The process of moving from self-employment and regular salaried employment to casual wage work is known as:
Casualisation of workforce
The question asks about the process where workers shift from more stable forms of employment, such as self-employment or regular salaried jobs, towards casual wage work. Let's look at the options provided to identify the correct term.
Based on the definitions, the process of moving from self-employment and regular salaried employment to casual wage work directly corresponds to the concept of the increasing prevalence of casual labor, which is known as the casualisation of the workforce.
Therefore, the correct term describing this transition is Casualisation of workforce.
| Term | Description | Matches Question? |
|---|---|---|
| Casualisation of workforce | Increase in proportion of casual wage workers; shift towards casual work. | Yes |
| Regularisation of casual wage | Making casual work regular/permanent. | No |
| Non-Salaried Force | Broad category of non-salaried workers. | No (Doesn't describe the *process of moving* into casual work specifically) |
| Self-employment Force | People engaged in self-employment. | No (Question describes moving *away* from this towards casual work) |
| Employment Type | Characteristics |
|---|---|
| Regular Salaried Employment | Fixed salary, job security, benefits (provident fund, leave, etc.), written contract. |
| Self-employment | Working for oneself, running own business, income varies, no employer-employee relationship. |
| Casual Wage Work | Hired on a daily or short-term basis, irregular work, no job security, often no benefits or formal contract. |
The casualisation of the workforce is a significant trend observed in many economies. It can be influenced by various factors:
While it might offer flexibility for some workers, increased casualisation often leads to reduced job security, lower and unstable incomes, and lack of access to social security benefits for a large segment of the workforce.
If the value of Investment Multiplier is 5 and the increased income is ₹ 800 crore in an economy, then find the value of change in the investment in the economy.
Which of the following statements are true?
(A) Quantitative tools control the extent of money supply by changing the CRR.
(B) There are two types of open market operations – outright and upright.
(C) A fall in the bank rate can decrease the money supply.
(D) Selling of a bond by RBI leads to reduction in quantity of reserves.
(E) The RBI can influence money supply by changing the rate at which it gives loan to the commercial banks.
Choose the correct answer from the options given below:
Paradox of Thrift means :
Match List-I with List-II:
| List-I | List-II |
|---|---|
| (A) Bank Rate | (I) Securities are pledged in order to repurchase |
| (B) Marginal Standing Facility | (II) Minimum rate at which funds are provided for long term |
| (C) Repo Rate | (III) Also known as Penal Interest Rate |
| (D) Reverse Repo Rate | (IV) Central Bank borrows funds from commercial banks |
Choose the correct answer from the options given below:
Which of the following is not a function of Central Bank ?