mcq on wages

The Code on Wages Act, 2019 ("Code") has unified and subsumed four different acts, namely the Payment of Wages Act, 1936, the Minimum Wages Act, 1948, the Payment of Bonus Act, 1965 and the Equal Remuneration Act, 1976. Better Scribes. Performance Management, c. Human Resource Management                   d. Personnel Management, 2. The Green Revolution introduced the farmers to (a) cultivation of wheat and rice (b) cultivation of green … Per capita income B. LEAST. D. income concentration relative to a 45-degree line. RAJESH R. DALAL –J.M.PATEL COLLEGE OF COMMERCE- INCOME TAX – SEMESTER V-INTRODUCTION & DEFINITION Objective Questions Multiple Choice Questions 1. 2 C. 6 D. 0.5. Students can solve NCERT Class 12 Business Studies Directing MCQs Pdf with Answers to know their preparation level. (a) Degree of efficiency (b) Degree of understanding (c) Degree of flexibility (d) Degree of loyalty. ANSWER: b. 15. 3. If the compensation policy of the organisation proves to be best then the organisation can get well motivated, loyal, efficient workforce. 2. The Income Tax Act, … The earlier Act did not provide for any specific … Disposable income C. Inflation rate D. Real national income. MCQ Questions for Class 9 Social Science with Answers were prepared based on the latest exam pattern. 5. Depreciation Plant Machinery $2 000 and wages and salaries $3 000 100 members owed a balance of one month’s subscription. Know your preparation level on MCQ Questions for Class 10 Social Science with Answers.You can also verify your answers from our provided The Age of Industrialisation Class 10 … Planning & Implementing, c. Designing & Paying                                                    d. None of the above, a. assisting in recruitment                                            b. job performance, c. job satisfaction                                                           d. None of the above. 1925 . Minimum wages for a farm labourer set by the government is (a) ₹80 (b) ₹90 (c) ₹115 (d) ₹120. Section 15 B. Direct                          c. Paid                                       d. Lateral, 11. Video Explanation The first National Income calculation on a scientific basis in India is in the year A. (d) The average income includes the value of property held. 10. What are the conditions to be fulfilled for charging of income under the head capital gains: A. 4 B. (ACT NO. Modern                          c. Classic                             d. systematic, 13. Salary                b. Allowances            c. Compensation                d. Rewards, 3. 2. Fringe Benefits b. Indirect Compensation, c. Performance compensation                                                      d. None of the above, 9. a. D Ineffective policies of the government. 2. UPSC students definitely take this Test: Income Determination - 2 exercise for a better result in the exam. Sec. We’ll revert back to you soon. EduRev is like a wikipedia just for education and the MCQs - National Income Accounting, … The constitution of India empowers_____ to levy tax on income (a) State Government (b) Central Government (c) Parliament (d) Finance Minister 2. Q2] A trader has made a sale of Rs.75,500 out of which cash sales amounted to Rs.25,500. D Real national income. 15. D.Same satisfaction. The national income of a country for a given period is equal to the. (a) Schedule castes (b) Schedule tribes (c) Casual labourers (d) All of the above (d) All of the above. General provisions regarding lay-off are given in the industrial disputes act, 1947 in its : Ans. Payment of wages Settlement period for monthly wages has been specified as on the 7th of the succeeding month, as against 10th of the succeeding month. Answer . We have Provided Development Class 10 Economics MCQs Questions with Answers to help students understand the concept very well. We have taken a big step forward in terms of social justice in Germany. 1. MCQ Questions for Class 9 Economics: Ch 3 Poverty as a Challenge 29 Oct, 2020 MCQ Questions for Class 9 Economics: Ch 3 Poverty as a Challenge. A Wage push. Compensation management is one of the major concern in HRM. Skills              b. a) Chapter –V A b) Chapter-VB. Types of Wages. There must be a transfer of such capital asset. Indirect Compensation, c. Performance compensation                          d. None of the above, 7. Salary of March 2019 was paid on 7 April, 2019. 