1.Prices of which of the following items are considered in the calculation of the Wholesale Price Index (WPI)? 1. Carrots 2. Natural gas 3. Transportation 4. Copper 5. Electricity 6. Education 7. Rice Select the correct answer using the code given below.
2.Consider the following statements about Consumer Price Index (CPI). 1. It captures the monthly changes in price levels of both goods and services. 2. It is published by the Office of Economic Adviser, Ministry of Commerce and Industry. 3. The base year for CPI is 2012. Which of the above statements are correct?
3.Which of the following statement(s) about India’s Flexible Inflation Targeting Framework (FITF) is/are correct? 1. Under FITF, the inflation target is set by the Government of India once every two years. 2. The RBI governor is accountable to the government if inflation targets under FITF are not met. Select the correct answer using the code given below.
4.Which of the following correctly describes the term ‘unemployment trap’?
5.Which of the following constitutes the potential labour force of India? 1. Those who are fit to work 2. Those who are willing to work 3. People in the 15-64 age group Select the correct answer using the codes given below.
6.Which of the following correctly defines the ‘labour force participation ratio’?
7.Consider the following statements about the measurement of unemployment in India. 1. In the ‘usual status approach’, a person who has no gainful work for 200 days in a year is considered unemployed. 2. If a person finds employment for 4 hours in a week, he is labeled as employed under the ‘weekly status approach’. 3. A person who has work just for half an hour in a day is considered employed in the daily status approach. Which of the above statements are correct?
8.Which of the following can be potential sources for employment data in India? 1. Annual labour force survey 2. Census data 3. Annual Survey of Industries 4. Economic census 5. EPFO data 6. Data from the government schemes 7. MSME census Select the correct answer using the code given below.
9.Consider the following statements about emerging trends of employment. 1. Platform work economy includes all gig workers. 2. Platform workers don’t have a traditional employer-employee relationship. Which of the above statement(s) is/are correct?
10.How would the labour force and the unemployment rate be affected if people retrenched from their jobs did not actively seek employment?
