New Click here to Enroll in NaBFID Analyst Intro Class on May 6

    Question

    _____________ happens when people are not able to find

    jobs during some months of the year.
    A Disguised Unemployment Correct Answer Incorrect Answer
    B Seasonal Unemployment Correct Answer Incorrect Answer
    C Cyclical Unemployment Correct Answer Incorrect Answer
    D Frictional Unemployment Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Seasonal Unemployment- when people do not have work during certain seasons of the year such as labourers in India rarely have occupation throughout the year. Disguised Unemployment: This is a type of unemployment where people employed are more than actually needed. Disguised unemployment is generally traced in unorganised sectors or the agricultural sectors. Cyclical Unemployment: unemployment caused due to the business cycle, where the number of unemployed heads rises during recessions and declines with the growth of the economy. Cyclical unemployment figures in India are negligible. Frictional Unemployment: this is a situation when people are unemployed for a short span of time while searching for a new job or switching between jobs.

    Practice Next

    Relevant for Exams: