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 7 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Indian Economic Development) Chapter 7 Employment Growth, Informalisation And Other Issues Quiz 7 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the definition of salary? A) A fixed regular payment, typically paid monthly, made by an employer to an employee. B) The state of having a paid job. C) An occupation undertaken for a significant period of a person's life with opportunities for progress. D) A job or profession. Show Answer Correct Answer: A) A fixed regular payment, typically paid monthly, made by an employer to an employee. 2. Excess demand leads to: A) Increase in the level of employment. B) Decrease in the level of employment. C) No change in the level of employment. D) None of the above. Show Answer Correct Answer: C) No change in the level of employment. 3. 25 year old man-child who stays in his mom's basement playing video games. A) Employed. B) Not Applicable / Not Counted. C) Unemployed. D) Not in the Labor Force. Show Answer Correct Answer: D) Not in the Labor Force. 4. An example of a mandatory withholding is: A) 401(k) plan. B) Sales tax. C) Health insurance. D) Social security. Show Answer Correct Answer: D) Social security. 5. Doug is happy working as a Candy Maker at his job. Sadly, he is just filling in until they can hire some one to fill the position long term. Doug is currently an ..... A) Permanent Employee. B) Temporary Employee. C) All the above. D) None of the above. Show Answer Correct Answer: B) Temporary Employee. 6. The discussion of economic conditions affecting men's career choices primarily appeals to: A) Ethics. B) Emotion. C) Authority. D) Logic. Show Answer Correct Answer: D) Logic. 7. Shirley was laid off by her employer. What benefit is he entitled to receive? A) Unemployment comprensation. B) Worker's compensation. C) Unpaid vacation leave. D) Sick leave with pay. Show Answer Correct Answer: A) Unemployment comprensation. 8. If you use all of your PTO (paid time off), or have an emergency, you may have to ask your boss for this in order to miss work. A) FMLA. B) Paid Time. C) Gig Worker. D) Unpaid time off. Show Answer Correct Answer: D) Unpaid time off. 9. The principal must pay the agent for any losses the agent suffered on behalf of the principal A) Indemnification. B) Compensation. C) Reimbursement. D) Fiduciary. Show Answer Correct Answer: A) Indemnification. 10. A person who does temporary or freelance work, especially an independent contractor engaged in an informal or on-demand basis. Examples:DoorDash, Uber, Lyft, Etsy, UpWork A) Driver. B) Apprenticeship. C) Gig Worker. D) Externship. Show Answer Correct Answer: C) Gig Worker. 11. Unemployment due to economic fluctuations is called: A) Frictional unemployment. B) Cyclical unemployment. C) Disguised unemployment. D) Urban unemployment. Show Answer Correct Answer: B) Cyclical unemployment. 12. The acronym EEOC stands for which of the following? A) Employment Equality Opportunity commission. B) Equal Employment Opportunity Council. C) Equal Employment Opportunity Commission. D) Employment Equality Opportunity Council. Show Answer Correct Answer: C) Equal Employment Opportunity Commission. 13. Margaret just opened a restaurant in the city. She wants to hire a chef and a valet and has agreed to pay them based on a set amount for the year. This type of pay is considered ..... A) Salary Based. B) Hourly Based. C) All the above. D) None of the above. Show Answer Correct Answer: A) Salary Based. 14. The Equal Pay Act focuses on the discrimination of wages based on which of the following? A) Age. B) Race. C) Gender. D) Disability. Show Answer Correct Answer: C) Gender. 15. Which type of employment is defined as employment which can be terminated by the employer or employee at any time with or without reason? A) Full-time employment. B) At-will employment. C) Temporary employment. D) Contract employment. Show Answer Correct Answer: B) At-will employment. 16. An insurance program that provides income to people who lose their jobs and are looking for work A) Workers compensation. B) Unemployment compensation. C) Social security. D) Discrimination. Show Answer Correct Answer: B) Unemployment compensation. 17. An individual who claims 0 exemptions on the W-4 form will have less taken in taxes from their check than an individual who claims 1 exemption (assume same gross pay for each). A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 18. What right is due to be extended to workers from April 2019? A) Statutory redundancy payment. B) Itemised pay slip. C) Protection against unfair dismissal. D) Right to request flexible working hours. Show Answer Correct Answer: B) Itemised pay slip. 19. Means an agent must deal honestly with other parties and not seek personal gain or commit fraud A) Judgement. B) Good faith. C) Cooperation. D) Loyalty. Show Answer Correct Answer: B) Good faith. 