) A job or profession. B) A regular payment made by an employer to an employee. C) A profit gained from something. D) The ability to do something well. Show Answer Correct Answer: D) The ability to do something well. 32. Full employment is a condition where all available labour resources are utilized in the most efficient manner possible, with only frictional unemployment existing. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 33. The process of moving from self-employment and regular salaried employment to casual wages work is known as A) (a) Information of work force. B) (b) Casualisation of work force. C) Both (a) and (b). D) Neither (a) nor (b). Show Answer Correct Answer: B) (b) Casualisation of work force. 34. The Maximum value of MPC can be:- A) 1. B) 0. C) Infinity. D) 0.5. Show Answer Correct Answer: A) 1. 35. Which of the following occurs when the original offer is not accepted and a new offer is returned in place of the original offer? A) Consideration. B) Replacement offer. C) Acceptance. D) Counter offer. Show Answer Correct Answer: D) Counter offer. 36. The percentage of female workforce is lower in urban areas because: A) Female education in India is still a far cry. B) Females in urban areas does not prefer to take jobs. C) Job work for women is governed by family decisions. D) Both a & c. Show Answer Correct Answer: D) Both a & c. 37. A type of work where the employee is not committed to a particular employer long term. Examples:retail worker, restaurant server, tutor A) Apprenticeship. B) Part-Time. C) Contractor. D) Full-Time. Show Answer Correct Answer: B) Part-Time. 38. The amount of money you make before taxes and deductions ..... A) Gross Pay. B) Net Pay. C) All the above. D) None of the above. Show Answer Correct Answer: A) Gross Pay. 39. ..... refer to the situation when aggregate supply falls short of aggregate demand corresponding to full employment level of output in the economy. A) Deficient demand. B) Excess demand. C) Inflationary gap. D) Deflationary gap. Show Answer Correct Answer: B) Excess demand. 40. What is the definition of experience? A) The skills and knowledge required for a job. B) Knowledge or skill gained from participation in events or activities. C) An occupation undertaken for a significant period of a person's life. D) A job or profession. Show Answer Correct Answer: B) Knowledge or skill gained from participation in events or activities. 41. Reviewing job opportunity advertisements in the newspaper, on the radio or at the place of business may take more effort than some other methods, but which of the following is their advantage? A) Higher pay. B) More flexibility. C) Less competition. D) Fewer qualifications. Show Answer Correct Answer: C) Less competition. 42. Whan you are entitled to to something it means that you A) Receive a formal warning. B) Have the right to do something. C) Have a habbit of doing something. D) Are forbidden from doing something. Show Answer Correct Answer: B) Have the right to do something. 43. Employment branding is targeting: A) Experienced employees. B) Expatriates. C) Talented employees. D) Fresh graduates. E) All of them. Show Answer Correct Answer: E) All of them. 44. What is a flexible labour force? A) A labour force that is able to specialize in only one form of production. B) A labour force that can adjust quickly and smoothly to changes in market conditions. C) A labour force that is able to avoid frictional unemployment. D) A labour force that is more efficient than capital equipment. Show Answer Correct Answer: B) A labour force that can adjust quickly and smoothly to changes in market conditions. 45. What is an 'asset'? A) A job package. B) A required skill. C) An advantage. D) An applicant for a job. Show Answer Correct Answer: C) An advantage. 46. Which of the following is NOT an area of employment law? A) Pensions. B) Contract. C) Collective Bargaining. D) Discrimination. Show Answer Correct Answer: B) Contract. 47. Taxes taken out of your paycheck are referred to as: A) Withholdings. B) Free money. C) Earned income. D) Unearned income. Show Answer Correct Answer: A) Withholdings. 48. When GDP increases at higher rate then employment, this type of growth is referred to as: A) Jobfull growth. B) Jobless growth. C) Growth along with employment. D) None of these. Show Answer Correct Answer: B) Jobless growth. 49. Unemployment caused by long-term changes in the patterns of demand is known as A) Seasonal Unemployment. B) Cyclic Unemployment. C) Frictional Unemployment. D) Structural Unemployment. Show Answer Correct Answer: D) Structural Unemployment. 50. A relationship built on trust A) Compensation. B) Fiduciary. C) Reimbursement. D) Indemnification. Show Answer Correct Answer: B) Fiduciary. 51. An employee that has a contract to work for a specified period of time A) Work Permit. B) Volunteer. C) Fixed-Term. D) Apprentice. Show Answer Correct Answer: C) Fixed-Term. 52. The 1040N is the form used to file your state income tax return. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 53. What is the Value of Multiplier When S =-100 + 0.2 Y (SAVING FUNCTION) A) 4.0. B) 0.5. C) 1.5. D) 5.0. Show Answer Correct Answer: D) 5.0. 54. What is the main focus of the EU Whistleblower Directive? A) Promoting video game development. B) Protecting individuals who report breaches of EU law. C) Reducing carbon emissions. D) Encouraging the use of renewable energy. Show Answer Correct Answer: B) Protecting individuals who report breaches of EU law. 55. Identify which one is the example/examples of Investment? A) Purchase of machinery. B) Purchase of car. C) Purchase of building. D) All of the given. Show Answer Correct Answer: D) All of the given. 56. The use of a third party in industrial disputes to encourage both employer and union to discuss an acceptable compromise solution. A) Work-to-Rule. B) Deadlock. C) Conciliation. D) Go-Slow. E) Conflict. Show Answer Correct Answer: C) Conciliation. 57. Money received, especially on a regular basis, from work, investments, or other means is called ..... A) Income. B) Cash. C) Investments. D) Savings. Show Answer Correct Answer: A) Income. 58. Active military personnel are counted as employed. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 59. In a recent meeting, Adavait, Waridtha, Isabelle, Ha, and Saleh discussed the benefits of joining a collective organization of manufacturers, retailers, or other employers of wage labor. What is this organization called? A) Conflict Resolution. B) Employers' Association. C) Go-Slow. D) Industrial Democracy. E) Deadlock. Show Answer Correct Answer: B) Employers' Association. 60. They have to help students learn. A) An engineer. B) A shop worker. C) A teacher. D) None of the above. 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