Comprehension
The Gig Economy
The gig economy, characterized by short-term, flexible jobs, has grown with platforms like Uber and Freelancer. It offers workers freedom but lacks job security and benefits. Studies show gig workers earn 20% less on average than traditional employees. Companies benefit from reduced costs, but critics argue this model exploits workers. Policymakers face the challenge of regulating this sector to protect workers while preserving its flexibility.
The gig economy, characterized by short-term, flexible jobs, has grown with platforms like Uber and Freelancer. It offers workers freedom but lacks job security and benefits. Studies show gig workers earn 20% less on average than traditional employees. Companies benefit from reduced costs, but critics argue this model exploits workers. Policymakers face the challenge of regulating this sector to protect workers while preserving its flexibility.
Question: 1
What is a key advantage of the gig economy for workers, according to the passage?
What is a key advantage of the gig economy for workers, according to the passage?
Show Hint
Look for explicit advantages mentioned for specific groups in the passage.
Updated On: Jul 24, 2025
- Job security
- Higher earnings
- Freedom
- Employee benefits
Hide Solution
Verified By Collegedunia
The Correct Option is C
Solution and Explanation
We need to identify a key advantage for workers.
- Step 1: Find advantage: The passage states, “It offers workers freedom.”
- Step 2: Evaluate options:
- (a) Job security: Incorrect, as it lacks security.
- (b) Higher earnings: Incorrect, as gig workers earn less.
- (c) Freedom: Correct, directly state(d)
- (d) Employee benefits: Incorrect, as benefits are lacking.
- Step 3: Confirm: Option c matches the passage.
Thus, the answer is c.
- Step 1: Find advantage: The passage states, “It offers workers freedom.”
- Step 2: Evaluate options:
- (a) Job security: Incorrect, as it lacks security.
- (b) Higher earnings: Incorrect, as gig workers earn less.
- (c) Freedom: Correct, directly state(d)
- (d) Employee benefits: Incorrect, as benefits are lacking.
- Step 3: Confirm: Option c matches the passage.
Thus, the answer is c.
Was this answer helpful?
0
0
Question: 2
How much less do gig workers earn compared to traditional employees?
How much less do gig workers earn compared to traditional employees?
Show Hint
Directly quote numerical data from the passage for factual questions.
Updated On: Jul 24, 2025
- 10%
- 15%
- 20%
- 25%
Hide Solution
Verified By Collegedunia
The Correct Option is C
Solution and Explanation
We need the earnings difference for gig workers.
- Step 1: Find data: The passage states, “gig workers earn 20% less on average than traditional employees.”
- Step 2: Match options:
- (a) 10%: Incorrect.
- (b) 15%: Incorrect.
- (c) 20%: Correct.
- (d) 25%: Incorrect.
- Step 3: Confirm: Option c is exact.
Thus, the answer is c.
- Step 1: Find data: The passage states, “gig workers earn 20% less on average than traditional employees.”
- Step 2: Match options:
- (a) 10%: Incorrect.
- (b) 15%: Incorrect.
- (c) 20%: Correct.
- (d) 25%: Incorrect.
- Step 3: Confirm: Option c is exact.
Thus, the answer is c.
Was this answer helpful?
0
0
Question: 3
What challenge do policymakers face in the gig economy?
What challenge do policymakers face in the gig economy?
Show Hint
Identify challenges in the passage’s concluding or problem-focused statements.
Updated On: Jul 24, 2025
- Reducing company costs
- Regulating to protect workers while preserving flexibility
- Increasing gig worker earnings
- Eliminating short-term jobs
Hide Solution
Verified By Collegedunia
The Correct Option is B
Solution and Explanation
We need the policymakers’ challenge.
- Step 1: Find challenge: The passage states, “Policymakers face the challenge of regulating this sector to protect workers while preserving its flexibility.”
- Step 2: Match options:
- (a) Reducing company costs: Incorrect, a company benefit.
- (b) Regulating to protect workers while preserving flexibility: Correct, directly state(d)
- (c) Increasing earnings: Not mentione(d)
- (d) Eliminating short-term jobs: Incorrect, against the model.
- Step 3: Confirm: Option b matches exactly.
Thus, the answer is b.
- Step 1: Find challenge: The passage states, “Policymakers face the challenge of regulating this sector to protect workers while preserving its flexibility.”
- Step 2: Match options:
- (a) Reducing company costs: Incorrect, a company benefit.
