Question

Read the following statements carefully: 
Statement 1: As per the National Sample Survey Organization (NSSO), unemployment is a situation in which all those who, owing to lack of work, are not working, but are seeking work from prospective employers. They express their willingness/availability to work under the prevailing conditions of work and remuneration. 
Statement 2: Disguised Unemployment is generally a massive problem in a highly populated country like India. 
 

• A. Statement 1 is true and Statement 2 is false.
• B. Statement 1 is false and Statement 2 is true.
• C. Both Statements 1 and 2 are true.
• D. Both Statements 1 and 2 are false.

Hint:

Understand the definitions and types of unemployment, especially in the Indian context, to answer similar questions effectively.

Answer 1

The Correct Option is C

Statement 1: The NSSO's definition of unemployment, which requires individuals to be not working but actively seeking and available for work, is correct.
Statement 2: Disguised unemployment, prevalent in rural India, occurs when a task employs more individuals than necessary, resulting in labor underutilization. 
Conclusion: Both statements provide accurate descriptions of unemployment within the Indian context.