This quiz works best with JavaScript enabled. Home > Class 11 > 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 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. At equilibrium level: A) Consumption= investment. B) Aggregate demand = aggregate saving. C) Saving=investment. D) Consumption= saving. Show Answer Correct Answer: C) Saving=investment. 2. A person is able to receive unearned income by: A) Working for someone who pays you. B) Receiving retirement income. C) Receiving money from a business you own. D) Being self-employed. Show Answer Correct Answer: B) Receiving retirement income. 3. Choose the correct definition:hefty A) Big. B) Small. C) All the above. D) None of the above. Show Answer Correct Answer: A) Big. 4. Most of the disguised unemployed persons in india are found in A) Agriculture. B) Industry. C) Trade. D) Transport. Show Answer Correct Answer: A) Agriculture. 5. A company that is owned or controlled by another larger company is called A) Subsidiary. B) Headquarters. C) Corporation. D) Department. Show Answer Correct Answer: A) Subsidiary. 6. 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. 7. A legal relationship that involves a contract to pay and the supervision and control of work. A) Work. B) Employment. C) School. D) Childhood. Show Answer Correct Answer: B) Employment. 8. The smallest amount of money that employers are legally allowed to pay someone who works for them A) Redundancy payment. B) Part-time. C) Internship. D) Overtime. Show Answer Correct Answer: A) Redundancy payment. 9. 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. 10. Which of the following does NOT require a contract in writing? A) Real Estate. B) Goods over $ 500. C) Goods under $ 200. D) Actions taking longer than one year. Show Answer Correct Answer: C) Goods under $ 200. 11. 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. 12. What is a promotion? A) A regular payment made by an employer to an employee. B) An advantage or profit gained from something. C) The action of raising someone to a higher position or rank. D) A job or profession. Show Answer Correct Answer: C) The action of raising someone to a higher position or rank. 13. Which of the following is a valuable starting point, but should NOT be used as your sole resource for job searching? A) Career fairs. B) Networking. C) Newspaper advertisements. D) The internet. Show Answer Correct Answer: D) The internet. 14. 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) Fixed-Term. D) Contractor. Show Answer Correct Answer: D) Contractor. 15. The number of persons employed per hundred persons is termed as A) Worker population ratio. B) Head Count ratio. C) Capital gain ratio. D) Legal reserve ratio. Show Answer Correct Answer: A) Worker population ratio. 16. 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) Security. B) Equity. C) Price stability. D) Freedom. Show Answer Correct Answer: D) Freedom. 17. Nowadays ..... are looking for quite a lot in their potential employees. A) Executive. B) Team. C) Staff. D) Employers. Show Answer Correct Answer: D) Employers. 18. Sixteen year old high school junior working at McDonalds after school a few nights a week. A) Employed. B) Unemployed. C) Not in the Labor Force. D) Not Applicable / Not Counted. Show Answer Correct Answer: A) Employed. 19. 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. 20. 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) Cooperation. B) Good faith. C) Loyalty. D) Judgement. Show Answer Correct Answer: A) Cooperation. 21. 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. 22. 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. 23. What is an interview? A) A regular paid job. B) Having a paid job. C) A long-term occupation with progress opportunities. D) A formal meeting for questioning or evaluating someone. Show Answer Correct Answer: D) A formal meeting for questioning or evaluating someone. 24. 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. 25. 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. ← PreviousNext →Related 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 7 Employment Growth, Informalisation And Other Issues Quiz 9Class 11 Economics (Indian Economic Development) Chapter 7 Employment Growth, Informalisation And Other Issues Quiz 10Class 11 Economics (Indian Economic Development) Chapter 7 Employment Growth, Informalisation And Other Issues Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books