Read the following statement given below and choose the correct alternative Statement 1 Casualisatio...........

Read the following statement given below and choose the correct alternative

Statement 1- Casualisation refers to a situation when the percentage of casually hired workers in the total workforce tends to rise over time.

Statement 2- Informalisation refers to a situation when people tend to find employment more in the informal sector of the economy, and less in the formal sector of the economy.

Both are correct

Both are incorrect

Statement 1 is correct and statement 2 is incorrect

Statement 1 is incorrect and statement 2 is correct

Explanation:

- Statement 1: Casualisation is indeed when an increasing percentage of the total workforce is casually hired over time. This reflects a trend towards more temporary and less secure employment.

- Statement 2: Informalisation accurately describes a shift where more people find employment in the informal sector, which often lacks the benefits and security of the formal sector.

- Option 1: Both are correct. This aligns with the definitions of casualisation and informalisation.

- Option 2: Both being incorrect doesn’t align with their actual meanings.

- Option 3: Only statement 1 being correct is incorrect since statement 2 is also true.

- Option 4: Only statement 2 being correct is incorrect since statement 1 is also true.

Option 1: Both are correct