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Which one of the following is the correct sequence of various stages of operating cycle of a manufacturing company?  1. Raw material conversion period, work-in-progress conversion period, Finished goods conversion period, Receivables conversion period 2. Raw material conversion period, work-in-progress conversion period, Creditors payment period, Receivables conversion period 3. Creditor payment period. Raw material conversion period, Receivables conversion period, work-in- progress conversion period 4. Raw material conversion period, Finished goods conversion period, work-in- progress conversion period. Receivables conversion period 
Which of the following statements are true/false?
1. Piece rate system is easy to calculate the wages under this method as it provides certainty of the amount of wage payment to the employee.
2. In time wage system, there is fixed wage because the wages are dependent on the units of pieces produced.
3. Time wage system is based on the fact that the workers are paid on the basis of amount of time they spend on the doing the particular job.
4. Piece rate system is based on the fact that workers are paid the wages on the basis of quantity and quality of work performed by them.
Which of the following statements are true/false?
1. Fair wage is above the minimum wage but below the living wage.
2. Living wage is the highest amount of wage proposed by the government.
3. Different states have fixed different minimum wages based on the skill set of the employees.
4. Fair wage works on the formula Equal Pay for Equal work.
An industrial establishment employing one thousand employees has to pay the wages to the employees within which period after the last day of the wage period in respect of which the wages are payable under the provisions of the Payment of Wages Act, 1936?
Ram wage is 40% more than Krishna wage and Mohan wage is 62.5% of sum of Ram & Krishna wage then find Mohan wage is what % of Ram wage.
Which of the following statements is correct about Wage Boards in India?
1. A Wage Board is a tripartite body.
2. Labour and management representatives on a Wage Board can be selected from industries other than the one which is investigated.
3. Wage Boards are always statutory in nature.
4. Wage Boards work on the principle of living wage.
In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even if they seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements. Statement: (I) Wages are determined by minimum wage legislation in each country. (II) Increase in wage rate is the sign of growth in an economy. Conclusions: (I) Average wage rate signifies the wealth of a country. (II) Minimum wage legislation does not account wage imbalances.
In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even ifthey seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements. Statement:
(I) Wages are determined by minimum wage legislation in each country.
(II) Increase in wage rate is the sign of growth in an economy. Conclusions:
(I) Average wage rate signifies the wealth of a country.
(II) Minimum wage legislation does not account wage imbalances.
Which of the following statements are true/false?
1. Wages includes remuneration payable under any award or settlement between the parties or order of a court.
2. The employer needs to fix wage period for the payment of wages and this period shall not exceed two months.
3. Wages do not include travelling allowance or the value of any travelling concession.
4. In case of a person who is working in any railway factory or industrial or other establishment upon or in which more than one thousand persons are employed, the wages need to be paid by tenth of that month.
Who among the following can be appointed as the authority to hear and decide any claims arising out of deductions form wages or delay in payment of wages under the Payment of Wages Act, 1936?
1. Any Commissioner for Employees Compensation Act
2. Any regional labour commissioner appointed by the Central Government
3. Any assistant labour commissioner appointed by the Central Government
4. Any assistant labour commissioner appointed by the State Government with atleast two years of experinece.
5. A Judge of a Civil Court.