Topics:
CH-6: EMPLOYMENT : GROWTH, INFORMALISATION AND OTHER ISSUES, Indian Economic Development, NCERT Books
Formal Sector Threshold
A private sector establishment employing how many hired workers or more is classified as formal sector?
- 5
- 10 — Correct Answer
- 15
- 20
Explanation:
Correct Answer Explanation
Private sector establishments which employ 10 hired workers or more are called formal sector establishments.
Key Points:
- All public sector establishments are formal sector regardless of size.
- An establishment with fewer than 10 hired workers falls in informal sector.
- About 94% of workers are in the informal sector.
- Only about 6% are in the formal sector.
Why Other Options Are Wrong
- A, C, D: The threshold is specifically 10 hired workers.
📚 About this Topic — CH-6: EMPLOYMENT : GROWTH, INFORMALISATION AND OTHER ISSUES
This multiple choice question is from CH-6: EMPLOYMENT : GROWTH, INFORMALISATION AND OTHER ISSUES, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-6: EMPLOYMENT : GROWTH, INFORMALISATION AND OTHER ISSUES to strengthen your preparation.
