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 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Indian Economic Development) Chapter 7 Employment Growth, Informalisation And Other Issues Quiz 6 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. When considering a job offer, you should consider how much you're being paid and any other employee benefits before you accept the offer. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 2. Some people stay with the same company for their entire ..... . others move around to different jobs with a range of companies. A) Occupation. B) Job. C) Career. D) Position. Show Answer Correct Answer: C) Career. 3. A party who pays someone to work A) Sub-contractor. B) Employer. C) Independent contractor. D) Employee. Show Answer Correct Answer: B) Employer. 4. Laid off autoworker who is receiving unemployment benefits and is looking for a new job. A) Employed. B) Not Applicable / Not Counted. C) Not in the Labor Force. D) Unemployed. Show Answer Correct Answer: D) Unemployed. 5. Choose the correct suffix to make the word a noun for a person:technic A) -or. B) -ian. C) -ist. D) -ee. Show Answer Correct Answer: B) -ian. 6. A tax form filled out by an employee to indicate the amount that should be withheld from his/her paycheck for taxes A) Form W-2. B) Form W-3. C) Form W-1. D) Form W-4. Show Answer Correct Answer: D) Form W-4. 7. Job opportunities which are NOT publicized or advertised are known as which of the following? A) The invisible job market. B) The hidden job market. C) The secret job market. D) The unknown job market. Show Answer Correct Answer: B) The hidden job market. 8. Refers to an increase in the general price level associated with an increase in the cost of production. A) Supply Inflation. B) Cost Push Inflation. C) Imported Inflation. D) Demand Pull Inflation. Show Answer Correct Answer: B) Cost Push Inflation. 9. 35 year old project manager who was let go because his employer went bankrupt. He's applied for several similar jobs but hasn't heard back as of yet. A) Not Applicable / Not Counted. B) Not in the Labor Force. C) Unemployed. D) Employed. Show Answer Correct Answer: C) Unemployed. 10. ..... ratio is the percentage of total population engaged in work. A) Total population. B) Regular workers. C) Student-population. D) Worker-population. Show Answer Correct Answer: D) Worker-population. 11. An oral or written employment contract. A) Implied agreement. B) Express agreement. C) State and federal laws. D) Negotiated agreement. Show Answer Correct Answer: B) Express agreement. 12. Money that a company pays to workers who have lost their jobs because they are no longer needed A) Apprentice. B) Flextime. C) Shift work. D) Redundancy payment. Show Answer Correct Answer: D) Redundancy payment. 13. The technical term to denote the income of the country is ..... A) Percapita production. B) Per capita income. C) Gross Domestic Product. D) Percapita consumption. Show Answer Correct Answer: C) Gross Domestic Product. 14. What is the primary goal of Game Workers Unite? A) To build the foundations for mass game industry unionisation. B) To provide financial assistance to game developers. C) To promote video games as an art form. D) To increase the profitability of video games. Show Answer Correct Answer: A) To build the foundations for mass game industry unionisation. 15. What do taxes pay for? A) Operation of financial institutions. B) Schools, government departments, roads, and emergency services. C) Privately-owned businesses. D) None of the above. Show Answer Correct Answer: B) Schools, government departments, roads, and emergency services. 16. Bars an employer from taking back a promise that an employee reasonably relied on A) Implied covenant. B) Promissory estoppel. C) Public policy tort. D) Implied contract. Show Answer Correct Answer: B) Promissory estoppel. 17. Total pay earned AFTER taxes or deductions are taken out is A) Net pay. B) Unearned income. C) Gross pay. D) Earned income. Show Answer Correct Answer: A) Net pay. 18. Someone that works part time is counted as fully employed. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 19. It is estimated what percentage of jobs are filled through networking? A) 40 percent. B) 55 percent. C) 70 percent. D) 85 percent. Show Answer Correct Answer: C) 70 percent. 20. In a recent negotiation, Yagmur, Keegan, Saleh, Waridtha, and Adavait represented the employees in the negotiation of wages and other conditions of employment. What is this process called? A) Arbitration. B) Collective Bargaining. C) Go-Slow. D) Industrial Democracy. E) Work-to-Rule. Show Answer Correct Answer: B) Collective Bargaining. 