Labour And Social Welfare - Study Mode

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[#726] Social dialogue include 'all types of negotiations and consultations or simple exchanges of information between/among representatives of the government, employers and workers on issues of common interest relating to economic and social policies'. This meaning was advanced by

(A) the Indian Labour Conference

(B) the Standing Labour Committee

(C) the United Nations Organisation

(D) the International Labour Organisation

Correct Answer

(D) the International Labour Organisation

[#727] An increase in the supply of labour would lead to . . . . . . . . in the wage rate as there would be an excess supply of labour.

(A) increase

(B) decrease

(C) constant

(D) none of these

Correct Answer

(B) decrease

[#728] . . . . . . . . refers to differences in wages between workers with different skills in the same industry or between those with comparable skills in different industries or localities.

(A) Wage differential

(B) Wage administration

(C) Both A and B

(D) None of these

Correct Answer

(A) Wage differential

[#729] The Payment of Wages Act, 1936, mandates the employer to preserve the register having records the employees for how many years?

(A) 2

(B) 1

(C) 4

(D) 3

Correct Answer

(D) 3

[#730] Supply-demand framework predicts that termination of any ambitious project depresses a particular segment of labour market. This type of prediction is an example of

(A) positive economics

(B) equilibrium

(C) normative economics

(D) state of saturation

Correct Answer

(A) positive economics