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21
. . . . . . . . represents the amount of goods that buyers are willing and able to purchase at various prices.
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Answer & Solution
Answer: Option A
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22
Which of the following is not a characteristic of labour?
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Answer & Solution
Answer: Option C
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23
Labour Welfare Services were divided into two groups by the committee of experts on Welfare Facilities for Industrial Workers convenedby ILO in 1963. These are (i) Those within the precincts of the establishment (ii) Those outside the precincts of the establishment. The content of welfare activities remained the same as recommendedby 1959 study team. As per the ILO classification, which one among the following is not welfare and amenities outside the precincts of the establishment?
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Answer: Option D
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24
According to the efficiency wage model firms will pay the real wage that
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Answer: Option C
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25
What is the current wage ceiling per month for a person employed on a wage or salary to be considered as an employee under the Payment of Bonus Act, 1965?
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Answer: Option B
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26
Who spearheaded the welfare movement during the early industrialisation period?
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Answer: Option D
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27
Consider the following for the definition of workman under Inter-state Workmen Regulation Act, 1979. Which of the following is correct?
1. It includes a person whois employed mainly in a managerial or administration capacity.
2. The person may be hired for skilled, semi-skilledor unskilled, manual, supervisory, technical or clerical work.
3. He draws wages exceeding five hundred rupees per mensemor exercises.
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Answer & Solution
Answer: Option B
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28
Consider the following statements for the unstructured labour markets. Which of the following statement(s) is/are correct?
1. They are the ones where specified rules by any authority have not been formulated.
2. People get the market information through established institutions.
3. It is devoid of any fringe benefits and is basically for the unskilled and semi-skilled workers.
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Answer: Option D
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29
Which of the following is not a weakness of craft unions?
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Answer: Option B
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30
Which of the following articles of the Indian Constitution allow people to practice any profession, or to carry on any occupation, trade or business?
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Answer: Option C
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