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Identify the… (Class 12 Economics SQP 2023-24, Q32)

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EconomicsCBSE Class 12 · Sample paper, session 2023-24 · 4 marks · Very short answer

CBSE Class 12 Economics sample paper 2023-24: question 32

From the official CBSE sample question paper for 2023-24, section B, question 32, for 4 marks. Try it first; the hints and our step-by-step solution are below.

Q32 · 4 marks · Very short answerCompetency-basedEmployment: Growth, Informalisation and Other Issues

Identify the situation depicted in the given image. Suggest the impact of the indicated situation, on the Indian economy.

Figure in the paper: Drawing of a balance/seesaw labelled 'Employment Situation' on a pedestal. The left pan, labelled 'Informal Sector', is heavily loaded with a large crowd of people; the right pan, labelled 'Formal Sector', holds only a few people and is raised up/imbalanced. A few figures are climbing/running along the beam. See it in the official paper.

Source: official sample paper from cbseacademic.nic.in (PDF). See it in the full Sample paper 2023-24.

Hints

Open one hint at a time and try again before the next.

Hint 1

Which side of the balance is heavier?

Hint 2

Do informal workers get social security?

Step-by-step solution

Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.

  1. The image shows most workers in the informal sector and few in the formal sector: informalisation of the workforce (a drift of workers from formal to informal employment).

    1 mark

  2. The informal sector includes millions of farmers, agricultural labourers, non-farm casual labourers, owners of small enterprises and self-employed people.

    1 mark

  3. These workers get no regular income and no protection or regulation from the government; they can be dismissed without notice or compensation. This keeps incomes low and insecure, which hurts the economy, so the government is taking steps to protect informal workers.

    2 marks

Answer: Informalisation of the workforce: most workers lack regular income, social security and job protection, which weakens the economy.

Where the marks are

  • Situation identified (1)
  • Impact explained (3)

Revise the chapter

Practise this chapterBoard-style questions from Employment: Growth, Informalisation and Other Issues, one at a time, marked against the answer key and marking points.Back to the full paperSample paper 2023-24: every question, by section.

The question is transcribed from the official paper; figures are described in words. The solution, hints and chapter tag are ours. Spotted an error? Write tosupport@questionbuddy.in.