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

    Question

    A person who is made redundant because of the

    contraction of an industry is a victim of?
    A Structural unemployment Correct Answer Incorrect Answer
    B Classical unemployment Correct Answer Incorrect Answer
    C Demand-deficient unemployment Correct Answer Incorrect Answer
    D Frictional unemployment Correct Answer Incorrect Answer

    Solution

    Structural unemployment is a form of involuntary unemployment caused by a mismatch between the skills that workers in the economy can offer, and the skills demanded of workers by employers. Structural unemployment is often brought about by technological changes that make the job skills of many workers obsolete.

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