Match the basic content of the theory List-I with the theories List-II.
| List-I | List-II |
| a. Wages paid are equal to the productivity of the last worker hired | 1. Taussig's Theory of Wages |
| b. Wages, hours and working conditions are largely a matter of relative bargaining strength of two sides | 2. Marginal Productivity Theory |
| c. Wages are residue left over after the other factors of production have been paid wages | 3. The Bargaining Theory |
| d. Wages equal the total product of labour of the marginal firm minus the amount discounted by the employer for advance support of the worker | 4. Residual Claimant Theory |
A. a-2, b-4, c-3, d-1
B. a-3, b-2, c-1, d-4
C. a-2, b-3, c-4, d-1
D. a-3, b-1, c-2, d-4
Answer: Option C
This Question Belongs to Management >> Labour And Social Welfare
Labour movement became a vigorous force in India after . . . . . . . .
A. World War I
B. World War II
C. Panipat War I
D. Panipat War II
A. Improvement in working conditions
B. Adequate wages
C. Provision of rest pauses
D. All of the above
Which of the following recommendations were made by National Commissionon Labour in 1969?
A. Intensification by workers education to get good internal leader
B. The idea of one union for one plant
C. The compulsion of registration under the Trade Union Act, 1926
D. All of the above
A. INTUC, AITUC, NFITU
B. AITUC, NFL, BMS, NLO
C. INTUC, AITUC, HMS, UTUC
D. BMS, HMS, CITU, TUCC
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