GENERAL KNOWLEDGE

GK

INDIAN ECONOMY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Hidden unemployment is also called ____
A
Seasonal Unemployment
B
Disguised Unemployment
C
Educational Unemployment
D
None of these
Explanation: 

Detailed explanation-1: -Disguised unemployment, or hidden unemployment, is an economic term used to refer to a portion of the labor force involved in redundant work with very minimal to no productivity. Hidden unemployment does not impact the aggregate output of an economy.

Detailed explanation-2: -Also known as hidden unemployment, this refers to a situation where labour that is employed in a job is not actually utilised for the production of goods and services. In other words, such employment does not contribute to the output of an economy and is thus akin to a form of unemployment.

Detailed explanation-3: -Answer: The situation of underemployment is referred to as the situation when people are apparently working but all of them are made to work less than their potential is called disguised unemployment. In this case, the person considers himself employed but is actually not working.

Detailed explanation-4: -For example: In states or urban areas, unemployment is found disguised. Noticed a few professionals who are working as plumbers, electricians & painters. Such kinds are not able to find work regularly and partially work less efficiently. In rural cities, where agriculture is the real source of earning.

There is 1 question to complete.