2: 22509: Management: Legislative Acts: Explain the main provisions of Minimum Wages Act:

Assessments: Formative

Dr. Shrikant Gorane

Assessment Type: Summative: End of CO: in LMS

Summative: Q 1 Summative: Q 2 Summative: Q 3 Summative: Q 4 Summative: Q 5

The maximum daily Minimum rates of Basic compensations ---------- is the total cash In graduated time rates
hours of work in a day wages may be fixed by given to employees as and non-cash payments system, if basic salary is
with normal wage ----- salaries or wages are that you give to an Rs.2000 and dearness
allowed in factories is called ------- employee in exchange allowance is 150% then
----------- for the work they do for total remuneration will
your business. be Rs. -----
Remember Remember Understanding Understanding Understanding
a) 8 a) Hour a) Basic pay a) Salary a) 3000
b) 9 b) Day b) wages b) Compensation b) 5000
c) 10 c) Month c) salary c) Payment c) 2000
d) 11 d) All of the above d) variable pay d) All of the above d) 2150
Ans: B Ans: D Ans: A Ans: B Ans: B

Summative: Q 6 Summative: Q 7 Summative: Q 8 Summative: Q 9 Summative: Q 10

----- is the maximum -------- deductions is not -------- of the wages ------- means all According to the
wage period for the authorized payment of payable is the remuneration definition of "Week"
payment of wages wages act maximum limit of fine expressed in terms of under the Minimum
to be imposed on an money wage Act, it is a period
employee of 7 days beginning at
midnight on______
Understanding Remember Remember Understanding Understanding
a) 15 days a) Deduction for Fines a) 5% a) Salary a) Sunday
b) 21 days b) Deduction for b) 1% b) wages b) Monday
payment of Income tax
c) 1 day c) Deduction for c) 3% c) Mobadla c) Friday
Payment of insurance
d) 1 month d) Deduction for d) 10% d) All of the above d) Saturday
payment of uniform
and property
Ans: D Ans: D Ans: C Ans: B Ans: B
Summative: Q 11 Summative: Q 12 Summative: Q 13 Summative: Q1 4 Summative: Q 15

Leave with wages is Under Minimum Wages Statutory Minimum Under the Minimum Which of the following
allowed for employees Act an Adult means a wage is fixed under Wages Act, 1948 the is not a method for
if they work for Person who has appropriate fixing Minimum Wages
_____days in a month completed age of -------- government shall fix under the Minimum
years the minimum rates of Wages Act, 1948?
wages payable to the
employees employed in
an employment
specified in
Remember Understanding Remember Understanding Remember

a) 28 a) 18 a) Payment of Wages a) Schedule I part I a) Notification Method

Act, 1936
b) 20 b) 15 b) Equal Remuneration b) Schedule I part II b) Committee Method
Act, 1976
c) 30 c) 16 c) Workmen’s c) Schedule I, Part I, II c) Bargaining Method
Compensation Act, and the employments
1923 and added under
section 27
d) 31 d) 19 d) Minimum Wages Act, d) Schedule I and II d) None of the above
1948
Ans: B Ans: A Ans: D Ans: C Ans: C