Employment Class 12 MCQ Economics is covered in this Article. Employment Class 12 MCQ Test contains 26 questions. Answers to MCQ on Employment Class 12 Economics Chapter 7 are available after clicking on the answer.
| Category | CBSE Economics Class 12 MCQs |
| Subject | Economics |
| Chapter | Employment Class 12 MCQ Economics |
Employment Class 12 MCQ Economics
1. Economic activities refer to _____( Fill in the blank with correct option)
a)Activities concerned with the creation of money and wealth
b)Activities that have economic aspects
c)Activities performed by people for satisfaction of their wants
d)All of the above
Answer
Answer: d)All of the above
2. About ____% of the total workforce is employed informal sector. ( Fill in the blank with correct option)
a)22
b)6
c)24
d)10
Answer
Answer: b)6
3. All those people who are engaged in their own business and use their own resources are called _____. ( Fill in the blank with the correct option).
a) Self-employed worker
b)Unemployed
c)Chronically employed
d)Hired workers
Answer
Answer: a) Self-employed worker
4. Employment is an activity that enables a person to _____. ( Fill in the blank with the correct option).
a)Work
b)Earn
c)Pay
d)None of the above
Answer
Answer: b)Earn
5. Rights of ______ worker are not protected by labor law (Fill in the blank with correct option)
a)Informal
b)Formal
c)Hired
d) Self-employed
Answer
Answer: a)Informal
6. Economic growth refers to _______.( Fill in the blank with correct option)
a)Change in occupation
b)Increase in the level of output
c)More people working informal sector
d)Better Innovation in the country
Answer
Answer: b)Increase in the level of output
7. Read the following statement and choose the correct alternative
Statement 1- Technology used in the informal sector is up to date.
Statement 2- Informal sector maintain proper account and record
a)Botha are wrong
b)Both are correct
c)Only 1 is correct
d)Statement 1 is wrong and Statement 2 is correct
Answer
Answer: a)Botha are wrong
8. Read the following statement and choose the correct alternative
Statement 1- Unemployment refers to a situation in which no one is working
Statement 2- Unemployment refers to the situation in which all those persons who are willing and able to work doesn’t get work
a)Both are wrong
b)Both are correct
c)Statement 1 is correct
d)Statement 2 is correct
Answer
Answer: c)Statement 1 is correct
9. Read the statement given below about informalisation and choose the correct alternative
Statement 1- It happened after economic reforms of 1999
Statement 2- Formal sector tends to shift to capital-intensive technology to be more efficient.
a)Only 2 is correct
b)Only 1 is correct
c)Both are correct
d)None of the above
Answer
Answer: a)Only 2 is correct
10. Read the statement given below and choose the correct alternative
Statement 1- Persons below 14 years are not counted in the unemployment
Statement 2- Persons above 50 are not counted in the unemployment
a)Only 1 is correct
b)Statement 1 is wrong and Statement 2 is correct
c)Both are correct
d)Both are wrong
Answer
Answer: d)Both are wrong
Employment Class 12 MCQ Economics
11. Read the statement given below and choose the correct alternative
Statement 1– Unemployment only includes involuntary unemployment
Statement 2– Students remain voluntarily unemployed
a)Both are correct
b)Statement 1 is correct
c)Only 2 is correct
d)None of the above
Answer
Answer: a)Both are correct
12. Read the statement given below and choose the correct alternative
Statement 1– Induced workers are all those who are engaged in productive activities
Statement 2– Induced workers are self-employed people
a)Both are wrong
b)Both are correct
c)Only one is correct
d)Only 2 is correct
Answer
Answer: b)Both are correct
13. Match the following with the correct alternative
| Column A | Column B |
| A. Labour supply | 1. 487 million in 2012 |
| B. Labour force | 2. Number of unemployed/Labour force× 100 |
| C. Size of workforce | 3. Measured in terms of man-days of work |
| D. Rate of unemployment | 4. Employed + Unemployed |
a)A-3,B-4,C-1,D-2
b)A-3,B-1,C-2,D-4
c)A-4,B-3,,C-2,D-1
d)A-2,B-4,C-3,D-1
Answer
Answer: a)A-3,B-4,C-1,D-2
14. “A situation when the percentage of total workforce informal sector tends to decline and percentage of the total workforce in Informal sector tends to rise is called informalisation”.What can be the possible reasons for such a situation? Choose the correct alternative.
a)Restrictive labor laws.
