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Question 1 Sections 42 to 50 of the Act deal with provisions pertaining to welfare of workers. State a few welfare measures that you would suggest in factories. List the welfare measures.
Question 2 The Industrial Dispute Act restricts strikes and lock outs by workman and employer respectively in certain organisation connected with public utility services. What are the provisions available to prohibit strike and Lockout in public utility organisations?
Question 3 Mr. X, an employee of a factory joins after a year of suspension. (Break is condoned and he has been allowed to resume employment) Whether Gratuity is payable in this case.
Question 4 Consider an employee who is employed under a detective agency. Will this employee be entitled to a minimum wage?
Question 5 Can an apprentice be considered as a workman under the Apprentices Act, 1961? Who is an apprentice and explain the need for contract of apprenticeship?
Question 7 Bonus is not a deferred wage. This was observed by the learned court in Mukund Iron & Steel Works Ltd., Vs Workmen (1950). The same was observed in Lever Bros (India) Ltd., Vs Employees (1950). The purpose of payment of bonus is to bridge the gulf between wages paid and wages ideal to current living conditions. Define the terms as used in the Payment of Bonus Act, 1965.
a. Minimum Bonus, b. Maximum Bonus
Which one is true 1.the higher the discount rate the lower the cost of trade credit 2.the higher the discount rate the higher the cost of trade credit 3.cost of trade credit duri
Chi Square Distribution If the difference between actual and the expected frequencies is zero, the sampling distribution of the chi square statistic c 2 will be identical to a
Honey Well company is contemplating to liberalize its collection effort. It''s present sales are 1000000 and it''s average collection period is 30 days, it''s expected variable c
What is the Ratio uses To compare results over a period of time To measure performance against other organisations To compare results with a target To compare against
At entity level - Inherent risk Integrity of management. Management's experience and knowledge Over reliance on key customers. Unusual pressures on management
Comment on the subsequent statement: “Since the U.S. imports more than it exports, it is essential for the U.S. to import capital from foreign countries to finance its current acco
List the benefits of the flexible exchange rate regime. Answer: The benefits of the flexible exchange rate system include: a) Automatic attainment of balance of payments eq
Cash flows from financing activities: Items included in this heading are: Cash receipts Cash payments Cash receipts from iss
Example: - MM Foam Company at present has 5000 outstanding shares selling at Rs. 100 each. The firm suppose to have a net earning of Rs. 50000 as well as contemplating a dividend
Objectives and Functions of ASIC The objective of ASIC is to ensure the confident and informed participation of consumers in the financial system. To attain this objective, it
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