Consider the following statements As per the latest CMIE data Jammu and Kashmir has an unemployment ...........

Jammu and kashmir Economy

Download Solution PDF

Consider the following statements:

As per the latest CMIE data, Jammu and Kashmir has an unemployment rate of 22.2 percent which is the highest among all states and union territories of the country.
National level unemployment rate recorded across India is 7.1 percent.

Which of the above statements is/are correct?

1 only

2 only

Both

None

छोटे Courses बड़े Results

Master Economy

Prepare through Micro-courses

Try Now

Explanation:

According to the Centre for Monitoring Indian Economy (CMIE) figures, Jammu and Kashmir has a 22.2 percent unemployment rate, which is much higher than the national level unemployment rate of 7.1 percent recorded across India.

The higher unemployment rate in Jammu and Kashmir is a cause of concern as there seems to be no improvement in the job scenario in the Union Territory.

In comparison to September, the unemployment rate has further increased. For September, CMIE has pegged the unemployment rate at 21.6 percent which went up to 22.2 percent.