Economics

Choose the Correct Answer

Correct Answer : Option c

Explanation
Statement 1 is correct: As per the Ministry of Statistics and Programme Implementation (MoSPI) The objective of PLFS is primarily to estimate the key employment and unemployment indicators (viz. Worker Population Ratio, Labour Force Participation Rate, Unemployment Rate) in the short time interval of three months for the urban areas only in the ‘Current Weekly Status’ (CWS).

Statement 2 is correct: Periodic Labour Force Survey (PLFS) also estimates employment and unemployment indicators in both ‘Usual Status’ (ps+ss) and CWS in both rural and urban areas annually.
Activity Status- Usual Status: The activity status of a person is determined on the basis of the activities pursued by the person during the specified reference period. When the reference period is the last 365 days preceding the date of survey, it is known as the usual status of the person.
Principal activity status (ps) - The activity status on which a person spent relatively long time (major time criterion) during 365 days preceding the date of survey, was considered the usual principal activity status of the person.
Subsidiary economic activity status (ss)- The activity status in which a person in addition to his/her usual principal status, performs some economic activity for 30 days or more for the reference period of 365 days preceding the date of survey, was considered the subsidiary economic activity status of the person.
Activity Status- Current Weekly Status (CWS): The activity status determined on the basis of a reference period of last 7 days preceding the date of survey is known as the current weekly status (CWS) of the person.