Labour Market and Wages-Demand and Supply of Labour (CBSE-NET (UGC) Labour-Welfare or HRM (Paper-II & Paper-III)): Questions 1 - 5 of 8

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Question number: 1

» Labour Market and Wages » Demand and Supply of Labour

Appeared in Year: 2015

Assertion-Reason▾

Assertion (Ꭺ)

There exists surplus of available workers over available jobs but there exists shortage of skilled work force. (Dec Paper II)

Reason (Ꭱ)

Skill development received impetus recently.

Choices

Choice (4) Response

a.

Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ

b.

Ꭺ is true but Ꭱ is false

c.

Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ

d.

Ꭺ is false but Ꭱ is true

Question number: 2

» Labour Market and Wages » Demand and Supply of Labour

Appeared in Year: 2015

MCQ▾

Question

The nature of demand for labour is - (Dec Paper II)

Choices

Choice (4) Response

a.

Direct demand and Indirect demand

b.

Indirect or derived demand

c.

Direct demand

d.

None of the above

Question number: 3

» Labour Market and Wages » Demand and Supply of Labour

Appeared in Year: 2015

MCQ▾

Question

Who said “Jobs’ rather than men, should wait”? (Dec Paper II)

Choices

Choice (4) Response

a.

Karl Marx

b.

Sir William Beveridge

c.

Higgins

d.

D R Gadgil

Question number: 4

» Labour Market and Wages » Demand and Supply of Labour

Appeared in Year: 2015

MCQ▾

Question

The supply of labour for the entire economy depends upon: (Dec Paper II)

Choices

Choice (4) Response

a.

Social and political factors only

b.

Economic factors only

c.

Institutional factors only

d.

All a. , b. and c. are correct

Question number: 5

» Labour Market and Wages » Demand and Supply of Labour

Appeared in Year: 2016

MCQ▾

Question

Which of the following statements is not correct? (June)

Choices

Choice (4) Response

a.

Market of highly skilled workers exhibit systematic periods of booms and busts.

b.

Wages and employment change swiftly from old equilibrium level to new equilibrium level.

c.

Equilibrium always prevails in labour market.

d.

Labour market equilibrium assumes that markets adjust instantaneously.

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