New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    Which of the following factors are considered while

    fixing minimum wages under the Act? I. Cost of living index II. Type of employment III. Employer’s financial condition IV. Productivity of the worker
    A I & II only Correct Answer Incorrect Answer
    B II & III only Correct Answer Incorrect Answer
    C I, II & IV only Correct Answer Incorrect Answer
    D All of the above Correct Answer Incorrect Answer

    Solution

    The government considers the cost of living and type of employment while fixing minimum wages. The employer’s financial condition is not a deciding factor.

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