Labour And Social Welfare - Study Mode

Show All Answers

[#471] Match the following. List-I (Propagators) List-II (Theories of Wages) a. David Ricardo 1. Residual Claimant Theory b. Francis W. Walker 2. Marginal Productivity Theory c. Karl Marx 3. Subsistence Theory d. J. B. Clark 4. Surplus Value Theory

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

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

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

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

Correct Answer

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

[#472] Wage Negotiating Committees in India determine wages at

(A) plant level

(B) sector level

(C) industry level

(D) regional level

Correct Answer

(B) sector level

[#473] Assertion (A) Wage differentials can be attributed to the imperfections of the employment markets. Reason (R) Inter-industry wage differentials have been narrowing in developed countries than that in developing countries.

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

(B) (A) is right and (R) is wrong and so does not explain (A)

(C) (A) is wrong and (R) is right and so does not explain (A)

(D) Both (A) and (R) are right, but (R) does not explain (A)

Correct Answer

(D) Both (A) and (R) are right, but (R) does not explain (A)

[#474] The first organised Trade Union in India named as . . . . . . . . was formed in the year 1918.

(A) Delhi labour union

(B) Bombay labour union

(C) Madras labour union

(D) None of these

Correct Answer

(C) Madras labour union

[#475] Which of the following statement(s) relating to the second National Commission on Labour is/are not true? 1. The commission envisaged a system of Labour Courts, Lok Adalats and Labour Relations Commissions as the integrated adjudicatory system in labour matters. 2. The commission recommended that the Essential Services Maintenance Act should be withdrawn. 3. The commission was in favour of setting up wage boards for fixing wage rates for workers in any industry.

(A) Only 1

(B) 1 and 2

(C) Only 3

(D) All of these

Correct Answer

(C) Only 3