logo

CuriousTab

CuriousTab

Discussion


Home General Knowledge Indian Politics See What Others Are Saying!
  • Question
  • According to the Classical Theory of Employment, deviations from the state of full employment are


  • Options
  • A. Purely temporary in nature
  • B. permanent in nature
  • C. imaginary situations
  • D. normal situations

  • Correct Answer
  • Purely temporary in nature 

    Explanation

    The classical economists believed in the existence of full employment in the economy. To them, full employment was a normal situation and any deviation from this regarded as something abnormal. According to Pigou, the tendency of the economic system is to automatically provide full employment in the labour market when the demand and supply of labour are equal.

  • Tags: Bank Exams

    More questions

    • 1. The author of controversial book 'Lajja' is a citizen of

    • Options
    • A. Pakistan
    • B. Indonesia
    • C. Bangladesh
    • D. India
    • Discuss
    • 2. Which of the following important rivers of India does not originate from the Western Ghats?

    • Options
    • A. Cauvery
    • B. Godavari
    • C. Krishna
    • D. Mahanadi
    • Discuss
    • 3. The last major glacial period began about 2,000,000 years before present and is commonly known as


    • Options
    • A. Pleistocene or ice age
    • B. Paleocene or ice age
    • C. Pliocene or ice age
    • D. Holocene or ice age
    • Discuss
    • 4. Amjad Ali Khan is associated with which of the following musical instruments?

    • Options
    • A. Sarod
    • B. Veena
    • C. Violin
    • D. Sitar
    • Discuss
    • 5. The Himalayan mountain system belongs to which of the following?


    • Options
    • A. Volcanic mountains
    • B. Residual mountains
    • C. Block mountains
    • D. Fold mountains
    • Discuss
    • 6. The year 788 AD was a good one for Hinduism. Why?


    • Options
    • A. Shankracharya was born that year.
    • B. Harsha Vardhana, the last Buddhist king, died.
    • C. Samudragupta converted to Hinduism.
    • D. All Muslim invaders were defeated.
    • Discuss
    • 7. What Karl Benz invented?

    • Options
    • A. Gasoline powered automobile
    • B. Streetcar
    • C. Glider
    • D. Steam turbine
    • Discuss
    • 8. Most common disease of poultry in India is

    • Options
    • A. fowl pox
    • B. tick fever
    • C. ranikhet
    • D. coryza
    • Discuss
    • 9. The northern hemisphere and the southern hemisphere are separated by

    • Options
    • A. the International Date line
    • B. the plane of the equator
    • C. the plane of Tropic of Cancer
    • D. the plane of Tropic of Capricorn
    • Discuss
    • 10. The largest country of the world by geographical area is


    • Options
    • A. Russia
    • B. Vatican City
    • C. Australia
    • D. USA
    • Discuss


    Comments

    There are no comments.

Enter a new Comment