11. 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.
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.
12. Assertion (A) Labour welfare positively deals with the provision of opportunities which enable to worker and his family to lead a good life, socially and personally, as well as help him adjust to social transition in his work life, family and social life.
Reason (R) The transition and the resultant undesirable social consequences are caused by large scale industrialisation.
Reason (R) The transition and the resultant undesirable social consequences are caused by large scale industrialisation.
13. According to Mines Act, 1952, certificate of fitness shall be valid for how many months?
14. Which of the following act, has not been enacted to regualte the wages?
15. Which of the following is not the determinant of supply?
16. . . . . . . . . is a kind of differential which occurs when the workers in the same occupation and in the same area but in different industries are paid different wages.
17. Which one of the following does not find place under the Factories (Amendment) Bill 2016 initiated by the government?
18. According to the Building and other Construction Workers (regulation of employment and conditions of service) Act, 1996, what is the minimum age of a building worker to be registered as a beneficiary under this act?
19. According to the Contract Labour (regulation and abolition) Act, 1970, what is the penalty if anyone contravenes any provision of this act?
20. Consider the following statements for the perfect market. Which of the following statement(s) is/are correct?
1. All the buyers and sellers have freedom to make entry or exit at any time in the market.
2. There are a large number of small undifferentiated buyers.
3. A single price prevail in the market.
1. All the buyers and sellers have freedom to make entry or exit at any time in the market.
2. There are a large number of small undifferentiated buyers.
3. A single price prevail in the market.
Read More Section(Labour and Social Welfare)
Each Section contains maximum 100 MCQs question on Labour and Social Welfare. To get more questions visit other sections.
- Labour and Social Welfare - Section 1
- Labour and Social Welfare - Section 2
- Labour and Social Welfare - Section 3
- Labour and Social Welfare - Section 4
- Labour and Social Welfare - Section 5
- Labour and Social Welfare - Section 6
- Labour and Social Welfare - Section 8
- Labour and Social Welfare - Section 9
- Labour and Social Welfare - Section 10