Question
According to the Minimum Wages Act 1948, Under what
circumstances can the appropriate government refrain from fixing minimum rates of wages for scheduled employment?Solution
Explanation: When the employment has less than one thousand employees statewide . The government can choose not to fix minimum rates of wages for an employment if it has fewer than one thousand employees in the entire state. However, if the number of employees reaches one thousand or more, the government must establish minimum rates of wages for them.
X and Y enter into a partnership with capital in the ratio 3: 5. After 5 months X adds 50% of his capital, while Y withdraws 60% of his capital. What is...
P started a business with an investment of Rs.15000, after 6 months Q joined him with Rs.18000 and after another 6 months R joined them with Rs.20000. I...
Ashish and Sushil together start a business with investment of Rs. 1700 and Rs. ‘x + 1100’, respectively. If the profit earned after 5 years...
A and B started a retail store with initial investments in the ratio 6:7 and their annual profits were in the ratio 3:4. If A invested the money for 7 m...
Karim invested Rs. 20,000 in a business whereas Neel invested 50% more than the amount invested by Karim. If the ratio of time period of investments of ...
‘A’ started a business by investing Rs. 1,200. Eight months later, ‘B’ joined him by making an investment which is equal to 60% of the investmen...
A and B entered into a business investing their capital in the ratio of 18:21, respectively and the respective ratio of time for which they made their i...
Arun and Baldev have monthly savings in the ratio of 8:5, respectively. Baldev's monthly expenditure exceeds Arun's monthly savings by ₹20,200. Additi...
N initiates a business, and after 3 months, D also becomes a part of the business. The initial investment of N and D is in the ratio of 3:2, respectivel...
'A', 'B', and 'C' invested amounts of Rs. 10,000, Rs. 12,000, and Rs. 16,000, respectively, in a business for 10 months, 8 months, and 12 months, respec...
Relevant for Exams:
