Labour And Social Welfare - Study Mode

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[#491] . . . . . . . . is the additional revenue the firm earns by employing one more unit of labour.

(A) Marginal revenue product of labour

(B) Cost revenue

(C) Demand forecast

(D) None of the above

Correct Answer

(A) Marginal revenue product of labour

[#492] Consider the following for the definition of principal employer under Inter-state Workmen Regulation Act, 1979. 1. It is the head of that office or department in any department of the government. 2. In a factory, the owner or occupier of the factory and where a person has been named as the manager of the factory under the Factories Act, 1948. 3. In a mine, the owner or agent of the mine and where a person has been named as the manager of the mine. 4. In any other establishment, any person responsible for the supervision and control of the establishment.

(A) 1, 2, 3 and 4

(B) Both 2 and 3

(C) Both 1 and 3

(D) 1, 2 and 3

Correct Answer

(A) 1, 2, 3 and 4

[#493] Which section of Contract Labour (regulation and abolition) Act, 1970 defines 'contract labour'?

(A) 2(a)

(B) 2(b)

(C) 2(c)

(D) 2(d)

Correct Answer

(B) 2(b)

[#494] Which theory considers labour welfare as a mandate of Corporate Social Responsibility (CSR) of the organisation?

(A) Functional theory

(B) Social theory

(C) Efficiency theory

(D) Trusteeship theory

Correct Answer

(B) Social theory

[#495] Which of the following statements are true/false? 1. Demands for goods is directly proportional to the labour market. 2. Marginal productivity is the addition made to the total production by subtracting one worker from the existing labour force. 3. Demand for labour is dependent on the elasticity of demand for product produced by the labour. 4. At higher wages, the demand for labour will be higher.

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