Question : The "informal sector" in India is characterized by:
Option 1: Strict adherence to labor laws and regulations
Option 2: High productivity and efficiency
Option 3: Lack of social security benefits and job stability
Option 4: Exclusively consisting of self-employed individuals
Correct Answer: Lack of social security benefits and job stability
Solution : The correct answer is c) Lack of social security benefits and job stability.
The informal sector in India refers to economic activities that are not regulated by labor laws and lack social security benefits. Workers in the informal sector typically do not have formal employment contracts, job stability, or access to benefits such as health insurance, pension, or paid leave. They often work in small-scale enterprises, self-employment, or as casual laborers. The informal sector is characterized by its informality and the absence of legal and social protections typically associated with formal employment.
College Comparison based on Courses, Placement, Rank, Fee
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.
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.
Question : The National Rural Livelihoods Mission (NRLM) in India focuses on:
Option 1: Enhancing agricultural productivity.
Option 2: Providing social security benefits to workers.
Option 3: Promoting self-employment and entrepreneurship in rural areas.
Option 4: Supporting small and medium enterprises (SMEs).
Question : The National Skill Development Corporation (NSDC) in India focuses on:
Option 3: Promoting skill development and vocational training.
Question : Statement 1: The Unorganised Workers' Social Security Act provides social security benefits to workers in the unorganized sector. Statement 2: The act ensures a minimum wage for all workers in India.
Question : A significant agreement between India and the US in the defense sector is the:
Option 1: Logistics Exchange Memorandum of Agreement (LEMOA)
Option 2: General Security of Military Information Agreement (GSOMIA)
Option 3: Communications Compatibility and Security Agreement (COMCASA)
Option 4: Basic Exchange and Cooperation Agreement (BECA)
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile