IBPS PO 2018 · Question 15 of 98

Read the following passage carefully and answer the questions. Passage: Unemployment means a situation in which people are willing to work, at the existing rate of wage, but they do not get work. Our country is facing many problems but one of the serious problems is of unemployment. As per the labour bureau appraisal unemployment for the year 2015-2016 was 5 percentage which is an all-time high. For every vacancy, there are dozens of applicants. Out of many candidates who are interviewed, only a few get the job. A student dedicates several years of his life in studies. It is a worry-some condition that even after getting Bachelor's and Master's Degree, the youth of India is facing the problem of unemployment. The main cause among the educated in India is our faulty system of education. It is not sufficiently related to the socio-economic needs of our people. Moreover, many big industries look for skilled candidates only, for their company. There are a very few technical training institutions in the country, and, secondly, technical education is so costly that common people cannot afford to get their wards admitted in these institutions. The most immediate of issues is the syllabus. Students are expected to learn long drawn theories and texts with almost no stress on practical application. What they are taught in classes and what is expected of them at the workplace is totally divergent. The system of present education should also be changed radically. The government should keep a strict watch on the education system and try to implement new ways to generate a skilled labour force. Instead of giving only theoretical education the students should be given vocational training so that they can start some work after they finish their education. This institute prepares a student with skill and knowledge for a particular trade. There is a growing demand for skilled people in various industries. This would go a long way in tackling the growing menace of unemployment. Question: Which of the following is a criterion of unemployment?

Reading Comprehension

1. ANot willing to work at existing rate of wage.
2. BWilling to work at existing rate of wage but not getting workCorrect
3. CNot willing to work at existing rate of wage and not getting work
4. DWilling to work at lower rate of wage but not getting work
5. ENone of the above