21. Fred has worked for his employer for 12 years. His mother was diagnosed with cancer. Fred requested time off to care for his mother. His employer refused. Which act is this company violating? A) Wage and Hour Act. B) Americans with Disability Act. C) Age Discrimination in Employment Act. D) Family Medical Leave Act. Show Answer Correct Answer: D) Family Medical Leave Act. 22. What is another word for 'occupation'? A) Job. B) A training course. C) Family. D) Hobby. Show Answer Correct Answer: A) Job. 23. A person that gives up looking for work after searching for 4 weeks is counted as unemployed. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 24. Workers who are terminated despite complying with terms of their contract. A) Discharge for cause. B) Implied termination. C) Discharge without cause. D) Wrongful discharge. Show Answer Correct Answer: C) Discharge without cause. 25. It is the key to set your company a part from the other competitors ..... A) Employment relations. B) Employment Branding. C) Employees' attitude. D) All of them. Show Answer Correct Answer: B) Employment Branding. 26. A person who performs services for an organization (usually a non profit) without compensation. A) Volunteer. B) Internship. C) Apprentice. D) None of the above. Show Answer Correct Answer: A) Volunteer. 27. Title for a single or married woman. A) Miss. B) Mrs. C) Ms. D) None of the above. Show Answer Correct Answer: C) Ms. 28. Social security tax or FICA tax is taken our of your paycheck at the same percentage rate as all other workers in the United States. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 29. ..... is necessary to get good grades, achieve our goals and help our families. A) Playing. B) Holiday. C) Work. D) None of the above. Show Answer Correct Answer: C) Work. 30. The typical over time rate paid to employees who work additional hours over the normal work week is ..... times greater than the pay per hour. A) 2 1/2. B) 1. C) 2. D) 1 1/2. Show Answer Correct Answer: D) 1 1/2. 31. The unemployment rate measures the percentage of Americans that are currently not working. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 32. Time worked in addition to your usual job hours A) Internship. B) Flextime. C) Overtime. D) Trainee. Show Answer Correct Answer: C) Overtime. 33. Carl is in prison for life. He sorts laundry for $ 0.35 per hour. A) Not in the Labor Force. B) Not Applicable / Not Counted. C) Employed. D) Unemployed. Show Answer Correct Answer: B) Not Applicable / Not Counted. 34. What is the purpose of the W-4 form? A) To inform your employer of how much federal income tax to withhold from your paychecks. B) To file your tax return. C) To determine how much your gross pay should be. D) To avoid paying income taxes on your paychecks. Show Answer Correct Answer: A) To inform your employer of how much federal income tax to withhold from your paychecks. 35. The maximum value of multiplier is ..... when the value of MPC is ..... A) Infinity, zero. B) One, infinity. C) Zero. infinity. D) Infinity, one. Show Answer Correct Answer: D) Infinity, one. 36. Change in the government spending is a part of: A) Fiscal policy. B) Monetary policy. C) All the above. D) None of the above. Show Answer Correct Answer: A) Fiscal policy. 37. The newly emerging jobs are found mostly in the A) Service. B) Manufacturing. C) Agriculture. D) None of the above. Show Answer Correct Answer: A) Service. 38. Unemployment arising from workers regularly being between periods of unemployment is what type of unemployment? A) Casual unemployment. B) Cyclical unemployment. C) Regional unemployment. D) Seasonal unemployment. Show Answer Correct Answer: A) Casual unemployment. 39. People who are not willing to work at the existing wage rate are also considered as unemployed A) True. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 40. In the past few decades primary sector has created Maximum jobs in India A) True. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 41. Which legislation regulates payment of minimum wage and overtime pay? A) Fair Labor Standards Act (FLSA). B) Family & Medical Leave Act (FMLA). C) State Child Labor Laws. D) Federal Insurance Contributions Act (FICA). Show Answer Correct Answer: A) Fair Labor Standards Act (FLSA). 42. What is a union? A) Federal agency overseeing most employment discrimination law. B) Federal agency regulating and investigating workplace incidents. C) A group formed by employees to negotiate with the employer. D) A group formed by employers to negotiate with employees. Show Answer Correct Answer: C) A group formed by employees to negotiate with the employer. 