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 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Indian Economic Development) Chapter 7 Employment Growth, Informalisation And Other Issues Quiz 5 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The gig economy offers ..... A) The migration of workers to high-tech jobs. B) The total availability of employment and labor in the economy. C) Flexible, short-term, and independent jobs. D) An economic system in which assets or services are shared between individuals. Show Answer Correct Answer: C) Flexible, short-term, and independent jobs. 2. Workers who are injured on the job are legally entitled to this to help pay for medical expenses, lost wages, and recovery of injury. A) Negotiated compensation. B) Unemployment compensation. C) Safe working conditions. D) Worker's compensation. Show Answer Correct Answer: D) Worker's compensation. 3. Read the Following statement carefully.Statement 1:There is a direct relationship between MPC and the value of Multiplier.Statement 2:Multiplier Higher the MPC, more will be the value of multiplier and vice-versa. A) Statement one is true and two 2 is false. B) Both the statement are true. C) Statement two is true and one is false. D) None of the statement are true. Show Answer Correct Answer: B) Both the statement are true. 4. A 52 year old out of work coal miner who stays at home but isn't looking for a job. A) Employed. B) Unemployed. C) Not in the Labor Force. D) Not Applicable / Not Counted. Show Answer Correct Answer: C) Not in the Labor Force. 5. Which of the following is a group formed by employees to negotiate with employers? A) Agents. B) Union. C) Collective bargainers. D) Task force. Show Answer Correct Answer: B) Union. 6. Usually this is a ..... or part-time job during their school holidays or at weekends. A) Permanent. B) Temporary. C) Creative. D) Full-time. Show Answer Correct Answer: B) Temporary. 7. The principal must pay the agent for any money the agent spent on behalf of the principal A) Compensation. B) Indemnification. C) Reimbursement. D) Fiduciary. Show Answer Correct Answer: C) Reimbursement. 8. Which of the following is not the reason for excess demand? A) Fall in the consumption. B) Reduction in taxes. C) Increase in investment. D) Deficit financing. Show Answer Correct Answer: A) Fall in the consumption. 9. The article's discussion of future job projections primarily relies on: A) Emotional appeals. B) Expert testimony. C) Statistical evidence. D) Personal opinions. Show Answer Correct Answer: C) Statistical evidence. 10. Someone who receives a wage, has tax taken out by their employer A) Employed. B) Casual. C) Volunteer. D) Work Permit. Show Answer Correct Answer: A) Employed. 11. Which of the following is a possible tax or deduction that they may show up on your paycheck? A) Federal income tax. B) Contributions to retirement savings. C) FICA. D) All of these. Show Answer Correct Answer: D) All of these. 12. This is a way for two or more parties to find a peaceful solution to a disagreement among them. The disagreement may be personal, financial, political, or emotional. When a dispute arises, often the best course of action is negotiation to resolve the disagreement. A) Go-Slow. B) Deadlock. C) Conciliation. D) Conflict Resolution. E) Industrial Democracy. Show Answer Correct Answer: D) Conflict Resolution. 13. A system in which different groups of workers work somewhere at different times of the day and night. A) Maternity leave. B) Redundancy payment. C) Trainee. D) Shift work. Show Answer Correct Answer: D) Shift work. 14. Which of these describes a situation where a pilot accepts the job of a taxi driver? A) Under employment. B) Unemployment. C) All the above. D) None of the above. Show Answer Correct Answer: A) Under employment. 15. Generally, the more education you receive, the higher your lifetime earnings will be. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 16. A 40 year old man living at home collecting a disability check. A) Not in the Labor Force. B) Not Applicable / Not Counted. C) Employed. D) Unemployed. Show Answer Correct Answer: A) Not in the Labor Force. 17. Which of the following options best describes the concept of 'industrial democracy'? A) Strikes. B) Deadlock. C) Industrial Democracy. D) Industrial Action. E) Go-Slow. Show Answer Correct Answer: C) Industrial Democracy. 18. The newly emerging jobs are mostly found in ..... sector? A) Agricultural. B) Manufacturing. C) Service. D) All of these. Show Answer Correct Answer: C) Service. 19. How many full service DMV Office locations are in Las Vegas, Nevada A) 7. B) 4. C) 10. D) 8. Show Answer Correct Answer: B) 4. 20. Read the definitions carefully and match them with the right word.a person who is learning and practicing the skills of a particular job A) Minimum wage. B) Overtime. C) Apprentice. D) Flextime. Show Answer Correct Answer: C) Apprentice. 