Previous year MCQs

Economy UPPSC 2024 GS-I
Question

Which of the following statements is true regarding the trend of unemployment rate in India between July-September, 2019 and July-September, 2022?

1. It remained the same.
2. It declined.

Select the correct answer from the codes given below:

Answer & Solution

Answer: (Detailed Solution Below)

Option A: 2 is true and 1 is false

Detailed Solution:

The correct answer is “2 is true and 1 is false”.

Between July-September 2019 and July-September 2022, India's unemployment rate declined. According to data from the Centre for Monitoring Indian Economy (CMIE), the unemployment rate was higher in 2019 and saw a decrease by 2022.

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