Read the statement given below and choose the correct alternative Statement 1 Persons below 14...........

Read the statement given below and choose the correct alternative

Statement 1- Persons below 14 years are not counted in unemployment

Statement 2- Persons above 50 are not counted in unemployment

Only 1 is correct

Statement 1 is wrong and Statement 2 is correct

Both are correct

Both are wrong

- Statement 1: Persons below 14 are not counted in unemployment.

- This is correct, as children below 14 are considered outside the labor force and not counted as unemployed.

- Statement 2: Persons above 50 are not counted in unemployment.

- This is incorrect. People above 50 are counted in the labor force if they are willing and able to work, and can also be classified as unemployed.

- Option 1: Only 1 is correct.

- This is true based on explanations above.

- Option 2: Statement 1 is wrong and Statement 2 is correct.

- This is incorrect, as both these conditions are not met.

- Option 3: Both are correct.

- Not correct, since Statement 2 is false.

- Option 4: Both are wrong.

- Not correct, since Statement 1 is right, but Statement 2 is wrong.

Option 1 is the correct answer.

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