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Q.

Choose the given statement is true/false:


Unemployment turns assets into liabilities and has a repressive effect on the Indian economy.


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a

True

b

False 

answer is A.

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Detailed Solution

The above statement is true.
Unemployment wastes human resources that could have been gainfully employed. If people are not used, they are a liability to the economy. Unemployment is when all those people who can and are willing to work at the existing wage rate do not get work. Unemployed people do not contribute to the economy in any productive way, but they use all the resources for their livelihood. They depend on others for their survival. It is proved that unemployment turns assets into liabilities and has a repressive effect on the Indian economy.
 
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