Topic Details (Notes format)

Unemployment in India

Subject: Economics

Book: Comprehensive Indian Economy

India faces structural unemployment, disguised unemployment in agriculture, and frictional unemployment during transitions. Urban areas show rising educated unemployment, while the informal sector is large. Schemes such as Skill India, Start-Up India, and apprenticeship reforms aim to match labor market needs. Understanding labor force participation rates and disguised unemployment’s prevalence helps interpret official data. For exams, link how macro policies—like industrial corridors, manufacturing thrusts—seek to create better job opportunities. Also discuss how technology-induced disruptions can displace low-skilled labor, emphasizing the need for continuous re-skilling.

Practice Questions

What is the primary role of the Securities and Exchange Board of India (SEBI)?

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Which of the following measures is most effective in controlling inflation?

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Which organization is responsible for estimating India’s Gross Domestic Product (GDP)?

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Which of the following is NOT an example of an indirect tax?

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What is the significance of “Purchasing Power Parity” (PPP)?

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What is the “law of diminishing marginal utility”?

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What is the term for the price at which demand and supply in a market are equal?

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What is “CRR” in banking terminology?

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What does the “Human Development Index” measure?

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What is the meaning of “disguised unemployment”?

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