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Labour and Social Welfare
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Which of the following statements are true/false?
1. The Labour legislations are based on five principles.
2. A country needs to ratify ILO's convention so that it becomes a law in the country.
3. Payment of Gratuity Act, 1972 is a an employee welfare legislation.
4. Regulative legislations lay down rights and duties of employer and employees, while focusing on relationship of workers with trade unions.

Answer & Solution
Correct Answer: Option C
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