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UPSC EPFO EO Economics — practice by topic

Browse 30 questions across 3 Economics topics. Choose what you want to revise, then open a question to check its answer and worked solution.

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Economics topics

Civil Services (30)Economics (30)Unemployment and Labour Force (30)

Try a Economics question

A survey sorts adults into three groups: employed, unemployed and:Read the answer and worked solution →Someone who has not actively looked for work in the last four weeks is counted as:Read the answer and worked solution →The labour force is made up of the unemployed and the:Read the answer and worked solution →A person who gave up looking for work and so is no longer counted is a:Read the answer and worked solution →

Worked practice questions

A survey sorts adults into three groups: employed, unemployed and:

  1. Out of labour force
  2. Out of local farms
  3. Out of legal forms
  4. Out of lawful funds
Show answer and solution

Correct answer: A. Out of labour force

1. Two of the three are named. 2. The third is neither working nor job hunting. 3. That group is out of the labour force. _Source: OpenStax Principles of Macroeconomics 3e, Chapter 8, Unemployment._

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Someone who has not actively looked for work in the last four weeks is counted as:

  1. Out of lawful funds
  2. Out of labour force
  3. Out of local farms
  4. Out of legal forms
Show answer and solution

Correct answer: B. Out of labour force

1. They are not employed. 2. They are not searching either. 3. So they are out of the labour force. _Source: OpenStax Principles of Macroeconomics 3e, Chapter 8, Unemployment._

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The labour force is made up of the unemployed and the:

  1. Employed
  2. Emigrant
  3. Eminent
  4. Emergent
Show answer and solution

Correct answer: A. Employed

1. One part holds jobs. 2. The other is looking for one. 3. So the employed are the other part. _Source: OpenStax Principles of Macroeconomics 3e, Chapter 8, Unemployment._

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