20. Work means having a ..... A) Car. B) Job. C) Family. D) None of the above. Show Answer Correct Answer: B) Job. 21. Core of ER consists of: A) Employee discipline. B) Organizational culture. C) Conflict resolutions. D) All of them. Show Answer Correct Answer: D) All of them. 22. Unions sign an agreement with employers not to strike in exchange for greater involvement in decisions that affect the workforce. A) Go-Slow. B) No-Strike Agreement. C) Strikes. D) Industrial Action. E) Work-to-rule. Show Answer Correct Answer: B) No-Strike Agreement. 23. What does the Unified Patent Court deal with? A) Patent disputes within the EU. B) Trade agreements. C) Employment rights. D) Video game copyright issues. Show Answer Correct Answer: A) Patent disputes within the EU. 24. What is a significant action taken by unions to influence employment rights? A) Lobbying. B) Starting new businesses. C) Investing in technology companies. D) Creating video games. Show Answer Correct Answer: A) Lobbying. 25. This comes from your employer each year in January. It tells how much you earned in the previous year and how much you paid in taxes. You need this to file your tax return. A) CV. B) W-2. C) FICA. D) W-4. Show Answer Correct Answer: B) W-2. 26. Secondary sector is the main source of employment for majority of workers in India A) True. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 27. Becca is 16 years old and her employer wants her to use the slicer and the cardboard compactor in the deli. Which act is this company violating? A) Title VII of the Civil Rights Act of 1965. B) Family Medical Leave Act. C) Right to work laws. D) NC Youth Employment Provisions of the Wage and Hour Act. Show Answer Correct Answer: D) NC Youth Employment Provisions of the Wage and Hour Act. 28. Is a work stoppage, caused by the mass refusal of employees to work. This usually takes place in response to employee grievances. It became common during the Industrial Revolution, when mass labor became important in factories and mines. A) Staff Associations. B) Waffles. C) Strikes. D) Collective Bargaining. E) Trade Unions. Show Answer Correct Answer: C) Strikes. 29. An insurance program that provides income to workers who are injured or disabled on the job A) Social security. B) Discrimination. C) Unemployment compensation. D) Workers compensation. Show Answer Correct Answer: D) Workers compensation. 30. An example of a voluntary deduction is: A) Social security. B) Federal income tax. C) State income tax. D) Health insurance. Show Answer Correct Answer: D) Health insurance. 31. They have to like animals. A) A doctor. B) A vet. C) A police officer. D) None of the above. Show Answer Correct Answer: B) A vet. 32. Source of important terms of employment imposed upon every employment contract. A) Rules of conduct. B) State and federal laws. C) Negotiated terms. D) Liability agreement. Show Answer Correct Answer: B) State and federal laws. 33. In a library ..... A) You have to be noisy. B) You have to be quiet. C) You have to play with your friends. D) None of the above. Show Answer Correct Answer: B) You have to be quiet. 34. A master (principal) is liable for the wrongful acts of his or her servant (agent) A) Actual notice. B) Notice by publication. C) Respondeat superior. D) None of the above. Show Answer Correct Answer: C) Respondeat superior. 35. During the period 1950-2010, Gross Domestic Product (GDP) of India was ..... than the employment growth. A) Less. B) Higher. C) Equal. D) All of these. Show Answer Correct Answer: B) Higher. 36. What is a significant trend in the video games industry according to the text? A) Decline in video game sales. B) Reduction in video game diversity. C) Shift to new markets and new players. D) Decrease in video game production. Show Answer Correct Answer: C) Shift to new markets and new players. 37. They have to help sick people. A) A doctor or a nurse. B) A builder. C) A mechanic. D) None of the above. Show Answer Correct Answer: A) A doctor or a nurse. 38. The form you fill out when you get a job for taxes to be pulled from your paycheck is called ..... A) W4. B) I-9. C) All the above. D) None of the above. Show Answer Correct Answer: A) W4. 39. The form you fill out when you start a job listing the number of exemptions you are claiming and identifying your marital status is: A) 1040 Form. B) 1040N Form. C) W-2 Form. D) W-4 Form. Show Answer Correct Answer: D) W-4 Form. 40. A ..... person takes care to do things carefully and correctly A) Conscientious. B) Ambitious. C) Open-minded. D) Easy-going. Show Answer Correct Answer: A) Conscientious. 41. Someone who works for themselves or is the owner of a business. A) Intern. B) Entrepreneur. C) Apprentice. D) None of the above. Show Answer Correct Answer: B) Entrepreneur. 