Question : Comprehension:
In the following passage some words have been deleted. Fill in the blanks with the help of the alternatives given. Select the most appropriate option for each blank.
Unemployment is a major issue in India that (1)________millions of people across the country. Despite being one of the fastest-growing economies in the world, India has struggled to create (2)________jobs to keep up with its rapidly expanding population. The unemployment rate in India varies widely (3)________ different states and regions. Young people, in particular, face significant challenges in finding employment. Many are highly educated but lack the skills and experience needed to (4)________ in a highly competitive job market. There are many factors contributing to the high levels of unemployment in India. Some of these include a lack of investment in infrastructure, a mismatch between the skills of workers and the needs of employers, and a lack of access to finance for small and medium-sized businesses. The Indian government has launched several initiatives to address the issue of unemployment in the country. These include programs to support small businesses, increase investment in infrastructure and provide vocational training to young people. However, much more needs to be done to create sustainable, long-term employment opportunities for all Indians. Unemployment can have serious social and economic consequences, including poverty, crime and social (5)________.
Select the most appropriate option to fill in blank no. 2.
Option 1: enough
Option 2: few
Option 3: many
Option 4: little
Correct Answer: enough
Solution : The correct choice is the first option.
Explanation: The sentence structure indicates a need for a term that highlights the inadequacy of job creation compared to the expanding population. "Enough" in this context emphasises the lack of sufficient job opportunities despite India being a fast-growing economy.
Question : Statement 1: The National Career Service Portal (NCS) provides job seekers with information on job vacancies and skill development courses.
Statement 2: NCS is an online platform created by the Ministry of Skill Development and Entrepreneurship.
Option 1: Both statements are true.
Option 2: Both statements are false.
Option 3: Statement 1 is true, statement 2 is false.
Option 4: Statement 1 is false, statement 2 is true.
Correct Answer: Both statements are true.
Solution : The correct answer is (a) Both statements are true.
The National Career Service (NCS) Portal in India does provide job seekers with information on job vacancies and skill development courses. It is an online platform created by the Ministry of Skill Development and Entrepreneurship to facilitate job matching and skill development activities.
Question : Case Study 1: Meet the Entrepreneur
Mr. Ravi, a young and dynamic individual, decided to start his own business. He established a small manufacturing unit that produces eco-friendly and sustainable packaging materials. His business has grown steadily, and he now employs several local workers. Mr. Ravi's venture has not only created job opportunities but also contributed to reducing plastic waste in the environment.
Question:
Mr. Ravi's decision to start his own business is an example of:
Option 1: Government intervention
Option 2: Entrepreneurship development
Option 3: Economic growth
Option 4: Consumer protection
Correct Answer: Entrepreneurship development
Solution : The correct answer is (b) Entrepreneurship development
Entrepreneurship involves the process of starting and operating a new business venture, typically to offer a product or service in the market. In this scenario, Mr. Ravi's decision to start his own business and establish a manufacturing unit that produces eco-friendly and sustainable packaging materials aligns with entrepreneurship development. This decision showcases initiative, innovation, and a commitment to addressing environmental concerns through business activities.
Question : The manager of Subhash Industries is overworked and unable to focus on the important difficulties facing the business. To solve this issue, he delegated some of his power and responsibilities to his direct report so that they might share some of his usual job. Which management concept does the manager employ?
Option 1: Authority
Option 2: Responsibility
Option 3: Delegation
Option 4: Decentralisation
Correct Answer: Delegation
Solution : Meaning of Delegation: It means to give authority to subordinates to act within the boundaries set forth is known as delegation. Hence, the correct option is 3.
Question : Let's say you earn Rs. 40,000 a month from your job at a bank. Assume you also receive the following two job offers: (a) an executive position paying Rs. 30,000 per month; or (b) a journalist position paying Rs. 35,000 per month. The opportunity cost of working in a bank in the example provided is ____.
Option 1: Rs.35,000
Option 2: Rs.30,000
Option 3: Rs.40,000
Option 4: Rs.1,05,000
Correct Answer: Rs.35,000
Solution : Opportunity cost is the price paid to forego the next best option. In the example provided, the opportunity cost of choosing to work for a bank is the loss of Rs. 35,000 from the next best option. Hence, the correct option is 1.
Currently I am doing job in Indian Railway. Can I persue Bed degree degree through open university?
Hello!
Yes, definitely you can pursue BEd degree while doing job in Indian Railways. Distance education is always a good choice for those who do job and also want to pursue higher studies. The Indira Gandhi National Open University ( IGNOU) is a better option for such professionals.
Hope this is helpful!
Wishing you all the best!