Labour And Social Welfare - Study Mode

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[#496] The nature of demand for labour is

(A) direct demand

(B) indirect or derived demand

(C) both A and B

(D) none of the above

Correct Answer

(B) indirect or derived demand

[#497] Match the following. List-I List-II a. Attendance bonus paid over an unbroken series of years 1. Pooja Bonus b. Biannual payment of a month's salary for a long time which has become an implied condition of service 2. Profit-based Bonus c. Payment of a lumpsum amount during Pooja time 3. Customary Bonus d. An amount paid being linked with dividend 4. Contractual Bonus

(A) a-1, b-3, c-4, d-2

(B) a-3, b-4, c-1, d-2

(C) a-3, b-2, c-1, d-4

(D) a-2, b-3, c-1, d-4

Correct Answer

(C) a-3, b-2, c-1, d-4

[#498] Assertion (A) Prior to the formation of International Labour Organisation, most of the legislations governing the working class in India were regressive in nature and aimed at serving the interest of Britishers. Reason (R) India was a British colony.

(A) (A) is right, but (R) fails to fully justify (A)

(B) (A) is wrong and (R) is right

(C) (A) is right and (R) is wrong

(D) Both (A) and (R) are wrong

Correct Answer

(A) (A) is right, but (R) fails to fully justify (A)

[#499] Which of the following statements are true/false? 1. The institutional wage theory states that level of compensation is determined on empirical and quantitative basis. 2. Consumption theory was formulated on the concept that more wages will lead to more consumption. 3. Investment theory states that employee's compensation is determined by the rate of return on that employee's investment. 4. Supply and demand theory states that wages are determined based on demand and supply of labour.

(A) 1, 2, 3 and 4 are true

(B) 1, 3 are true and 2, 4 are false

(C) 2, 4 are true and 1, 3 are false

(D) 3, 4 are true and 2, 1 are false

Correct Answer

(A) 1, 2, 3 and 4 are true

[#500] Assertion (A) Labour welfare positively deals with the provision of opportunities which enable to worker and his family to lead a good life, socially and personally, as well as help him adjust to social transition in his work life, family and social life. Reason (R) The transition and the resultant undesirable social consequences are caused by large scale industrialisation.

(A) Both (A) and (R) are wrong

(B) (A) is right, but (R) does not explain (A)

(C) Both (A) and (R) are right and (R) explains (A)

(D) (A) is wrong, but (R) is right

Correct Answer

(C) Both (A) and (R) are right and (R) explains (A)