GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Over employment
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Factory employment
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Under employment
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Unemployment
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Detailed explanation-1: -Underemployment is also regarded as Disguised unemployment. It results when a person contributes to less production than what he/she is capable. For example, an engineer working as a clerk is underemployed.
Detailed explanation-2: -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-3: -Detailed Solution. The correct answer is the marginal productivity of labour is zero. Disguised Unemployment: It is a phenomenon wherein more people are employed than actually needed.
Detailed explanation-4: -Underemployment is also called disguised unemployment because, in contrast to an employed person, the status of an underemployed person is hidden, similar to a person that is disguisedly employed. Hence, A is the correct option.