21. Permits a fired employee to sue an employer if the firing harmed the public good in some way A) Public policy tort. B) Promissory estoppel. C) Implied contract. D) Implied covenant. Show Answer Correct Answer: A) Public policy tort. 22. Unemployment people is calculated as A) Labour force-work force. B) Labour force + Work force. C) Work force-labour force. D) None of these. Show Answer Correct Answer: A) Labour force-work force. 23. A man with a PhD working as a waiter at Olive Garden about 20-25 hours a week. A) Unemployed. B) Not in the Labor Force. C) Employed. D) Not Applicable / Not Counted. Show Answer Correct Answer: C) Employed. 24. What is Net Pay? A) The amount of pay earned for the total number of hours worked. B) The amount of money you're paid after all taxes and deductions are taken out of your paycheck. C) The amount of money you're paid before all taxes and deductions are taken out of your paycheck. D) Your gross pay plus any bonuses. Show Answer Correct Answer: B) The amount of money you're paid after all taxes and deductions are taken out of your paycheck. 25. When an individual's pay is based on a fixed compensation, received typically monthly or bi-weekly, the individual earns a(n): A) Hourly wage. B) Net wage. C) Annual salary. D) Gross salary. Show Answer Correct Answer: C) Annual salary. 26. This organisation is made up of members (a membership-based organisation) and its membership must be made up mainly of workers. One of a trade union's main aims is to protect and advance the interests of its members in the workplace. Most trade unions are independent of any employer. A) Strikes. B) Trade Unions. C) Collective Bargaining. D) Walk-out. E) Waffles. Show Answer Correct Answer: B) Trade Unions. 27. It is a good way to ..... some money A) Admit. B) Earn. C) Deserve. D) Find. Show Answer Correct Answer: B) Earn. 28. Health insurance for retired people. A) Net pay. B) Social security. C) Medicare. D) FICA. Show Answer Correct Answer: C) Medicare. 29. Unemployment Rate = A) Population / # of unemployed X 100. B) # of unemployed / # in the civilian labor force X 100. C) # in the civilian labor force / # of unemployed X 100. D) None of the above. Show Answer Correct Answer: B) # of unemployed / # in the civilian labor force X 100. 30. Billy has offered to walk his neighbors dog every day for one week while she is on vacation. She has agreed to pay billy $ 10 for every day he works. Billy's work can be considered ..... A) Temporary Employment. B) Permanent Employment. C) All the above. D) None of the above. Show Answer Correct Answer: A) Temporary Employment. 31. If we get ..... for the work it is called employment. A) A holiday. B) Lunch. C) Paid. D) None of the above. Show Answer Correct Answer: C) Paid. 32. A serious disagreement or argument, typically a protracted one. A) Conciliation. B) Work-to-Rule. C) Conflict. D) Industrial Democracy. E) Employers' Asscociation. Show Answer Correct Answer: C) Conflict. 33. Fair pay for a job A) Compensation. B) Reimbursement. C) Indemnification. D) Fiduciary. Show Answer Correct Answer: A) Compensation. 34. Megan recently applied for position at a store in the mall. She has a prosthetic arm. The employer refused to hire her for a sales position. Which act is this company violating? A) Wage and Hour Act. B) Americans with Disability Act. C) Age Discrimination in Employment Act. D) Family Medial Leave Act. Show Answer Correct Answer: B) Americans with Disability Act. 35. The form you fill out when you are filing a tax return. A) 1040. B) W4. C) I9. D) 1099. Show Answer Correct Answer: A) 1040. 36. Total pay earned BEFORE taxes or deductions are taken out is A) Net pay. B) Earned income. C) Unearned income. D) Gross pay. Show Answer Correct Answer: D) Gross pay. 37. In the Indian Economy, without generating employment, we have been able to produce more goods and services, this phenomenon is known as- A) Joyful Growth. B) Growth with job. C) Workless growth. D) Jobless Growth. Show Answer Correct Answer: D) Jobless Growth. 38. The organised sector employment contribute ..... percent to the GDP. A) 8. B) 7. C) 6. D) 5. Show Answer Correct Answer: A) 8. 39. When considering employment, which of the following is the first thing you should think about? A) The type of job you want. B) If you will have vacation time. C) Who your co-workers will be. D) If you will like your boss. Show Answer Correct Answer: A) The type of job you want. 40. Work is anything we do that takes ..... A) Effort. B) Spending. C) Time. D) None of the above. Show Answer Correct Answer: A) Effort. 41. Which of these does not describe Hourly Work? A) Is paid based on an annual amount. B) Is paid a set amount each hour. C) Is paid only for hours worked. D) None of the above. Show Answer Correct Answer: A) Is paid based on an annual amount. 