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Industrial Law Quiz

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Questions and Answers

What is the penalty for a person repeating an offense in a factory under the Factories Act?

Fine of at least Rs. 10 thousand

Imprisonment up to 3 years (correct)

Fine of at least Rs. 10000

Imprisonment of 2 months

Under the Factories Act, what is the punishment for providing a false fitness certificate?

Fine of at least Rs. 10000 (correct)

Fine and imprisonment or both

Imprisonment up to 3 years

Imprisonment of 2 months

According to the Payment of Bonus Act, what is included in the definition of 'wages'?

Dearness allowance (correct)

Bonus and commission

House rent allowance

Overtime

According to the Payment of Bonus Act, which of the following is not included in the definition of 'wage'?

<p>Bonus</p> Signup and view all the answers

What does 'wage' include according to the Payment of Bonus Act?

<p>Remunerations expressed in terms of money</p> Signup and view all the answers

Study Notes

Minimum Wages Act

Enacted in Parliament in 1948
Regulates minimum wages for skilled and unskilled labours
Aims to ensure a basic standard of living, including good health, dignity, comfort, education, and provision for contingency
National-level minimum wage is around INR 178 per day and INR 5340 per month

Payment of Bonus Act

Enacted in 1965
Bonus is a reward paid to an employee for good work by the organisation
Objective of bonus is to share profit earned by the organisation amongst employees and staff members

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Description

Test your knowledge of industrial law with this question bank for BA-4105 "Legal Aspects of Business" Part-A Unit 3. This quiz covers topics such as the Minimum Wages Act, skilled and unskilled labor, and living wages. Perfect for students studying industrial law and related subjects.