NTA-NET (UGC-NET) Labour-Welfare, Industrial Relations & HRM (55): Questions 228 - 230 of 2071

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Question 228

Appeared in Year: 2016

Question MCQ▾

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.

Labour market equilibrium assumes that markets adjust instantaneously.

c.

Equilibrium always prevails in labour market.

d.

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

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Question 229

Appeared in Year: 2016

Question MCQ▾

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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Question 230

Appeared in Year: 2016

Question MCQ▾

The first of May in 1927 was for the first time celebrated as ‘Labour day’ at (June)

Choices

Choice (4)Response

a.

Calcutta

b.

Ahmedabad

c.

Madras

d.

Bombay

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