Question : Which of the following is a measure to reduce frictional unemployment?
Option 1: Implementing labor market reforms
Option 2: Providing unemployment benefits
Option 3: Promoting entrepreneurship
Option 4: Enhancing job security
Correct Answer: Implementing labor market reforms
Solution : The correct answer is (a) Implementing labor market reforms
Implementing labor market reforms can help reduce frictional unemployment by improving the efficiency and effectiveness of the job matching process. These reforms can include measures such as improving job search assistance, reducing information barriers, enhancing the functioning of labor market intermediaries, and facilitating the transfer of skills and qualifications. By reducing the frictions and inefficiencies in the labor market, individuals can find suitable employment more quickly, thus reducing frictional unemployment.
Therefore, the most appropriate measure to reduce frictional unemployment is implementing labor market reforms.
Question : Which of the following is a measure to promote formal employment in India?
Option 3: Enhancing job security
Option 4: Promoting self-employment
Question : Which of the following is a measure to address structural unemployment?
Option 1: Promoting labor-intensive industries
Option 3: Implementing minimum wage laws
Question : Which of the following is a measure to address the problem of skill mismatch?
Option 1: Enhancing vocational training programs
Option 4: Promoting labor-intensive industries
Question : The Pradhan Mantri Kaushal Vikas Yojana (PMKVY) focuses on:
Option 1: Enhancing employment opportunities in rural areas
Option 2: Providing unemployment benefits to all unemployed individuals
Option 3: Promoting skill development among youth
Option 4: Improving labor market research and analysis
Question : Which of the following is NOT a type of unemployment?
Option 1: Frictional unemployment
Option 2: Structural unemployment
Option 3: Cyclical unemployment
Option 4: Demographic unemployment
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