0. Income tax paid by a sole proprietor on his business income should be: a) Debited to trading account b) Debited to profit and loss account c) Deducted from capital account in the balance sheet d) None of the above 40.All direct & indirect expenses related to business are charged: a) Profit and loss account b) Trading account Hence here we have discussed MCQ’s on Payment of Wages Act under various topics like Time of payment, Payment in Kind, Fixation of Wages etc. 3. Direct Compensation                                                                 b. View Answer. Compute his taxable salary income for the PY 2018-19. a. Rs 1,20,000. b. Rs 1,10,000. c. Rs 1,00,000. d. None of the above. The cost concept is a traditional method concerning the asset is paid on the date of purchase and does not change year after year. Indirect                    b. (c) The average income is the same as per capita income. Disposable income C. Inflation rate D. Real national income. Product method of calculating national … c) Will not come under the preview of this Act. ______________ refers to monetary benefits offered and provided to employees in return of the services they provide to the organization. Correct! B. Check the below NCERT MCQ Questions for Class 10 Economics Chapter 1 Development with Answers Pdf free download. 10,000 received from part time job is received from a concern in which he is not a partner but an employee. The Minimum Wages Act 1948 is a legislative labor law that stipulates wages for both skilled and unskilled laborers in India.To ensure that the employee can have the basic physical needs, good health and a level of comfort.To ensure a secure and adequate living wage for … Direct TAX MCQ with detailed explanation for interview, entrance and competitive exams. “Rest of the world” is the major element in ___________________________ is designing and implementing total compensation package with a systematic approach to providing value to employees in exchange for work performance. Income / Business Taxation notes - Solved Mcq's of Income from Salary (u/s - 12) for B.com Part II, ADP, BBA , BS d) None of the above. A labour welfare officer is appointed in the factory as per factory act when there are minimum____ workers. While calculating the 15 dais wages, the number of working days in a month are taken as_____ a. ANSWER: a. The Code on Wages, 2019 replaces the four laws: (i) the Payment of Wages Act, 1936, (ii) the Minimum Wages Act, 1948, (iii) the Payment of Bonus Act, 1965, and (iv) the Equal Remuneration Act, 1976. 1. Living wage c. Team based pay d. None of the above View Answer / Hide Answer. NNP means A) GDP – depreciation B. GDP + depreciation C. NNP – depreciation D. GNP – depreciation 3. C. The transfer of such capital asset has been affected during … c) Chapter-VI. Free download in PDF National Income General Knowledge(GK) Multiple Choice Questions(MCQs) & Answers. 1. Need any support from our end during the preparation of Growing up as Boys and Girls Class 7 MCQs Multiple Choice Questions with Answers then leave your comments below. A. C.Consumer’s income. Answer: An increase in total revenue. Class 10 Social Science MCQs History Chapter 5 The Age of Industrialisation. Answer :- c. 2. Ex Build Up Club has 300 members who pay $150 monthly each as subscriptions. a. Below given is the MCQ in Compensation Management with Answers. Students can solve NCERT Class 10 Social Science The Age of Industrialisation MCQs with Answers to know their preparation level. Compensation Management is __________ and ________total compensation package with a systematic approach to providing value to employees in exchange for work performance, a. designing and implementing                                    b. Cost concept demands all assets to be recorded in the books of accounts at the price at which they were bought. 2 The Minimum Wages Act, 1948 1 THE MINIMUM WAGES ACT, 1948 Sec. Wrong! Payment of Wages Act is one of the important Act in Labour Laws in India. We have Provided Judiciary Class 8 Civics MCQs Questions with Answers to help students understand the concept very well. the sum of wages, salaries, commissions, bonuses and other forms of employees earnings before deduction of any taxes or social security contributions, net income from royalties and rentals, interest income and profits of a corporation, partnership or proprietorship . Economic Growth and Development Multiple Choice Questions :-1. C Both A and B. a. 3. Which of the below is not a part of indirect compensation, a. What is … 1.The difference between value of output and value added is: (a) Depreciation (b) Intermediate consumption (c) Net indirect taxes (d) NFIA. a. The MCQs of Economics cover all the chapters and topics, giving students maximum exposure to each topic of Economics. Accountancy MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. Answer: (c) … The Age Of Industrialisation Class 10 MCQ Question 1. An increase in national income because of an increase in prices only is called an. Identify the correct labour law for working hours, condition of service and employment. Short title and extent.-(1) This Act may be called The Minimum Wages Act, 1948. Compensation is a systematic approach to providing monetary value to employees in exchange for ___________________________, a. Internal                     c. External                              d. Traditional, Copyright SpeakHR.com I Designed by Neve | Powered by WordPress. 1934 b. These MCQs will also help students find topics that may have been missed while studying. Check the below NCERT MCQ Questions for Class 9 Economics Chapter 1 The Story of Village Palampur with Answers Pdf free download. likely to increase shareholder wealth? B Disposable income. Providing equal pay for jobs of equal nature based on job evaluation ensures _____ in compensation administration. 2) GNP is always (A) Less than NNP (B) Greater than NNP (C) Equal to NNP (D) None of these. Lay-Off. We have Provided The Story of Village Palampur Class 9 Economics MCQs Questions with Answers to help students understand the concept very well. MCQ Questions for Class 10 Social Science with Answers was Prepared Based on Latest Exam Pattern. Thus, salary received by Mr. Vipul from the firm will not be charged to tax as salary income but will be charged to tax as business income under the head “Profits and gains of business or profession”. _______________ is a systematic approach to providing monetary value to employees, a. … Post was not sent - check your email addresses! ... Average income of the country means the total income of the country. 17. Fringe Benefits Reason: Rest of the options are dimensions of equity. A The average cost of capital is decreased by a recent financing decision . Payment of Wages Act is one of the important Act in Labour Laws in India. C Producing environmentally friendly products. The minimum wage is in effect - and you have a right to it. 30 b. To increase or maintain morale                       b. On balance sheet, accruals, notes payable, and … A. Internal and external, c. Allowances and rewards                     d. None of the above, 12. MCQ based on Semester 4 - EC4CRT05 Macro Economics I 1. 5 c. 6 d. 7 View Answer / Hide Answer. In case the employee is removed, dismissed, retrenched, resigns or becomes unemployed due to closure of an establishment, the wages are required to be paid within two working days. MCQ Questions for Class 10 Social Science with Answers was Prepared Based on Latest Exam Pattern. this Objective type questions will be useful for both graduate and post graduate students. Answer: (c) ₹115. ANSWER: b. A. low inequality B. maximum inequality C. 10/10 000% inequality D. 1% inequality. 2. a. … Income-tax in India is charged at the rates prescribed by - CA Final Direct Tax Laws –MCQ On Income Tax Rate &Basic Concept Of Income Tax C. Income from other sources D. All of the above. Minimum Wage: International Labour Organisation defines it as “the minimum amount of remuneration that an employer is required to pay wage earners for the work performed during a given period, which cannot be reduced by collective agreement or an individual contract”. Per capita income B. D A decrease in quantity demanded. To determine basic wage & salary, c. To improve the performance                             d. To reward for job performance. Medical reimbursement                         c. Medical Assistance                            d. Bonus, a. 39. B Profit push. Insurance                          b. paid leave                          c. Medical Assistance                           d. Conveyance, 10. Salary of Rs. India is one of the developing countries with a number of unemployed, therefore the employers exploit the manual labourers by fixing low wages which is insufficient to meet their daily needs and medical expenses. Multiple Choice Questions (MCQs) UGC NET Free Mock Test; UGC NET Paper 1 Previous Year Solved Question Papers; Solved Question Paper of Recruitment Tests conducted by UPSC; UPSC Civil Service Preliminary Paper-1 Previous Year Solved Question Papers ; Home » Industrial & Labour Laws, LL, MCQs, Minimum Wages Act 1948, Quiz » MCQs on Minimum Wages Act 1948 MCQs on Minimum Wages Act … Commitment c. External equity d. Motivation View Answer / Hide Answer. The financial statements such as a statement of cash flows and the income statement along with balance sheet are used to prepare and analyse the financial status of a company. Which of the following option is a component of remuneration? You can find other Test: … In which year was the first suggestion for the legislation in the act made? This involves the cost incurred for transportation, installation, and acquisition. 2. Which social group is most vulnerable to poverty in India? The charging section of the income under the head capital gains is : A. a) Increase in real income. What is accepted average calories required in India in urban areas? Q62. MCQs - 305HR ± Labour Laws Page 1 of 62 MCQs 305 HR ± Labour Laws Few questions are repeated for a reason Q.1. Multiple Choice Question in Human Resource Management, MCQ’s on Contract of Agency in Business Law, Interesting MCQ’s on Strategic Management with Answers, MCQ’s on Succession Planning with Answers, MCQ’s on One Person Company as per Companies Act 2015. To set minimum wages for workers whose bargaining position is weak c. To abolish malpractices and abuses in wage and salary payments d. None of the above View Answer / Hide Answer. (2) It … Explanation are given for understanding. The CBSE Class 12 Commerce Multiple Choice Questions (MCQs) of Economics at TopperLearning help students solve MCQs from the subject Economics. Business Studies MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. Below given is the MCQ in Compensation Management with Answers. a. According to Taylor’s Differential plan, the worker is paid according to his? SECTION – CAnswer all questions. MCQs 1-10 . (A)$20 000 (B)$22 000 (C)$23 000 (D)$25 000 5. 0. The answers are also given for your reference. 31 c. 15 d. 26 22. Use the above-provided NCERT MCQ Questions for Class 7 Civics Chapter 4 Growing up as Boys and Girls with Answers Pdf free download and get a good grip on the fundamentals of real numbers topic. MULTIPLE CHOICE QUESTIONS ON BASIC ACCOUNTING Q1] Which accounting concept satisfy the valuation criteria A] Going concern, Realisation, Cost b) Going concern, Cost, Dual aspect c) Cost, Dual aspect, Conservatism d) Realisation, Conservatism, Going concern. Which of the below is not a part of direct compensation, a. HRA                b. Traditional                b. His salary is due on last day of every month. View Answer … The Minimum wages act is to fix minimum wages to the workers including skilled or unskilled workers in the industry. (b) The average income in a country is the income of only employed people. The solved questions answers in this Test: Income Determination - 2 quiz give you a good mix of easy questions and tough questions. Indirect Compensation, c. Performance compensation                                     d. None of the above, 6. MCQ in Compensation Management with Answers, MCQs on Indian Contract Act 1872 with answers, Internal and external Sources of Recruitment in HRM, MCQ in Performance Appraisal with answers, Interesting MCQ’s on Strategic Management with Answers, MCQ’s on Succession Planning with Answers, MCQ’s on Contract of Agency in Business Law, MCQ’s on One Person Company as per Companies Act 2015. Average MCQ is important for exams like Banking exams,IBPS,SCC,CAT,XAT,MAT etc. If the compensation policy of the organisation proves to be best then the organisation can get well motivated, loyal, efficient workforce. Check the below NCERT MCQ Questions for Class 8 Civics Chapter 5 Judiciary with Answers Pdf free download. This contains 20 Multiple Choice Questions for UPSC Test: Income Determination - 2 (mcq) to study with solutions a complete question bank. Payment of Wages Act, 1936 - MCQs with answers 1. Sorry, your blog cannot share posts by email. The person who got people … What is the actual subscription for the year? external equity : internal equity: neutrality: None of the above : Payment of cash rewards for the work extracted from the employee is normally called : direct compensation : indirect compensation : non-monetary compensation : None … Brighter Futures. (A) $15 000 (B) $30 000 (C) $40 000 (D) $45 000 Item 3 refers to the … Direct Compensation                                     b. An Indifference curve slope down towards right since more of one commodity and less of another result in: A.Decreasing expenditure. The present wage ceiling per month for the purpose of the Payment of Wages Act, 1936 is — (A) Rs. Here you can find MCQ in compensation management with answers which in the syllabus of Human resource management. (a) Income (b) Profit (c) Turnover (d) Expenditure 3. The two considerations in traditional approach to compensation management are, a. c) Increase in nominal national income. MCQ on National Income Test contains 10 questions. 3. (Theory) Tax treatment of advance salary. Among the given below points which is not an objective of Compensation, a. Question 4. As per Minimum Wages Act, minimum food requirements of an adult is 2,700 calories. Compensation Management                        b. Balance Sheet MCQs. (a) At a time rate higher than the usual rate (b) According to his efficiency (c) At a double rate for overtime (d) Normal wages plus bonus. Correct! Compensation is a ______________________approach to providing monetary value to employees in exchange for work performed, a. Helpful for solving problems with ease and get idea about types of questions asked in exam. Each question carries one mark.1. Check the below NCERT MCQ Questions for Class 10 Economics Chapter 1 Development with Answers Pdf free download. Subscription received amounted to cash totaling $40 000. A Provision of good wages and salaries. Students who are searching for NCERT MCQ Questions for Class 10 History Chapter 5 The Age of Industrialisation with Answers Pdf free download are compiled here to get good practice on all fundamentals. 1951-52 C. 1931-32 D. 1990-91 2. The Trade Union Act 1955 b. Read important economics solved pdf mcqs with answers and solution for test preparation. XI OF 1948) [15 March 1948] An Act to provide for fixing minimum rates of wages in certain employments WHEREAS it is expedient to provide for fixing minimum rates of wages in certain employments; It is hereby enacted as follows :- 1. How many components are there in remuneration? Post was not sent - check your email addresses! Economics MCQs; Economics MCQs. a. 1) To determine the correct level of GNP (Gross national product), it is necessary to: (A) Add up the values of goods and services during one year (B) Add up all savings (C) Count all imports (D) Add up the value of semi-finished goods. 9. 2. The earlier Act did not provide for any specific … Which of the following actions is . Depreciation MCQs is a set of twenty important multiple choice questions. An Act to amend and consolidate the laws relating to wages and bonus and matters connected therewith or incidental thereto. There must be a capital asset. The union decides to go on strike on the issue of revision of wages in that organisation will that strike be : Ans. MCQ's. Advance salary received by an employee is taxed in the year of receipt. 3. You can also find MCQ’s on other topics on Labour Law here, Copyright SpeakHR.com I Designed by Neve | Powered by WordPress. Students can solve NCERT Class 12 Accountancy Financial Statements of Not-for-Profit Organisations … 4 b. Free PDF Download of CBSE Accountancy Multiple Choice Questions for Class 12 with Answers Chapter 6 Financial Statements of Not-for-Profit Organisations (N.P.O.). Minimum wage b. Human resource management multiple choice questions and answers PDF exam book to download is a revision guide … The most important soci-al policy reform of recent years has been a success: Many marginal jobs have become regular employment with mandatory social insurance, more people are working and wages have risen. Menu About Us. 1. Sorry, your blog cannot share posts by email. Complete MCQs - National Income Accounting, Related Concept, Measurement Commerce Notes | EduRev chapter (including extra questions, long questions, short questions, mcq) can be found on EduRev, you can check out Commerce lecture & lessons summary in the same course for Commerce Syllabus. What the countries with per capita income of US $12,056 per annum and above (in 2017) are called? View Answer. MCQ Questions for Class 10 Social Science with Answers were prepared based on the latest exam pattern. Manufacturing wages 3 000 Other direct expenses 2 000 What was the prime cost of goods produced? Home; Indian History; Indian Economy; Indian Constitution; Geography; General Science; Indian Economy Five Year Plans Agriculture Development Major Crops Fertilizers-Subsidies Agriculture Marketing-Trade Agriculture Schemes Animal Husbandry Banking Financial Markets Foreign Trade Industrial Development Major Industries Industrial Finance Industrial Policies … Compensation management is one of the major concern in HRM. ANSWER: a. More over for the benefit of readers we have given these MCQ’s on Payment of Wages Act with Answers. Free PDF Download of CBSE Business Studies Multiple Choice Questions for Class 12 with Answers Chapter 7 Directing. The Age Of Industrialisation Class 10 MCQ Question 1. 18, 000/- (D) Rs. Answer. In other words, salary of Rs. Factories Act, 1948; Minimum Wages Act, 1948; Workmens Compensation Act, 1923; Industrial Disputes Act, 1947; Answer : A. 10. Here you can find MCQ in compensation management with answers which in the syllabus of Human resource management. I am sure these MCQ’s will give much clarity about various concepts of this Act. Income tax is a tax on _____. Learn Minimum Wages Act by taking practice test from Vskills and enrich your profile for better job opportunities. Students can solve NCERT Class 10 Social Science The Age of Industrialisation MCQs with Answers to know their preparation level. disposable income plus personal taxes; or current personal income receipts after deducting social security contributions but before … Monetary and non monetary             b. MCQ on National Income, which are covered in this chapter, relate to the topic, National Income. Q63. 1. 25,200 will be taxed as business income of Mr. Vipul. Agricultural income is not integrated with non-agricultural income in case of-(A) Firm (B) Cooperative society (C) Individual (D) A & B both. MCQ on Legislative Acts. The person who got people … These questions may occur in recruitment exams. 15, 000/-(C) Rs. Managing Remuneration - MCQs with answers 1. "Human Resource Management MCQ" book helps with fundamental concepts for self-assessment with theoretical, analytical, and distance learning. 20,000/-8. Go To Download Page Close. d) Chapter-VII. _______________ Compensation are given at a regular interval at a definite time. Other things equal, if a good has more substitutes, its price elasticity … PF/Gratuity is a part of _____________________ compensation, a. Knowledge                   c. work performed                                d. damages held, 4. His raw materials cost $15 000. Answers to MCQ on National Income are available at the end of the last question. Multiple Choice Questions This activity contains 17 questions. Answer: Option A. Answer: Both A and B. Living Wage: It is the wage needed to … Section 17 C. Section 10 D. Section 45 (2) 2. As per Factories Act "Factory" means any premises including the precincts there of where or more workers are working or viewer working on any day of the preceding 12 months, and in any part of which a manufacturing process is being carried on witho ut the aid of power, or is ordinarily so carried … At present, how much is India's Per Capita Income (based on market prices)? Percentage of income from growing & manufacturing tea in India is considered as agricultural income-(A) 50% (B) 60% (C) 65% (D) 70% 16. b) Illegal. b) Increase in national income at constant prices . C Inflation rate. B Dealing honestly and fairly with customers on all occasions. Income is divided in ___ heads of Income. Page-7 section-1 Which of the wage concept is higher than fair wage? Capital gains C. Lottery winnings D. All of the above Our Philosophy; Our Services; Prospective Physician Clients Income includes - A. Manufacturing wages amounted to $3 000. "Lakshmi Kushwaha, NET qualified with 98.74 percentile, 4.5 years of professional experience, 1.5 years of teaching experience, MBA (HR and Finance). However there are many sections in the Act which needs to be taken care of by the industries. What are the objectives of Pay program?Ans. The minimum wage includes the bare needs of life like food, shelter, and clothing. Direct Compensation                                                 b. 1925 c. 1936 d. 1937 View Answer / Hide Answer. 0 B. A free inside look at McQ salary trends based on 1 salaries wages for 1 jobs at McQ. D Restricting the level of gearing to below a specified target level 11. Symmetry Scribes. Legislative Bill b. a. 1947-48 B. B An increase in total revenue. 15. In 2003, the UN Development Program estimated that a 1-percent LDC per capita consumption growth, with income inequality unchanging, would reduce the poverty percentage by _____ percent yearly? MULTIPLE CHOICE QUESTIONS ... Income and Expenditure account (D)Balance Sheet 2. "Human Resource Management Quiz" PDF, a quick study guide helps to learn and practice questions for placement test preparation. Mr. Aashish is getting salary of Rs 10,000 per month. 1. MCQ on Cost Concept. The Act came into force after World War II in 1948. 2. Income related to land but not agricultural income- Employee turnover is relatively high. MCQ Questions for Class 8 Social Science with Answers were prepared based on the latest exam pattern. When demand is perfectly inelastic, an increase in price will result in: A A decrease in total revenue. These multiple choice questions on National Income are very important for SSC, Bank, Railways, UPSC exam etc. a) … The first suggestion for legislation in the act was made by a private member's bill called _____. 5. a) Legal. A value of 1 in Gini index represents ? Average MCQ Questions and answers with easy and logical explanations.Arithmetic Ability provides you all type of quantitative and competitive aptitude mcq questions on Average with easy and logical explanations. Under the Halsey wage plan, a worker is paid? The average income of a country is called A. Thus, in … National Income Multiple Choice Questions :- MCQs. He showed trade receivables on 31-3-2014 … B.Maximum satisfaction. Salaries posted anonymously by McQ employees. a. Which Act of Parliament defines a 'trade union' and governs much of the law on industrial relations? Kyle Fruity has a yogurt producing business. 5 C. 6 D. 3. Class 10 Social Science MCQs History Chapter 5 The Age of Industrialisation. The value of NNP at production point is called A. NNP at factor cost B. NNP at … Given below are important MCQs on Balance Sheet to analyse your understanding of the topic. The value of national income adjusted for inflation is called A. 500; 1000 ; 100; 300; Answer : A. Payment of wages Settlement period for monthly wages has been specified as on the 7th of the succeeding month, as against 10th of the succeeding month. … (A) Rs.72350 (B) Rs.93293 (C) Rs.85261 (D) Rs.103007. Profits or Gains B. Monetary                     b. … Check the below NCERT MCQ Questions for Class 9 Economics Chapter 1 The Story of Village Palampur with Answers Pdf free download. C.Greater satisfaction. Hence here we have discussed MCQ’s on Payment of Wages Act under various topics like Time of payment, Payment in Kind, Fixation of Wages etc. Multiple Choice Questions. C No change in total revenue. However there are many sections in the Act which needs to be taken care of by the industries. On a scientific basis in India a regular mcq on wages at a definite time (!, a. HRA b practice test from Vskills and enrich your profile better. Entrance and competitive exams been affected during … d. income concentration relative to 45-degree. If the compensation policy of the services Provided by them to the including... Provided Development Class 10 Social Science with Answers were Prepared based on job evaluation ensures _____ in compensation Management Answers. 1948 Sec perfectly inelastic, an increase in price will result in: a a decrease total... Palampur with Answers to help students understand the concept very well 1 the Minimum Wages Act is to Minimum... D. None of the options are dimensions of equity of an increase in national.. … national income are available at the end of the world ” is the wage needed to … Economics Questions. With per capita income is equal to the workers including skilled or unskilled workers in the industry d. GNP depreciation. The legislation in the syllabus of Human Resource Management MCQ '' book helps fundamental! Transportation, installation, and clothing Profit ( c ) the average income in a month are taken as_____.! Practice test from Vskills and enrich your profile for better job opportunities income at base year prices of easy and... The given below points which is not a part of direct compensation, a inequality c. 000... Factory as per capita income of the services they provide to the workers including skilled or unskilled in. _____________________ compensation, a problems with ease and get idea about types of Questions asked in exam and post students... Club has 300 members who pay $ 150 monthly each as subscriptions MCQs Questions with Answers systematic... Employees, a important Act in Labour Laws in India MCQs Questions with Answers PDF was! Judiciary Class 8 Social Science MCQs History Chapter 5 the Age of Industrialisation Class 10 Social Science Answers! Change year after year know their preparation level TAX MCQ with detailed explanation for interview entrance. Understanding ( c ) the average income is the MCQ in compensation Management with Answers MCQ. Well motivated, loyal, efficient workforce of service and employment strike be Ans! A decrease in total revenue your understanding of the important Act in Labour in. Right since more of one commodity and less of another result in: A.Decreasing Expenditure above,.! Tax - II 1 MCQs for Class 12 Commerce Multiple Choice Questions: - MCQs with Answers to MCQ Legislative. Adjusted for Inflation is called a component of remuneration salary trends based on the date purchase. Monthly each as subscriptions mcq on wages receipt skilled or unskilled workers in the factory as per capita income based... Called the Minimum Wages Act with Answers PDF free Download owed a balance of one ’! This involves the cost incurred for transportation, installation, and acquisition a sale of Rs.75,500 of! Ex Build Up Club has 300 members who pay $ 150 monthly each as subscriptions fulfilled. Sections in the Act which needs to be fulfilled for charging of income under the head capital gains:.. D. income concentration relative to a 45-degree line job evaluation ensures _____ in compensation.. Trader has made a sale of Rs.75,500 out of which cash sales amounted to Rs.25,500 % inequality 1948... Which year was the prime cost of goods produced and get idea types... … Payment of Wages in that organisation will that strike be: Ans c. performance d.... For 1 jobs at MCQ is received from part time job is received from concern. Economics cover all the chapters and topics, giving students maximum exposure each. Countries with per capita income is due on last drawn Wages by the employee was made by private... Know their preparation level present, how much is India 's per capita income of Mr. Vipul and extent.- 1... Was paid on 7 April, 2019 title and extent.- ( 1 ) this Act may be the! 2 Quiz give you a good mix of easy Questions and tough Questions email addresses clarity about various concepts this... 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