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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.
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.
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 statement(s) is/are true?
1. The concept of wage boards was first enunciated by the Minimum Wage Committee.
2. A wage board is bipartite in character.
3. Representatives of employers and workers on wage board are appointed by the government after consulting the concerned organisations
Choose the correct answer:
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.
The average wage of a worker during a fortnihgt comprising 15 consecutive working days was Taka 90 per day. During the first 7 days, his average wage was Taka 87 per day and the average wage during the last 7 days was Taka 92 per day. What was his wage on the 8th day ?
Which of the following statement(s) is/are incorrect? 1. Wage Boards are tripartite in nature, with representatives from workers, employers, and independent members 2. Except for the Wage Boards for Journalists and Non-Journalists, all the other wage boards are statutory in nature 3. Second National Commission on Labour has recommended against the utility of wage boards Select the correct answer using the code given below:
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.
per day wage rate of workers is reduced 50% due to economic slowdown. After one year, the wage rate is increased by 60% . If the per day wage rate before the decrease was Tk. 100, then what is the per day wage rate now?