- (b) Regulating to protect workers while preserving flexibility: Correct, directly state(d)
- (c) Increasing earnings: Not mentione(d)
- (d) Eliminating short-term jobs: Incorrect, against the model.
- Step 3: Confirm: Option b matches exactly.
Thus, the answer is b.
Was this answer helpful?
0
0
Question: 4
What is a criticism of the gig economy mentioned in the passage?
What is a criticism of the gig economy mentioned in the passage?
Show Hint
Focus on critics’ statements to identify criticisms in the passage.
Updated On: Jul 24, 2025
- It reduces worker freedom
- It exploits workers
- It increases job security
- It raises company costs
Hide Solution
Verified By Collegedunia
The Correct Option is B
Solution and Explanation
We need a criticism of the gig economy.
- Step 1: Find criticism: The passage states, “critics argue this model exploits workers.”
- Step 2: Evaluate options:
- (a) Reduces worker freedom: Incorrect, freedom is an advantage.
- (b) It exploits workers: Correct, directly state(d)
- (c) Increases job security: Incorrect, security is lacking.
- (d) Raises company costs: Incorrect, companies reduce costs.
- Step 3: Confirm: Option b aligns with critics’ view.
Thus, the answer is b.
- Step 1: Find criticism: The passage states, “critics argue this model exploits workers.”
- Step 2: Evaluate options:
- (a) Reduces worker freedom: Incorrect, freedom is an advantage.
- (b) It exploits workers: Correct, directly state(d)
- (c) Increases job security: Incorrect, security is lacking.
- (d) Raises company costs: Incorrect, companies reduce costs.
- Step 3: Confirm: Option b aligns with critics’ view.
Thus, the answer is b.
Was this answer helpful?
0
0
Question: 5
Complete the sentence with the most appropriate word:
“The gig economy offers flexibility but often lacks job ............”
Complete the sentence with the most appropriate word:
“The gig economy offers flexibility but often lacks job ............”
“The gig economy offers flexibility but often lacks job ............”
Show Hint
Choose words that align with the passage’s specific drawbacks or benefits.
Updated On: Jul 24, 2025
- Security
- Growth
- Opportunities
- Freedom
Hide Solution
Verified By Collegedunia
The Correct Option is A
Solution and Explanation
We need a word that fits the context of a drawback in the gig economy.
- Step 1: Analyze context: Passage 3 states, “lacks job security and benefits.”
- Step 2: Evaluate options:
- (a) Security: Matches the passage’s mention of lacking job security.
- (b) Growth: Not mentioned as a specific lack.
- (c) Opportunities: Incorrect, as the gig economy provides opportunities.
- (d) Freedom: Incorrect, as freedom is an advantage.
- Step 3: Confirm: Security is directly supported by the passage.
Thus, the answer is a.
- Step 1: Analyze context: Passage 3 states, “lacks job security and benefits.”
- Step 2: Evaluate options:
- (a) Security: Matches the passage’s mention of lacking job security.
- (b) Growth: Not mentioned as a specific lack.
- (c) Opportunities: Incorrect, as the gig economy provides opportunities.
- (d) Freedom: Incorrect, as freedom is an advantage.
- Step 3: Confirm: Security is directly supported by the passage.
Thus, the answer is a.
Was this answer helpful?
0
0
Questions Asked in CAT exam
- Suppose $x_1, x_2, x_3, \dots, x_{100}$ are in arithmetic progression such that $x_5 = -4$ and $2x_6 + 2x_9 = x_{11} + x_{13}$. Then, $x_{100}$ equals ?
- CAT - 2024
- Arithmetic Progression
- A circular plot of land is divided into two regions by a chord of length $10\sqrt{3}$ meters such that the chord subtends an angle of $120^\circ$ at the center. Then, the area, in square meters, of the smaller region is
- CAT - 2024
- Mensuration
- For some constant real numbers p, k and a, consider the following system of linear equations in x and y:
px - 4y = 2
3x + ky = a
A necessary condition for the system to have no solution for (x, y), is- CAT - 2024
- System of Linear Equations
- When 3333 is divided by 11, the remainder is
- CAT - 2024
- Divisibility and Remainder
- Five jumbled up sentences (labelled 1, 2, 3, 4 and 5), related to a topic, are given below. Four of them can be put together to form a coherent paragraph. Identify the odd sentence and key in the number of that sentence as your answer.
- CAT - 2024
- Para Jumbles
View More Questions