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Q: Which of the following correctly defines the method of calculating unemployment rate in India?
  • A. Percentage of employed persons in the population
  • B. Percentage of unemployed persons among persons in the labour force
  • C. Percentage of unemployed persons in the total population
  • D. Percentage of persons in the labour force
Correct Answer: Option B - Percentage of unemployed persons among persons in the labour force correctly defines the method of calculating unemployment rate in India. The unemployment rate is measured as the ratio of the unemployed to the labour force.
B. Percentage of unemployed persons among persons in the labour force correctly defines the method of calculating unemployment rate in India. The unemployment rate is measured as the ratio of the unemployed to the labour force.

Explanations:

Percentage of unemployed persons among persons in the labour force correctly defines the method of calculating unemployment rate in India. The unemployment rate is measured as the ratio of the unemployed to the labour force.