Question : Statement 1: The unemployment rate in India has been consistently declining over the past decade.
Statement 2: The labor force participation rate in India has been increasing steadily.
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: Statement 1 is true, statement 2 is false.
Solution : The correct answer is (c) Statement 1 is true, statement 2 is false.
While the first statement is true and reflects a general trend, the second statement is false. The labor force participation rate in India has not been consistently increasing over the past decade. In fact, it has been fluctuating and, in some periods, even declining. Factors such as social and cultural norms, gender disparities, and structural issues in the labor market contribute to the lower labor force participation rate in India.
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Question : Statement 1: The labor force in India is predominantly engaged in the informal sector.
Statement 2: The informal sector provides better job security and social security benefits compared to the formal sector.
Question : Assertion: The Labor Force Survey (LFS) is conducted to gather comprehensive data on employment and unemployment in India.
Reason: LFS provides insights into the characteristics of the labor force, such as age, education, and industry distribution.
Question : Assertion : (A)The talent gap in India needs to be closed in order to improve human capital and create a more productive labour force. Reason (R): Because skills are observable and transferable, their owner is not required.
Question : What is the name of the Comprehensive Household Survey providing labour force statistics in India, which was first conducted in 1955?
Question : The Constitution of India came into force in
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