42. Catherine just started a job at a new store that opened in town. Catherine's boss agreed that she be paid $ 12 for each hour she works. Catherine's work can be considered ..... A) Salary based. B) Hourly based. C) All the above. D) None of the above. Show Answer Correct Answer: B) Hourly based. 43. Is an association of employees which performs some of the functions of a trade union, such as representing its members in discussions with management. It may also have other social and professional purposes. A) Staff Associations. B) Single-union Agreement. C) Deadlock. D) Negotiation. E) Collective Bargaining. Show Answer Correct Answer: A) Staff Associations. 44. Slope of Consumption Function is called: A) APS. B) APC. C) Autonomous Consumption. D) MPC. Show Answer Correct Answer: D) MPC. 45. What rhetorical device is employed when discussing the "glass escalator" versus "glass ceiling" ? A) Metaphor. B) Hyperbole. C) Alliteration. D) Onomatopoeia. Show Answer Correct Answer: A) Metaphor. 46. Temporary Employment is ..... A) When a person is only employed part-time and does not work full-time hours. B) When a person is fired or quits after a short period of time. C) When a person is employed until a set date, or until a specific task is completed. D) None of the above. Show Answer Correct Answer: C) When a person is employed until a set date, or until a specific task is completed. 47. What are pensions? A) Groups formed by employees to negotiate with the employer. B) People, organizations or corporations. C) Judge-made laws passed down over the years. D) Payments made to employees after they have retired. Show Answer Correct Answer: D) Payments made to employees after they have retired. 48. In Nebraska, individuals who work will do two (2) income tax returns each year, one for federal income tax and one for state income tax. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 49. Which of the following are laws which protect workers? A) Health Insurance Laws. B) Wage Laws. C) Employment Laws. D) Financial Laws. Show Answer Correct Answer: C) Employment Laws. 50. Which of these is not an employee duty to their employer? A) Duty of Obedience. B) Duty of Loyalty and Honesty. C) Duty of Reasonable Skill. D) Duty of Reasonable Treatment. E) Duty of Reasonable Performance. Show Answer Correct Answer: D) Duty of Reasonable Treatment. 51. In employee relations we focus on A) Employee Benefits. B) Employee training. C) Employee conflicts. D) Employee base pay. Show Answer Correct Answer: C) Employee conflicts. 52. Majority of workers from scheduled castes, tribes andbackward communities find themselves in the ..... sector. A) Agriculture. B) Service. C) Unorganised. D) Organised. Show Answer Correct Answer: C) Unorganised. 53. Select the incorrect answer.The benefits of work is A) To help other people. B) Help people to achieve their goals. C) Is not important in life. D) None of the above. Show Answer Correct Answer: C) Is not important in life. 54. Which scheme promises 100 days of guaranteed wage employment to all rural households. A) BPL. B) SJSRY. C) PMGY. D) MNREGA. Show Answer Correct Answer: D) MNREGA. 55. When will net earning for the country may be positive? A) If have exported more in value terms than imported. B) If have imported more in value terms than exported. C) Equal export and import. D) All of these. Show Answer Correct Answer: A) If have exported more in value terms than imported. 56. The GAP by which the Aggregate Demand has exceeded the the AD that is required for Full Employment Equilibrium, It is called as:- A) Inflationary GAP. B) Deflationary GAP. C) Underemployment GAP. D) None of these. Show Answer Correct Answer: A) Inflationary GAP. 57. A person is able to receive earned income by: A) Receiving retirement income. B) Working for someone who pays you. C) Receiving alimony. D) Receiving unemployment benefits. Show Answer Correct Answer: B) Working for someone who pays you. 58. Investment Multiplier and MPS are ..... Related A) Inversely. B) Directly. C) Not. D) Cannot be determined. Show Answer Correct Answer: A) Inversely. 59. What is technological unemployment? A) Unemployment caused by technical problems in the firm. B) Unemployment caused by technical diseconomies of scale. C) Unemployment caused by workers being replaced by capital equipment. D) None of the above. Show Answer Correct Answer: C) Unemployment caused by workers being replaced by capital equipment. 60. What employment category includes individuals who perform work personally for a business? A) Employee. B) Worker. C) Self-employed. D) Contractor. Show Answer Correct Answer: B) Worker. ← 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 6Class 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