Single Answer MCQ
Q-00002693
What is the significance of the organised and unorganised sectors in the economy?
1
Organised sector provides job security, unorganised sector offers flexibility
2
Organised sector has higher productivity, unorganised sector has lower wages
3
Organised sector follows regulations, unorganised sector lacks formalities
4
Organised sector has skilled workers, unorganised sector has unskilled labor
Answer and Solution
Answer
C. Organised sector follows regulations, unorganised sector lacks formalities
Solution:
The organised sector in the economy follows regulations and formalities, while the unorganised sector operates without adhering to such formalities.
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