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

Which of the following is a characteristic of “perfect competition”?

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What is a “repo rate”?

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

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

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What is the term for the ability of an economy to produce more output from the same inputs?

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What is “open market operations” (OMO)?

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

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Which of the following measures can reduce a trade deficit?

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Which of the following is an example of a public sector undertaking (PSU) in India?

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What is “fiscal stimulus”?

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