Given below are two statements: Statement (I): Labour market reforms aim to increase flexibility in the hiring and firing of workers. Statement (II): Rigid labour laws discourage formal sector employment creation. Choose the most appropriate answer:

Question

Economics · Labour Reforms in India

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Both Statement I and Statement II are correct

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Answer 1

Statement I is incorrect but Statement II is correct

Answer 2

Statement I is correct but Statement II is incorrect

Answer 3

Both Statement I and Statement II are incorrect

Answer 4

Both Statement I and Statement II are correct

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