42. Which option is related with MPS? A) Change in income due to change in consumption. B) Change in consumption due to change in income. C) Change in savings due to change in income. D) Change in income due to change in savings. Show Answer Correct Answer: C) Change in savings due to change in income. 43. The amount of money you're paid, after all taxes and deductions are taken out of your paycheck is called ..... A) Net pay. B) Year-to-date pay. C) Total pay. D) Gross pay. Show Answer Correct Answer: A) Net pay. 44. Will certain social services help you obtain your employment cards A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 45. They should have ..... , an impressive CV and preferably have some relevant work experience. A) Respondents. B) Qualifications. C) Explanations. D) Deadlines. Show Answer Correct Answer: B) Qualifications. 46. What does the increase in informalization point to? A) Success of India's economic policies. B) Growing vulnerability of the workforce. C) Success of 1991 policies. D) Higher productivity of workforce. Show Answer Correct Answer: B) Growing vulnerability of the workforce. 47. Which category constitutes highest proportion in workforce? A) Self employed. B) Casual wage labourers. C) Regular salaried employees. D) None of the above. Show Answer Correct Answer: A) Self employed. 48. The 'normal' amount of hours worked in a week and per year are: A) 38; 2038. B) 42; 2042. C) 40; 2040. D) 40; 2080. Show Answer Correct Answer: D) 40; 2080. 49. This is another name for a resume. It lists your experience, education, and skills. A) FICA. B) CV or Curriculum vitae. C) Cover letter. D) Federal income tax. Show Answer Correct Answer: B) CV or Curriculum vitae. 50. When you see this deduction on your paystub, you know it is for social security and medicare. A) Resume. B) W-2. C) CV. D) FICA. Show Answer Correct Answer: D) FICA. 51. Very often young people get their first work ..... at school A) Style. B) Occupation. C) Experience. D) Condition. Show Answer Correct Answer: C) Experience. 52. A system of working in which people work a set number of hours within a fixed period of time, but can change the time they start or finish work A) Redundancy payment. B) Maternity leave. C) Minimum wage. D) Flextime. Show Answer Correct Answer: D) Flextime. 53. An 18 year old high school cash only babysitter is counted as employed. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 54. ..... are hired on a permanent basis and also get social secjrity benefits A) Casual workers. B) Self employed workers. C) Regular workers. D) None of these. Show Answer Correct Answer: C) Regular workers. 55. A full time construction worker working 60+ hours a week at $ 18 per hour plus overtime pay. A) Unemployed. B) Not Applicable / Not Counted. C) Employed. D) Not in the Labor Force. Show Answer Correct Answer: C) Employed. 56. Which of the following is NOT part of a contract? A) Consideration. B) Introduction. C) Acceptance. D) Offer. Show Answer Correct Answer: B) Introduction. 57. Contracts are usually regulated and enforced by which of the following? A) The county in which they are written. B) The country in which they are written. C) The city in which they are written. D) The state in which they are written. Show Answer Correct Answer: D) The state in which they are written. 58. In which of the following type of unemployment is the marginal productivity of the worker zero? A) Involuntary unemployment. B) Disguised unemployment. C) Seasonal unemployment. D) Structural unemployment. Show Answer Correct Answer: B) Disguised unemployment. 59. Marginal productivity of the workers is zero in case of ..... A) Employment. B) Jobless Growth. C) Underemployment. D) Disguised Employment. Show Answer Correct Answer: D) Disguised Employment. 60. What is a postcode? A) Your telephone nummber. B) Your house number. C) The number and letters for your street. D) None of the above. Show Answer Correct Answer: C) The number and letters for your street. ← PreviousNext →Related QuizzesCommerce QuizzesClass 11 QuizzesClass 11 Economics (Indian Economic Development) Chapter 7 Employment Growth, Informalisation And Other Issues Quiz 1Class 11 Economics (Indian Economic Development) Chapter 7 Employment Growth, Informalisation And Other Issues Quiz 2Class 11 Economics (Indian Economic Development) Chapter 7 Employment Growth, Informalisation And Other Issues Quiz 3Class 11 Economics (Indian Economic Development) Chapter 7 Employment Growth, Informalisation And Other Issues Quiz 4Class 11 Economics (Indian Economic Development) Chapter 7 Employment Growth, Informalisation And Other Issues Quiz 6Class 11 Economics (Indian Economic Development) Chapter 7 Employment Growth, Informalisation And Other Issues Quiz 7Class 11 Economics (Indian Economic Development) Chapter 7 Employment Growth, Informalisation And Other Issues Quiz 8Class 11 Economics (Indian Economic Development) Chapter 1 Indian Economy On The Eve Of Independence Quiz 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books