New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Labour indicators recorded a sharp, all-round improvement in 2020-21 (July-June) compared with the previous three years, data released by the National Statistical Office (NSO) on Tuesday showed. The annual report of the Periodic Labour Force Survey for July 2020 to June 2021 showed that the unemployment rate, as per usual status (reference period of last 365 days preceding the survey), eased to _________ per cent from 4.8 per cent in 2019-20. As per the current weekly status (reference period of one week) — contrary to perceived expectations of a likely hit on jobs — unemployment rate eased to 7.5 per cent in 2020-21 from 8.8 per cent. But there is a catch: while the overall employment situation showed improvement, the rise was seen mostly in low-quality, unpaid work. While the overall employment situation showed improvement, the rise was seen in low-quality, unpaid work. Employment in the unpaid self-employed category continued to show an increase in 2020-21 by rising to 17.3 per cent from 15.9 per cent in 2019-20 and 13.3 per cent in 2018-19. Rural unpaid employment also showed increase to 21.3 per cent in 2020-21 from 20.0 per cent in the previous year, while that for urban areas increased to 6.3 per cent from 5.7 per cent.

    Which of the following Key Employment Indicators is/are

    incorrectly matched?
    A Labour Force Participation Rate (LFPR): LFPR is defined as the percentage of persons in labour force who are working in the population. Correct Answer Incorrect Answer
    B Worker Population Ratio (WPR): WPR is defined as the percentage of employed persons in the population. Correct Answer Incorrect Answer
    C Unemployment Rate (UR): UR is defined as the percentage of persons unemployed among the persons in the labour force. Correct Answer Incorrect Answer
    D a & b Correct Answer Incorrect Answer
    E a & c Correct Answer Incorrect Answer

    Solution

    Labour Force Participation Rate (LFPR): LFPR is defined as the percentage of persons in labour force (i.e. working or seeking or available for work) in the population. It includes persons who are working, seeking work and available for work. Worker Population Ratio (WPR): WPR is defined as the percentage of employed persons in the population. Unemployment Rate (UR): UR is defined as the percentage of persons unemployed among the persons in the labour force. Activity Status- Usual Status: The activity status of a person is determined on the basis of the activities pursued by the person during the specified reference period. When the activity status is determined on the basis of the reference period of last 365 days preceding the date of survey, it is known as the usual activity status of the person. Activity Status- Current Weekly Status (CWS): The activity status determined on the basis of a reference period of last 7 days preceding the date of survey is known as the current weekly status (CWS) of the person.

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