43. Which of these is paid by the employer rather than being a deduction from your paycheck? A) Worker's Compensation. B) FICA (social security). C) State Taxes. D) Federal Taxes. Show Answer Correct Answer: A) Worker's Compensation. 44. They have to be brave and strong. A) A teacher. B) A firefighter. C) An IT expert. D) None of the above. Show Answer Correct Answer: B) A firefighter. 45. A country's iron industry closed down, as buyers switch their purchases of iron to another country, what type of unemployment will occur as a result of this? A) Frictional. B) Cyclical. C) Seasonal. D) Structural. Show Answer Correct Answer: D) Structural. 46. Someone who agrees to produce a finished job without being supervised. A) Employer. B) Independent contractor. C) Employee. D) Worker. Show Answer Correct Answer: B) Independent contractor. 47. Which of the following governs the sale of goods? A) Unified Commercial Code. B) Sales Commission. C) Trade of Goods Commission. D) Uniform Commercial Code. Show Answer Correct Answer: D) Uniform Commercial Code. 48. How can we describe someone who is able to be creative with the resources they have? A) Resourceful. B) Reliable. C) Honest. D) Motivated. Show Answer Correct Answer: A) Resourceful. 49. Which of the following policies will be used to reduce frictional unemployment? A) Use supply-side policy measures to improve the performance of the labour market. B) Supply-side policy measures to improve the quality of training and education. C) Expansionary fiscal policy and monetary policy measures to increase government spending and decrease taxes. D) Contractionary monetary policy to increase rates of interest. Show Answer Correct Answer: A) Use supply-side policy measures to improve the performance of the labour market. 50. Your salary is one thing to consider when reviewing a job offer but benefits are also important. Which of the following would NOT be a part of your benefits package? A) Healthcare insurance. B) Matching contributions to a retirement account. C) Disability insurance. D) FICA. Show Answer Correct Answer: D) FICA. 51. An employee that is hired to work when there is an increase in business such as around the holidays. A) Volunteer. B) Internship. C) Seasonal. D) None of the above. Show Answer Correct Answer: C) Seasonal. 52. Involuntary unemployment is the result of workers' voluntary decisions to leave their jobs or reduce working hours. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 53. Choose the correct definition:quota A) Sth that sb said. B) A number of people. C) All the above. D) None of the above. Show Answer Correct Answer: B) A number of people. 54. Which of the following is also known as hidden unemployment A) Seasonal unemployment. B) Open employment. C) Disguised unemployment. D) None of these. Show Answer Correct Answer: C) Disguised unemployment. 55. When individuals lose jobs due to a decline in the economy (aggregate demand), often during an economic recession. A) Seasonal Unemployment. B) Structural Unemployment. C) Cyclical Unemployment. D) Frictional Unemployment. Show Answer Correct Answer: C) Cyclical Unemployment. 56. Who is considered an alien on an I-9 form? A) A person who is a citizen through naturalization. B) A person who is not a citizen. C) An adult over 18. D) A child under 18. Show Answer Correct Answer: B) A person who is not a citizen. 57. A type of work where the employee is expected to complete a certain number of hours per week, usually 40 hours. Examples:teacher, nurse, engineer A) Part-Time. B) Gig Worker. C) Full-Time. D) Contractor. Show Answer Correct Answer: C) Full-Time. 58. Means an employer or employee can end an employment relationship at any time for any reason A) Individual contracts. B) Unionized employees. C) Protected classes. D) Employment-at-will. Show Answer Correct Answer: D) Employment-at-will. 59. An agreement between an employer and a union such that the union will represent all the workers at a particular workplace. A) Staff Associations. B) Strikes. C) Industrial Action. D) Work-to-rule. E) Single-union Agreement. Show Answer Correct Answer: E) Single-union Agreement. 60. A person who is learning by practical experience under skilled workers. A) Trainee. B) Redundancy payment. C) Minimum wage. D) Part-time. Show Answer Correct Answer: A) Trainee. ← 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 5Class 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