Correct Answer : Option (D) - Neither 1 nor 2
Types of Unemployment
Disguised Unemployment : It is a phenomenon wherein more people are employed than actually needed.
It is primarily traced to the agricultural and unorganized sectors of India. Hence, statement 2 is not correct.
Structural Unemployment : It is a category of unemployment arising from the mismatch between the jobs available in the market and the skills of the available workers in the market.
Many people in India do not get jobs due to lack of requisite skills and due to poor education level, it becomes difficult to train them. Hence, statement 1 is not correct.
Cyclical Unemployment : It is a result of the business cycle, where unemployment rises during recessions and declines with economic growth.
Cyclical unemployment figures in India are negligible. It is a phenomenon that is mostly found in capitalist economies.
Technological Unemployment : It is the loss of jobs due to changes in technology.
In 2016, World Bank data predicted that the proportion of jobs threatened by automation in India is 69% year-on-year.
Frictional Unemployment : Frictional Unemployment, also called Search Unemployment, refers to the time lag between the jobs when an individual is searching for a new job or is switching between jobs.
Vulnerable Employment :
This means people working informally, without proper job contracts and thus lacking any legal protection.
These people are deemed ‘unemployed’ since records of their work are never maintained.
It is one of the main types of unemployment in India.Source : Indian Express