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Economics · 2023 · 3 marks
Employment: Growth, Informalisation and Other IssuesInformalisation of Indian Workforce3 marksUnderstandshort answer
CBSE 2023 · Region 4 · Set 2 · Q28
“It is necessary to create employment in the formal sector rather than in the informal sector.”Defend or refute the given statement with valid arguments.Explain the role of non-farm employment in promoting rural diversification.
“It is necessary to create employment in the formal sector rather than in the informal sector.”
Defend or refute the given statement with valid arguments.
Explain the role of non-farm employment in promoting rural diversification.
Marking-scheme solution
The statement is defended.
The formal sector provides regular income and greater job security as compared to the informal sector.
Workers under the formal sector are entitled to social security benefits like provident fund, social security etc., unlike the informal sector.
The need for rural diversification arises from the fact that there is a greater risk in depending exclusively on farming for livelihood.
Expansion into non-farm employment is desirable to provide supplementary gainful employment and in realising higher levels of income for rural people.
Hence, there is a need to diversify through non-farm employment and other emerging alternatives of livelihood providing sustainable livelihoods in rural areas.
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CBSE Class 12 Economics past-paper question from the 2023board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.