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Unit 1 Exam Answer Key
Unit 1 Exam Answer Key
C: What are the three ways that “Employees” himself/herself influence compensation? (3 M)
E. “WAGE” means any economic compensation paid to the employer under some contract to his works for
the services rendered by them.” (1M)
F. under wage categorization “NOMINAL” wages: It consists of wages paid in cash only. It “does not”
include other benefits like medical allowance, residence, transport etc. (1M)
G. under wage categorization “REAL” wages: It consists of wages paid in cash along with other benefits
like medical allowance, residence, transport, children education etc. (1M)
H. “15th session of the Indian Labour Conference” (in 1957) propounded certain wage concepts such as
need-based minimum wage. (1M)
I. “the committee on Fair Wages “(in 1948) propounded certain wage concepts such as minimum wage,
fair wage, living wage (1M)
J. “FAIR” wage determined by considering the level of the national income and its distribution (1M)
K. According to Dr. Wallace Rudell Aykroyd, minimum food in calories should an adult intake 2700(1M)
L. What are the four institutions through which Wages and salary fixed in India?(4M)
1. Collective bargaining 2. Industrial wage boards
3. Government appointed pay commission 4. Adjudication by courts and tribunals
MBA V SEMSTER HR SPECIALIZATION
SCHOOL OFMANAGMENT STUDIES-MRPG COLLEGE
M. Name the statutory act, which is most useful instrument for wage determination for unorganized sector
N. Wage boards in India are also called as Wage Commissions, Trade Boards (2M)
O. Explain the following with examples (3M)
Direct Compensation Indirect Compensation
Encompasses employee wages and salaries, Comprises the many benefits supplied by
incentives, bonuses, and commissions. employers, and nonfinancial compensation
includes employee recognition programs,
rewarding jobs, and flexible work hours to
accommodate personal need
P. Frame work for wage calculation (2M)
Organized Sector Unorganized Sector
The `day', `week' and `month' are the
basic units for wages calculation -
used in combination.
Normal working week is five days
(for government) five half days/ six `Day' is the common unit of calculation. In certain
days. cases piece rate wages is in vogue, as well as hourly
`Hour' is generally not a unit for wage wages.
calculation. (In newer sectors like IT,
ITES hour is becoming a standard).
Wage payment is made monthly.
T. V V Giri National Labour Institute (VVGNLI) has proposed doubling the national-level minimum wage
for a worker in the country to Rs 9,750 a month (1M)
U. National Minimum Wage for India should be set at Rs 375 per day (1M)
X. VVGNLI Committee’s proposed formula, a family with a consumption unit of 3.6 requires 2,400 calories
of food, along with a minimum of 50 gm of protein and 30 gm of fat every day, according to the National
Sample Survey Office's. (4 Marks)
AB. Two workers performing the similar job in same or different industry get different wages. It is due to
the difference in their qualification, skill, responsibility and experience. This is known as “WAGE
DIFFERENTIALS (2M)
AD. List out any two Agreements at plant level for Collective Bargaining (2M)
Bata Shoes agreement 1955,58; Tata Iron & Steel 1962 ; Modi Weaving Mills 1956
AE. The Ministry of Labour & Employment; Shri Santosh Gangwar (2M)
AF. Identify this personality for his contribution in Nutrition Dr. Wallace Rudell Aykroyd (2M)
AG. Identify the personality who coined the term Collective Bargaining SYDNEY BEATRICE (2M)
Date: 29/7/2019