Labour Market and Wages (CBSE-NET (UGC) Labour-Welfare or HRM (Paper-II & Paper-III)): Questions 6 - 9 of 10

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Question number: 6

» Labour Market and Wages » Wage Theories

Appeared in Year: 2016

MCQ▾

Question

Who corrected the difficulties of Taylor’s differential piece rate system of wages? (Dec)

Choices

Choice (4) Response
a.

H L Gantt

b.

Henry Towne

c.

Frank and Lillian Gilberhts

d.

Newmann and Sumner

Question number: 7

» Labour Market and Wages » State Regulation of Wages

Appeared in Year: 2016

MCQ▾

Question

Which of the following is a non-statutory adhoc body? (June)

Choices

Choice (4) Response
a.

Central implementation and evaluation committee.

b.

Wage board

c.

Committee on conventions

d.

Central committee on labour research

Question number: 8

» Labour Market and Wages » Demand and Supply of Labour

Appeared in Year: 2016

MCQ▾

Question

Which among the following conditions will not lead to decrease in supply of labour- (June)

Choices

Choice (4) Response
a.

An increase in the people’s preference for work in relation to leisure.

b.

An increase in the income other than employment

c.

An increase in the wages paid in other occupations for which the worker in a particular market are qualified.

d.

A worsening of non-wage aspects of job.

Question number: 9

» Labour Market and Wages » Demand and Supply of Labour

Appeared in Year: 2016

Match List-Ⅰ List-Ⅱ▾

Question

Match the following situation with effects- (June)
List-Ⅰ List-Ⅱ

(A)

Isoquant is more curved

(i)

Smaller the size of substitution

(B)

Isoquant is linear

(ii)

Perfect complements

(C)

Isoquant is right angled

(iii)

Perfect substitutes

Choices

Choice (4) Response
  • (A)
  • (B)
  • (C)
a.
  • (i)
  • (iii)
  • (ii)
b.
  • (ii)
  • (i)
  • (iii)
c.
  • (iii)
  • (i)
  • (ii)
d.
  • (iii)
  • (ii)
  • (i)

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