Q. In the context of Indian Economy, which one of the following is associated with the term ‘Usual Status’ mentioned?
Red Book
Red Book

[A] Inflation targeting by the central bank

[B] Status of the Stock market

[C] Employment -Unemployment statistics

[D] Differences in Minimum wages across states

Answer: C
Notes:
  • Unemployment in measured on approaches like Usual, weekly, daily status approach.  
  • Usual Status Approach: This approach estimates only those persons as unemployed who had no gainful work for a major time during the 365 days preceding the date of survey. 

Source- Article 


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