Poverty and Unemployment
2 solved SSC CGL Economy previous year questions on Poverty and Unemployment, each with the correct answer and a full explanation.
Q1
The poverty ratio has declined to ______ in 2011-12 in rural India.
✓ Correct answer: c) 25.7 percent
ExplanationRural poverty 2011–12: 25.9% (Tendulkar Committee estimate) Urban poverty 2011–12: 13.7% Overall poverty 2011–12: 21.9% Trend: Declined from 41.8% (rural) in 2004–05, showing a significant reduction.Hence, the correct answer is "25.7 percent."
Q2
_____unemployment occurs with changes in economic activity over the business cycle.
✓ Correct answer: b) Cyclical
ExplanationCyclical Unemployment: Unemployment that occurs as a result of the business cycle, in which the number of people without jobs increases during periods of economic contraction and decreases while the economy is experiencing expansion."The cyclical unemployment figures in India are almost nonexistent.Hence the correct answer is "B): Cyclical."
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