BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Who are not willing to work
|
|
|
Who are willing but do not get work.
|
|
|
Who leave their jobs in search of better jobs.
|
|
|
Who have been dismissed because of corrupt practices.
|
Detailed explanation-1: -On the other hand, Open Unemployment refers to that economic phenomenon in which persons are able and willing to work at the prevailing wage rate but fail to get work. So, Open Unemployment is different from Disguised Unemployment. In the case of open unemployment, workers are totally idle.
Detailed explanation-2: -Open unemployment is the situation when a person is willing to work, is educated but is unable to get a job and work. This kind of unemployment is clearly visible in the society.
Detailed explanation-3: -Open unemployment is a type of unemployment that occurs due to a lack of opportunity. Furthermore, in this unemployment people can work however they do not get an opportunity to work. A person is skilled and educated however; people are unable to grab the opportunities that make him unemployed.
Detailed explanation-4: -Definition: It is a situation when a person is unemployed not due to unavailability of jobs in the economy, but because of not being able to find employment of his/her own choice.