M.A. (Semester III) (CBCS) Examination Mar/Apr-2018
Economics (Paper IX)
LABOUR ECONOMICS
Time: 2½ Hours
Max. Marks: 70
Instructions: All questions are compulsory. Figures to the right indicate full marks.
Q.1
Select the appropriate word:
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The demand for labour is a
final demand
primary demand
tertiary demand
derived demand
The labour market in India is
unorganized
wel-organized
developed
none of these
is characteristic of labour market in underdeveloped countries.
Disguised unemployment
Full employment
Perfect competition
Perfect development
At the time recession, it is generally seen that the labour force participation rate
increases
goes down
remain constant
cannot be said
The determinants of labour force include
population
ratio of productive population
facilities of education and training
all
The mobility of labour is influenced by
differential wage rate
training facility
information of available employment opportunities
all
is an objective of rationalization.
To decrease labour productivity
To increase the use of raw material
To increase labour productivity
To increase the use of energy
Task Force on Elimination of Poverty in India was established in
2001
2005
2010
2015
is reason of poverty in India.
Economic equality
Growing employment
Growing population
Higher agricultural productivity
10) National Rural Employment Guarantee Act passed in
1995
2001
2005
2009
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SLR-HW-156
11) The period of eleventh five year plan was
2005 10
2006 11
2007 12
2008 13
12) The wages fund theory is propounded by
J. S. Mill
F. A. Walker
Adam Smith
Alfred Marshall
13) The Bonus Review Committee was appointed in 1972 under the chairmanship of
B. K. Madan
K. L. Mehta
Higgins
Datta Samant
14) Minimum wages act in India passed in
1944
1948
1952
1972
Q.2
Write a short answer. (Any seven)
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What is horizontal mobility of labour?
Define supply of labour.
What is flexibility in labour market?
What is absolute poverty?
Define modernization.
State the meaning of marginal productivity.
Define educated unemployment.
What is fair wages?
What is wage policy?
Define bonus.
Q.3
Write short notes. (Any Two)
14
Factors influencing demand of labour
Merits and demerits of recruitment of labour through mediators
The residual claimant theory of wages
Living wage
Q.4
Discuss various causes of unemployment in India.
14
OR
State the impact of rationalization and modernization on employment in agricultural sector.
Q.5
Critically evaluate the marginal productivity theory of wages.
14