Variable Dearness Allowance Revision Notification Quiz
11 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the purpose of rounding off the VDA to the next higher rupee?

  • To simplify calculations
  • To comply with government regulations
  • To reduce the burden on employers
  • To ensure workers receive fair wages (correct)
  • How are workers classified under different categories?

  • By their skills and job roles (correct)
  • Based on their experience
  • By their educational qualifications
  • According to their salaries
  • In which part of the notification are the classifications of cities as A, B, and C provided?

  • Part III
  • The Annexure
  • Part I
  • Part II (correct)
  • What is the role of the Chief Labour Commissioner mentioned in the text?

    <p>Enforcing labor regulations</p> Signup and view all the answers

    Why are areas classified as A, B, and C in the text?

    <p>To establish minimum wage rates</p> Signup and view all the answers

    What is the reason for the revision of Variable Dearness Allowance rates?

    <p>To follow the average Consumer Price Index for Industrial workers</p> Signup and view all the answers

    What was the increase in the average Consumer Price Index for Industrial workers from 30.06.2022 to 01.10.2022?

    <p>8.11 points</p> Signup and view all the answers

    What is the significance of reaching an average Consumer Price Index of 365.76?

    <p>It triggers a revision in Variable Dearness Allowance rates</p> Signup and view all the answers

    Which category of workers will receive the highest Variable Dearness Allowance according to the provided text?

    <p>Highly skilled workers</p> Signup and view all the answers

    What will be the total rates of wages including Variable Dearness Allowance per day for workers in Area A after the revision on 01.10.2022?

    <p>$788</p> Signup and view all the answers

    Based on the text, which workers are employed in CONSTRUCTION OR MAINTENANCE OF ROADS OR RUNWAYS, and BUILDING OPERATIONS?

    <p>All categories of workers</p> Signup and view all the answers

    More Like This

    Series 7 - Chapter 12 - Variable Annuities
    20 questions
    Variable Annuities Chapter 5 Quiz
    13 questions
    Variable Identification in Psychology
    26 questions
    Use Quizgecko on...
    Browser
    Browser