35.Unemployment (Part 2)

Question 1

How was the unemployment rate calculated before 2016-17?

Answer 1

The unemployment rate in the country was calculated once every 5 years by the National Sample Survey Organization (NSSO).

Question 2

Which organization is responsible for calculating the unemployment rate?

Answer 2

The National Sample Survey Organization (NSSO), which is under the Ministry of Statistics and Programme Implementation, was responsible for calculating the unemployment rate before 2016-17.

Question 3

What is the Periodic Labour Force Survey (PLFS)?

Answer 3

The Periodic Labour Force Survey (PLFS) is India’s first computer-based survey launched by the National Statistical Office (NSO) in 2017. It aims to estimate key employment and unemployment indicators at regular intervals.

Question 4

What are the objectives of the Periodic Labour Force Survey (PLFS)?

Answer 4

The primary objectives of the PLFS are to estimate employment and unemployment indicators in short time intervals for urban areas and annually for both rural and urban areas.

Question 5

What are the different approaches used for measuring unemployment in the PLFS?

Answer 5

The measurement of unemployment in the PLFS can be carried out using various approaches such as the usual status approach, weekly status approach, and current daily status approach.

Question 6

What does the usual status approach measure?

Answer 6

The usual status approach measures the number of persons who remained unemployed for a major part of the year and gives the lowest estimates of unemployment.

Question 7

How is unemployment defined in the usual status approach?

Answer 7

Unemployment is defined as having no gainful work for a major time during the 365 days preceding the survey date and actively seeking work.

Question 8

What does the current weekly status approach (CWS) measure?

Answer 8

The current weekly status approach measures unemployment with respect to one week.

Question 9

How is unemployment determined in the current weekly status approach?

Answer 9

A person is considered unemployed if they are unable to work for even an hour during the survey week.

Question 10

What is the current daily status approach?

Answer 10

The current daily status approach records the present activity status of a person for each day in the reference week, measuring employment, unemployment, or being outside the labor force.

Question 11

How is employment or unemployment measured in the current daily status approach?

Answer 11

The current daily status approach adopts half day as a unit of measurement and captures the days of unemployment of those who are recorded as employed on the weekly status approach.

Question 12

What is the objective of Pradhan Mantri Rojgar Protsahan Yojana (PMRPY)?

Answer 12

The objective of PMRPY is to incentivize employers for the creation of new employment and bring informal workers into the formal workforce.

Question 13

What does the Government of India pay under the PMRPY scheme?

Answer 13

The Government of India pays the employer’s full contribution, i.e., 12%, towards Employees’ Provident Fund (EPF) and Employees’ Pension Scheme (EPS) for a period of three years to new employees through the Employees’ Provident Fund Organisation (EPFO).

Question 14

What is the Prime Minister’s Employment Generation Programme (PMEGP)?

Answer 14

PMEGP is a scheme implemented by the Ministry of Micro Small and Medium Enterprises (MSME) since 2008-09. It aims to facilitate the generation of employment opportunities for unemployed youth by assisting in setting up micro-enterprises in the non-farm sector.

Question 15

Which agency serves as the national level nodal agency for PMEGP?

Answer 15

KVIC (Khadi and Village Industries Commission) serves as the national level nodal agency for PMEGP.

Question 16

What are the implementing agencies at the state/district level for PMEGP?

Answer 16

The implementing agencies at the state/district level for PMEGP include the State office of KVIC, State KVIBs (Khadi and Village Industries Boards), and DICs (District Industries Centres).

Question 17

When was Pradhan Mantri MUDRA Yojana (PMMY) launched?

Answer 17

PMMY was launched on April 8, 2015, by the Prime Minister.

Question 18

What is the objective of PMMY?

Answer 18

The objective of PMMY is to provide loans up to Rs.10 lakh to non-corporate, non-farm small/micro enterprises and promote financial inclusiveness among marginalized and socio-economically neglected classes.

Question 19

What is MUDRA?

Answer 19

MUDRA stands for Micro Units Development & Refinance Agency Ltd. It is a financial institution established by the Government of India under PMMY for the development and refinancing of micro unit enterprises.

Question 20

What are the categories of MUDRA loans and their funding limits?

Answer 20

The categories of MUDRA loans are Shishu, Kishore, and Tarun. Shishu covers loans up to Rs. 50,000, Kishore covers loans above Rs. 50,000 and up to Rs. 5 lakhs, and Tarun covers loans above Rs. 5 lakhs and up to Rs. 10 lakhs.

Question 21

What is the mandate of Mahatma National Rural Employment Guarantee Act (MGNREGA)?

Answer 21

The mandate of MGNREGA is to provide at least 100 days of guaranteed wage employment in a financial year to every rural household whose adult members volunteer to do unskilled manual work.