Multiple Choice Questions on Which of the following statements about the recent employment elasticity is are correct ........ for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

Which of the following statements about the recent employment elasticity is are correct ........

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    Which of the following statements about the recent employment elasticity is/are correct?

    The employment elasticity has increased post 1990 economic reforms.

    Incorrect Answer

    The employment elasticity has remained constant post 1990 economic reforms.

    Incorrect Answer

    The employment elasticity has decreased post 1990 economic reforms.

    Correct Answer

    The employment elasticity is indifferent to economic reforms.

    Incorrect Answer
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    Explanation:

    Third option is correct.

    The employment elasticity has decreased post 1990 economic reforms. The employment elasticity was approximately 4 before the economic reforms period which reduced to 0.02 in current times.

    By: Cammy Garg
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