Under the provisions of the Minimum Wages Act, 1948, what is maximum amount of fine that can be imposed on an employer of contravenation of any of the provisions of the Act?
Assertion (A) The MNCs had deeply entrenched themselves by the time unions realised the role of MNCs in spreading capitalism. Reason (R) For a pretty long time the international trade unions did not consider the MNCs as their natural opponents.
Which of the following is incorrect in context of Minimum Wages Act, 1948?
1. The minimum rates of wages may be fixed only by the hour.
2. There will be different minimum rates of wages fixed for different scheduled employments, different classes of work in the same scheduled employment, adults adolescents children and apprentices and different localities.
3. The appropriate government has the power to fix the number of hours of work which shall constitute a normal working day.
Indifference curves relating to supply of labour have a number of properties some of which are mentioned below
1. Indifference curves are downward slopping
2. Indifference curves are upward slopping
3. Higher indifference curves indicate lower levels of utility
4. Higher indifference curves indicate higher levels of utility
5. Indifference curves do not intersect
6. Indifference curves intersect
7. Indifference curves are concave to the origin
8. Indifference curves are convex to the origin
Which among the following properties are not true?