b)Illiteracy and poor skills level
c)Increase in imports
d)All of the above
Answer
Answer: d)All of the above
15. “Men particularly rural men, form the major section of the workforce in India. As compared to females( 16.5%) more males (52.1%) are found to be working”. What possibly can be the reason, choose from the given alternative
a)Families encourage women to work
b)Women perform household activities
c)Women are categorized as workers
d)Women give birth to children
Answer
Answer: b)Women perform household activities
Employment Class 12 MCQ Economics
16. Identify which of the following is the correct definition of GDP
a)Total money value of intermediate goods and services
b)Total money value of all final goods and services produced within domestic territory during a period of one year
c)Money value of goods produced in an economic year
d)None of the above
Answer
Answer: b)Total money value of all final goods and services produced within domestic territory during a period of one year
17. Identify which of the following can be termed as a hired worker
a)People working for someone else and are paid wages in return for their productive activities
b)Regular salaried worker
c)Who have strong bargaining power and can form a trade union
d)All of the above
Answer
Answer: d)All of the above
18. Which of the following are the sources of data of unemployment
a)Reports of the census of India
b)National sample survey organization
c)DGET
d)All of the above
Answer
Answer: d)All of the above
19. India started paying attention to enterprise and workers in the Informal sector because:
a)The government has initiated the modernization of the Informal sector
b)Formal sector is not growing
c)Both (a) and (b)
d)None of the above
Answer
Answer: a)The government has initiated the modernization of the Informal sector
20. Which of the following is the major formal sector employer in India
a)Government
b)MNC
c)Private enterprise
d)All of the above
Answer
Answer: a)Government
Employment Class 12 MCQ Economics
21. The share of self-employment declined by how much in 2011-12?
a)4%
b)85%
c)52%
d)16%
Answer
Answer: c)52%
Here is a case study. Based on your knowledge of the same answer the questions are given below.
Jobless Growth: It is characterized as a circumstance where GDP becomes quicker than the business openings bringing about joblessness.
Casualisation and informalisation of business: Casualisation alludes to a circumstance when the level of nonchalantly employed specialists in the complete labor force will in general ascent over the long run.
In formalization: Refers to a circumstance when individuals will in general discover business more in the casual area of the economy, and less in the conventional area of the economy.
Unemployment: It is a circumstance where an individual is prepared to work at the overarching wage-rate however doesn’t get work
22. A situation where GDP grows faster than the employment opportunities is called ( choose the correct alternative)
a)Informalisation
b)Casualisation
c)Jobless growth
d)Brain drain
Answer
Answer: c)Jobless growth
23. Jobless growth leads to______.( Fill in the blank with correct alternative)
- Poverty
- Unemployment
- Brain drain
- Discrimination
Answer
Answer: b)Unemployment
24. Read the following statement given below and choose the correct alternative
Statement 1- Casualisation refers to a situation when the percentage of casually hired workers in the total workforce tends to rise over time.
Statement 2- Informalisation refers to a situation when people tend to find employment more in the informal sector of the economy, and less in the formal sector of the economy.
a)Both are correct
b)Both are incorrect
c)Statement 1 is correct and statement 2 is incorrect
d)Statement 1 is incorrect and statement 2 is correct
Answer
Answer: a)Both are correct
25. _______ refers to a situation where a person is ready and willing to work at the prevailing wage rate but doesn’t get work.
a)Poverty
b)Jobless growth
c)Unemployment
d)Discrimination
Answer
Answer: c)Unemployment
26. Read the following statement given below and choose the correct alternative.
Assertion (A)- Jobless Growth is defined as a situation where GDP grows faster than the employment opportunities resulting in unemployment.
Reason (R )- The economy of India is growing at a slower rate
a)Both assertion and reason are true. The reason is the correct explanation of assertion
b)Both assertion and reason are true. The reason is not the correct explanation of assertion
c)Assertion is true but the reason is not
d)Reason is true but the assertion is not
Answer
Answer: b)Both assertion and reason are true. The reason is not the correct explanation of the assertion
CBSE Economics Class 12 MCQ with Answers – Term 2
Part A: Introductory Macroeconomics
- Circular Flow of Income Class 12 MCQ with Answers
- Some Basic Concepts of Macroeconomics Class 12 MCQ
- National Income and Related Aggregates Class 12 MCQs
- National Income and Related Aggregates Class 12 Numericals
- Determination of Income and Employment Class 12 MCQs
Part B: Indian Economic Development
- Current challenges facing Indian Economy – 12 Marks
- Employment Class 12 MCQ
- Infrastructure Class 12 MCQ
- MCQ on Sustainable Development Class 12
- Development Experience of India – A Comparison with Neighbours – 6 Marks