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Economics · 2022 · 2 marks
Employment: Growth, Informalisation and Other IssuesInformalisation of Indian Workforce2 marksUnderstandvery short answer
CBSE 2022 · Region 4 · Set 1 · Q4
“Workers working in formal sector earn more than those in the informal sector.” Defend or refute the given statement with valid arguments.
“Workers working in formal sector earn more than those in the informal sector.”
Defend or refute the given statement with valid arguments.
Marking-scheme solution
The given statement can be defended as the formal workers are protected through various labour laws.
They have better bargaining power for higher wages and other social security benefits with the presence of trade unions.
On the other hand, informal workers are generally low paid with lesser job security.
They also do not get social security benefits.
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CBSE Class 12 Economics past-paper question from the 2022 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.