Principles Of Economics And Management (3140709) MCQs

MCQs of Basic Economic Problems

Showing 11 to 20 out of 34 Questions
1 2 3 4
11.
What do you mean by Voluntarily Unemployed?
(a) a person who doesn’t get a job.
(b) a person who fired from a job.
(c) a person who chooses not to work because his health is not good.
(d) a person who chooses not to work because their expected salary is higher than the usual salary
Answer:

Option (d)

12.
What do you mean by Involuntarily Unemployed?
(a) Persons who are willing to work at the prevailing wage rate then also don't get a job.
(b) A person who fired from a job due to poor performance.
(c) A person who chooses not to work because his health is not good.
(d) A person who chooses not to work because their expected salary is higher than the usual salary
Answer:

Option (a)

13.
Which is not a correct Dimensions (Effects) of Unemployment?
(a) Economic
(b) Social
(c) Physical
(d) Psychological
Answer:

Option (c)

14.
Which is not the correct type of Unemployment?
(a) Frictional Unemployment
(b) Rounding Unemployment
(c) Structural Unemployment.
(d) Seasonal Unemployment
Answer:

Option (b)

15.
Identify the type of Unemployement based on sentence: "It is the situation when the jobs are available, and also the workers are willing to work, but they don’t have the required job skills suitable for the vacant positions."
(a) Frictional Unemployment
(b) Rounding Unemployment
(c) Structural Unemployment
(d) Cyclical Unemployment
Answer:

Option (c)

16.
Identify the type of Unemployment based on the sentence: "It is always present in the economy."
(a) Frictional Unemployment
(b) Rounding Unemployment
(c) Structural Unemployment
(d) Cyclical Unemployment
Answer:

Option (a)

17.
Identify the type of Unemployment based on the sentence: "This type of unemployment increases during a recession and decreases during the boom."
(a) Frictional Unemployment
(b) Rounding Unemployment
(c) Structural Unemployment
(d) Cyclical Unemployment
Answer:

Option (d)

18.
Which is not the correct Cause of Unemployment?
(a) Lack of manpower planning
(b) Accelerating economic growth rate
(c) Absence of skill development opportunities
(d) Preference to capital centric techniques of production
Answer:

Option (b)

19.
Which is not a correct measure to reduce Unemployment?
(a) Immobility of labour
(b) Appropriate labour policy
(c) Encouragement to self-employment
(d) Control of population growth
Answer:

Option (a)

20.
A sustained increase in the general level of prices for goods and services is called :
(a) Inflection
(b) Infection
(c) Inflation
(d) Intuition
Answer:

Option (c)

Showing 11 to 20 out of 34 Questions
1 2 3 4