The 'Minimum Wages Act, 1948' provides for: MCQ with Answer and Explanation

Question
The 'Minimum Wages Act, 1948' provides for:
A. Bonus
B. Overtime only
C. Fixation of minimum rates of wages for certain employments
D. Maximum wages
Answer: Option C
Solution (By JKSSB Mock Tests)
The Act aims to prevent exploitation by ensuring minimum wages.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Accountancy and Book Keeping Questions

Question #1
Call money market deals in loans for a maximum period of:
A. 1 day to 14 days
B. 1 year
C. 24 hours only
D. 5 years
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option A

Explanation:
Call money refers to overnight loans, while notice money covers loans from 2 to 14 days, generally used for inter-bank transactions.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #2
Input Tax Credit on motor vehicles is blocked under GST except when used for:
A. Personal use
B. Further supply of vehicles or transportation of goods/passengers
C. All cases
D. Office commuting
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
ITC on motor vehicles is generally blocked, but allowed if used for specified purposes like transport services, further supply, etc.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #3
The 'Corporate Social Responsibility' (CSR) spending is mandatory for companies meeting specified criteria under:
A. GST Act
B. SEBI guidelines
C. Income Tax Act
D. Section 135 of Companies Act, 2013
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option D

Explanation:
Section 135 mandates CSR spending for eligible companies.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Explore All Accountancy and Book Keeping MCQs
Today's Top Topics
Accountancy and Book Keeping 1861 Statistics 1318
Explore Subjects
Accountancy and Statistics 3179 Economy GK 2220 English 15164 Computer 5279 Current Affairs 575
Practice Mix
Which of the following is an indirect tax in India?
The valve between the left atrium and left ventricle is the:
A person faces north. He turns 45° left, then 90° right, then 45° left. Which direction is he facing?
Under the Income Tax Act, the 'TDS' on the sale of an immovable property (other than agricultural land) by a resident is governed by which section, and what is the rate?
In 'Piecemeal Distribution' during dissolution, the first priority for payment of outside liabilities is: