CBSE-NET (UGC) Labour-Welfare or HRM (Paper-II & Paper-III): Questions 107 - 109 of 206

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Question number: 107

» Labour Legislations » Classification

Appeared in Year: 2016

MCQ▾

Question

As per the provisions of the Payment of Gratuity Act, 1972 under which of the conditions an employee shall be entitled for payment of gratuity even if he/she has not rendered five years of continuous service?

  1. On his retirement

  2. On his death

  3. On his resignation

  4. On his disablement due to accident or disease (Dec)

Choices

Choice (4) Response

a.

3 and 4

b.

1 and 2

c.

3 and 1

d.

2 and 4

Question number: 108

» Labour Market and Wages » Demand and Supply of Labour

Appeared in Year: 2016

MCQ▾

Question

Which of the following statements is not correct? (June)

Choices

Choice (4) Response

a.

Market of highly skilled workers exhibit systematic periods of booms and busts.

b.

Wages and employment change swiftly from old equilibrium level to new equilibrium level.

c.

Equilibrium always prevails in labour market.

d.

Labour market equilibrium assumes that markets adjust instantaneously.

Question number: 109

» Human Resource Development » Organization

Appeared in Year: 2016

MCQ▾

Question

Which of the following statements are true about Herbert A. Simon’s decision making process?

  1. Decision – making process involves intelligence, design, and choice activities.

  2. Decision – making involves choice between alternative plans of action.

  3. Bounded rationality has no significance in decision – making process.

  4. Satisficing model brings about a balance between individual an organisational value judgement in decision making process. (June)

Choices

Choice (4) Response

a.

1, 2 is true

b.

1, 4 is true

c.

1, 2, 3 is true

d.

1, 2 and 4 are true

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