Labour And Social Welfare - Study Mode

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[#511] Which of the following are the essentials of a sound wage and salary structure?

(A) Internal equity and external competitiveness

(B) Linked with productivity

(C) Increments and individual equity

(D) All of the above

Correct Answer

(D) All of the above

[#512] Which of the following statements are true/false? 1. Consumption goods include all the goods that can be purchased with the income that an individual earns from working. 2. The individual is limited to twenty hours per day for work. 3. Leisure goods are the goods that individuals consume when they are not working. 4. The individual's income from work is limited by the market wage that individual receives for his or her labour skills.

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

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

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

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

Correct Answer

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

[#513] Match the following acts with their years of enactment. List-I List-II a. The Payment of Wages Act 1. 1948 b. The Minimum Wages Act 2. 1936 c. The Payment of Bonus Act 3. 1976 d. The Equal Remuneration Act 4. 1965

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

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

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

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

Correct Answer

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

[#514] Which of the following statements are true/false? 1. The Indian labour market has a dual nature. 2. India is basically an industrial economy with majority of population working in industries. 3. There is a significant migration from the rural areas to the urban areas of the country in search of better job opportunities. 4. Migration is always permanent.

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

(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

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

[#515] What will be the interest charged to the employer on the amount that is due?

(A) 12%

(B) 14%

(C) 11%

(D) 13%

Correct Answer

(A) 12%