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Economics · 2023 · 4 marks
Employment: Growth, Informalisation and Other IssuesWorkers and Employment4 marksUnderstandshort answer
CBSE 2023 · Region 3 · Set 1 · Q32
State whether the following statements are true/false, with valid arguments: (a) Economic participation of women as homemakers is not accounted for…
State whether the following statements are true/false, with valid arguments :
(a)
Economic participation of women as homemakers is not accounted for in the Gross Domestic Product.
(b)
Indian economy has shown excellent shift from informal sector to formal sector in the recent past.
Marking-scheme solution
(a)
True. Activities performed by women as homemakers are not recognized as productive work. They are not paid for it and hence not accounted for in the Gross Domestic Product.
(b)
False. In the recent years, India has witnessed an unprecedented shift of the workforce from the formal sector to informal sector. This may be primarily due to decline in job opportunities in formal (both public and private) sector.
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CBSE Class 12 Economics past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.