Topic Details (Notes format)

Gig Economy and Platform Workers

Subject: Economics

Book: Comprehensive Indian Economy - Additional Topics

The gig economy—spanning delivery apps, ride-hailing, freelance digital services—generates new work avenues. Key issues include worker rights, social security coverage, and skill gaps. Government is exploring frameworks to ensure minimum wages, accident insurance, and dispute resolution. Exams may probe how platform-based models reshape employment structures, fostering flexibility yet risking job security.

Practice Questions

What does the term “elasticity of demand” measure?

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What is meant by “stagflation”?

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Which of the following is NOT an example of a direct tax?

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What is meant by “liquidity trap”?

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Which of the following is an example of a renewable resource?

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Which is the largest source of tax revenue for the Government of India?

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What does the term “national income” refer to?

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What does “Laissez-faire” policy advocate?

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Which of the following is NOT a component of Aggregate Demand?

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What is a “repo rate”?

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