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Economics · 2024 · 4 marks
Employment: Growth, Informalisation and Other IssuesInformalisation of Indian Workforce4 marksUnderstandshort answer
CBSE 2024 · Region 3 · Set 1 · Q32
Study the given image carefully: Identify the situation depicted in the image and suggest the impact of the indicated situation in the Indian economy.
Study the given image carefully :Identify the situation depicted in the image and suggest the impact of the indicated situation in the Indian economy.
Marking-scheme solution
The given image represents the situation of employment in informal sector.In the formal sector, workers can form trade unions and are entitled to fair wages and other social security measures. Whereas, workers in the informal sector do not get regular income. Also, they do not have any protection or regulation from the government. Many a time, workers may be dismissed without any compensation.Hence, formal sector employees are generally in a better position as compared to informal sector employees. Therefore, it is essential to generate employment in the formal sector rather than the informal sector.
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CBSE Class 12 Economics past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.