Multiple Choice Questions on Which among the following categories is are taken into consideration while calculating Labour Force ........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

Which among the following categories is are taken into consideration while calculating Labour Force ...........

Economic Affairs Employment related Issues
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    Which among the following categories is/are taken into consideration while calculating Labour Force Participation Rate (LFPR)?

    1. People b/w age of 18 to 60 years
    2. Housewives
    3. Unemployed, willing to work and actively looking for a job.

    Select the correct code.

    1&2 only

    Incorrect Answer

    3 only

    Correct Answer

    1&3 only

    Incorrect Answer

    All of the above

    Incorrect Answer
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    Explanation:

    Only code 3rd is correct.

    • The labour force participation rate is the percentage of the working population aged 16 to 64 that are currently employed or looking for work in the economy. Anybody who is still in school, housewives, and people over the age of 64 are excluded from the labour force. Hence option 2nd is correct.

    By: Shubham Tiwari
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