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

Which of the following is an example of a capital receipt for the government?

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What is the meaning of “dumping” in international trade?

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What is the objective of the Pradhan Mantri Jan Dhan Yojana?

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What is meant by “stagflation”?

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

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Which economic concept is described as “the next best alternative foregone”?

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What is the meaning of “supply-side economics”?

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

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

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Which of the following sectors contributes the most to India’s GDP?

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