Question:
Which of the following statements characterize(s) the Indian labour market?
Which of the following statements characterize(s) the Indian labour market?
Show Hint
In the Indian labour market:
- A large portion of the workforce is employed in agriculture and the unorganised sector.
- Gig and contractual employment are increasing due to the rise of flexible work arrangements and technology-based jobs.
Updated On: Apr 20, 2025
- High workforce participation in agriculture
- A predominant formal sector employment
- Increasing Gig and contractual employment
- A dual structure comprising organised and unorganised sector
Hide Solution
Verified By Collegedunia
The Correct Option is A, C, D
Solution and Explanation
Step 1: Analyzing statement (A):
In India, agriculture still employs a significant portion of the workforce, especially in rural areas. Hence, statement (A) is correct.
Step 2: Analyzing statement (B):
While the formal sector in India is growing, it is still not the predominant source of employment. A large portion of the workforce is employed in the informal sector. Hence, statement (B) is incorrect.
Step 3: Analyzing statement (C):
There is a growing trend of gig and contractual employment in India, especially with the rise of the gig economy, tech-based startups, and flexible work arrangements. Hence, statement (C) is correct.
Step 4: Analyzing statement (D):
The Indian labour market exhibits a dual structure with a significant divide between the organised (formal) sector and the unorganised (informal) sector. Hence, statement (D) is correct.
In India, agriculture still employs a significant portion of the workforce, especially in rural areas. Hence, statement (A) is correct.
Step 2: Analyzing statement (B):
While the formal sector in India is growing, it is still not the predominant source of employment. A large portion of the workforce is employed in the informal sector. Hence, statement (B) is incorrect.
Step 3: Analyzing statement (C):
There is a growing trend of gig and contractual employment in India, especially with the rise of the gig economy, tech-based startups, and flexible work arrangements. Hence, statement (C) is correct.
Step 4: Analyzing statement (D):
The Indian labour market exhibits a dual structure with a significant divide between the organised (formal) sector and the unorganised (informal) sector. Hence, statement (D) is correct.
Was this answer helpful?
0
0
Top Questions on Market structure
- Which of the following statements is/are CORRECT in the context of Foreign Exchange Market?
- GATE XH-C1 - 2025
- Microeconomics
- Market structure
- In the context of a perfectly competitive market, identify the statement that is NOT CORRECT.
- GATE XH-C1 - 2025
- Microeconomics
- Market structure
- For a firm operating in a perfectly competitive market which of the following statements is CORRECT?
- IIT JAM EN - 2023
- Microeconomics
- Market structure
- A firm is operating in a perfectly competitive environment. A change in the market condition leads to an increase in the firm’s profit by an amount K. Which of the following describes the change in the Producer’s Surplus due to the above change in the market condition?
- IIT JAM EN - 2023
- Microeconomics
- Market structure
- Two firms, X and Y, are operating in a perfectly competitive market. The price elasticity of supply of X and Y are respectively 0.5 and 1.5. Then
- IIT JAM EN - 2023
- Microeconomics
- Market structure
View More Questions
Questions Asked in GATE XH-C1 exam
- Consider a square field ABCD. The diagonal AC is 50 meter. The cost of laying grass in the field is Rs. 5 per square-meter. The total cost for laying grass in the field ABCD is Rs. ________ (rounded off to two decimal places).
In the following figure, four overlapping shapes (rectangle, triangle, circle, and hexagon) are given. The sum of the numbers which belong to only two overlapping shapes is ________
- Many countries are facing water shortage crises in the past few years. A report of the United Nations has named India among the worst countries for poor quality of water. The report ranks 122 countries according to the quality of their water as well as their commitment to improve the situation. Some countries in Europe are considered the worst because of the quality of its groundwater. Rain failed in some parts of India in the past. The vast areas of Rajasthan, Madhya Pradesh, and Andhra Pradesh were affected by severe drought. People without water turn desperate and violent. Consequently, the food godowns were attacked in some of the states. Based on the details given in the passage, which of the following option(s) is/ are correct statement(s)?
- Anand, Hari, and Chris are engaged in one of the three types of occupations – clerk, teacher, and plumber, not necessarily in that order. Each person is assigned only one type of occupation. No two or more persons can be assigned the same type of occupation. Clerk is Chris’s cousin. Hari lives next door to the plumber. Anand, who knows more facts than the teacher, has to drive more than 1 hour to reach Hari’s home. Identify each of the person’s correct type of occupation, and accordingly, which one of the following options is correct?
Suppose, your last year taxable income was Rs. 22000. Due to hike in salary, your taxable income this year is Rs. 34200. The details for tax calculation are given in the table below.
Consider the appropriate tax slab corresponding to your income. What is theadditional amount of tax you need to pay this year compared to last year?
View More Questions