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Dal~: MdY 10.2007
Time: 12.00 noon. -3.00 p.m.
I'OST GRADUATE [)!I'LOMA IN LABOUR LAWS AND PRACTICE LABOUR ECONOMICS (I\EW COURSE)
Maximum marks 60
Question I is compulsory.
Attempt any four from questions 2-9. All questions carry equal marks.
QUl'.1 Answer the following questions from the given choices. (1 mark each)
<1. III the shun run. the labour market is in equilibrium when
:.I) Average wage is equal to average productivity of labour.
b) Marginal wage paid to the worker is equal to marginal productivity of the labour.
c) Total wages paid to workers are equal to total productivity.
d) Wage paid to worker is equal to the total price of the product.
Labour force participation rate includes
3) Only main workers.
b} Main as wel! as marginal workers.
c) Main and marginal workers and those seeking work.
d \ Workers in the informal sector.
Wage i~' ol b) c} eI)
Fair wages arc determined at
a) The subsistence level.
b) Minimum wage level
c) Higher than the minimum wage level
d) Lev v er than the subsistence wages.
Tho! remuneration paid to the casual labour
The remuneration to the workers for the services rendered. Paid to workers in the unorganised sector.
None of the above.
a) Part of the wages paid to the workers.
b) Part ofwage that worker claims .
.._-) An ex-gratia payment.
d) Paid to the workers at the termination.
Th~ labour market fer the skilled labour
u I Is in equilibrium where demand lor labour is equal to supply of labour.
b) Is a dynamic process with shortages and surpluses forming a cobweb like situation and never in equiiibrium.
c) Is a static situation that never changes.
J) There is no labour market for skilled-labour.
g. Collective bargaining is
u) A tripartite agreement among employers, employees and govenuueut.
b) A bipartite agreement between group of employers and individual employees.
c) A bipartite agreement between the group of employers and group of employees.
J) A bargaining for wages between any individual employer and jobseeker.
h. Which of the following. is within the purview of the trade union?
(1) Regulating relations between the workers and the employers.
0) Regulating the relations of workers and the State in matters of mutual concern such as the terms and conditions of employment.
c) Regulation of wages, participation of workers, etc,
d) All ofthe above.
\\'u!"\-.;cr'S organise themselves into a trade union in order to
a) protect and promote the interests of its members.
b) Take lip issues which indirectly affect workers' living standards.
c) replace managerial dictatorship by workers' democracy.
d) All ofthe above.
The long run labour supply curve is
a) Horizontal line curve
b) Verticalline curve
c) Positively upward sloping curve
J) Back ward bending curve
Which ofthe Iollowuig IS not included in "basic wages" according to Employees' t'rovidcm fund?
"lh .... cash value of any food concession or presents by the employer.
b. Cash payments to an employee on account ofa rise in the cost of living.
I·IRA, overtime allowance, commission or any other similar allowance payable to the employee in respect of his/her employment or of work done in such employment.
1'1- ~ ~
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d. Ali of the above.
Who appoints the Central Provident Fund Commissioner?
a) Central Government
b) State Government
c) Employers' Organisation
d) Employees' Organisation
Qu~.2 What do you mean by labour economics? What is the scope of labour economics in the recent times?
QlI~.J Explain the meaning and types of wage differentials. What are the causes of wage differentials?
Quc.! Explain the determination of demand for labour in the long run.
Que.S Discuss in detail the importance and effects of collective bargaining.
Que.o What are the various types of unemployment found in a developing country like India? What are the causes of educated unemployment?
Qu~.7 What do you mean by bonus? What provisions have been made in the recent Payment of Bonus Act?
Qu\.!.8 Discuss the following:
a) Employees' Provident Fund Scheme.
b) Provisions in Employees' Pension Scheme for the family of the employee.
What is meant by a trade union? Expiain the significance of trade union.
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Date; January 8, 2007 Time: J.OO p.m. -6 00 P,ITI
Maximum marks 60
;) ii) iii)
Question [ is compulsory
Attempt ally four from questions 2-0 All questions carry equal marks.
State giving reasons whether the following statements are true or false: (1 mark each)
Labour Economics studies only labour market conditions
III Ill,:; long r'uu mar-ket is ill equilibr-ium where demand for labour equals supply of InbOL1'
Fair wage is determined at the subsistence level of living.
Population is the only cause of labour mobility in India.
Collective bargaining is a tripartite agreement
Disguised unemployment is not a characteristic of'a developing country like India
Corupetiug group is the cause of \Nagc differentia!
The revised wage limit tor the payment otborurs to the workers is Rs.15, 000.
As per the recommendation of the Second National Commission on Labou rhc minimum number or members for the registration of a nadc union is 15
The Trude Unions call participate in the recruitment process of the workers in (111 orgamsauon
xi) The Second National Cornmlssion on Labour has recommended the merger of' gratuity with provident fund.
Oue.z Explain t.hc meaning of labour mobility. What are the causes of labour mobility in !ndia?
xii) Bonus is an ex-gratin payment
Que.3 Explain the process of wage determination in the labour market in the short run.
Que q Do YOli think that the labour market for the qualified persons is in equilibrium in the long run? Explain the process in detail
Que.S Explnin the meaning of collective bargaining. What are the conditions for The successful collective bargaining'!
Que 6 Y':lLi mean by Uncrnployrnent? What arc the causes of unemployment in
Que. 7 What are the provi sious for the payment of bonus to the employees as pCI the Payment of Bonus Act. 1926? Examine the recent amendments to it
Que. 8 Explain the following'
A) Recent amendment to Employees' Pension Scheme.
(3\ Employees' Deposit Linked Insurance Scheme
Que.o What is the role ora trade union ill an organisation? Examine the recommendations by the Second National Labour Commission relating to The Trade Union Act.
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Date: January 17, 200~ Time: 3.00 p.m. -6.00 p.m
Maximum marks 60
Note: i) Question 1 is compulsory
ii) Attempt any four from questions 2-9.
iii) All questions carry equal marks
Explain the following
(I mark each)
i) Definition of Labour Economics
ii) Equilibrium level of wages
iii) Concept of wage
iv) Any three types of labour mobility in India
v) Collective bargaining
vi) Disguised unemployment
vii) Non-competing group as a cause ofwage differential
viii) Concept of bonus
ix) Meaning of trade union
X) Frictional employment
xi) cyclical unemployment
xii) Any two conditions for successful collective bargaining
Que.Z What do you mean by Unemployment? What are the different types of unemployment that are found in a developing country in India'?
Que.J What do you mean by labour mobility? Explain the causes of labour mobility in india
Que.c How are wages determined in the labour market in the short run" Explain tile process in detail
Que 5. What do you mean by wage differentials? Explain various reasons for wage differentials
Que (-) Explain the importance and effects of collective bargaining
Que 7 Explain in detail the significance of trade unions
Que. S What are the provisions tor the payment ofbonus and ::;1'31U1IY In the employees as per [he respective Acts?
Que. 9 Explain the following
A) Employees" Provident Fund Scheme.
13) Eruulovees' Deuosit Linked Insurance Scheme