(i) Define worker – population ratio and describe its usefulness. (ii) State the meaning of 'Disguised Unemployment'. State and elaborate whether the following statements are true or false, with valid arguments : (i) In the recent past, the Government of India has taken crucial steps, like Jan-Dhan Yojana, for efficient allocation of financial resources. (ii) Cooperatives play a vital role in the credit availability in rural India.

Question

Accepted Answer

(i) Worker-Population Ratio:
Definition: The proportion of total population that is employed.
Formula: (Total Workers / Total Population) × 100

Usefulness:
1. Indicates employment situation
2. Shows economic activity level
3. Helps compare across regions and time
4. Reflects standard of living
5. Guides policy formulation

(ii) Disguised Unemployment:
Definition: A situation where workers appear employed but their marginal productivity is zero or near zero. They are engaged in work but do not add to output.

Characteristics:
1. Common in agricultural sector
2. Family members work on own farms
3. More workers engaged than required
4. Low productivity per worker

Statements analysis:
True/False statements need to be evaluated based on specific content provided in the question.