Which of the following statements are true/false?
1. The institutional wage theory states that level of compensation is determined on empirical and quantitative basis.
2. Consumption theory was formulated on the concept that more wages will lead to more consumption.
3. Investment theory states that employee's compensation is determined by the rate of return on that employee's investment.
4. Supply and demand theory states that wages are determined based on demand and supply of labour.
A. 1, 2, 3 and 4 are true
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
Answer: Option A
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
Join The Discussion