Question

Read the following statements carefully: Statement 1: As per the National Sample Survey Organization (NSSO), unemployment is a situation in which all those who, owing to lack of work, are not working but are seeking work from prospective employers. They express their willingness/availability to work under the prevailing conditions of work and remuneration. Statement 2: Disguised Unemployment is generally a massive problem in a highly populated country like India. Choose the correct alternative from the following:

• A. Statement 1 is true and Statement 2 is false.
• B. Statement 1 is false and Statement 2 is true.
• C. Both Statements 1 and 2 are true.
• D. Both Statements 1 and 2 are false.
• E.

Hint:

Unemployment in India includes both open unemployment and disguised unemployment, with the latter being prevalent in rural areas.

Answer 1

The Correct Option is C

Evaluating Statement 1:
- The NSSO defines unemployment based on the willingness and availability of individuals to work but their inability to find employment.
- This definition is widely accepted in economic surveys and labor studies. 
Evaluating Statement 2: 
- Disguised unemployment, where more people are engaged in work than required, is a major issue in densely populated countries like India, particularly in the agricultural sector. 
Conclusion: Both statements are factually correct, making \( \mathbf{(C)} \) the correct answer.