Question
What is the minimum period of continuous service
required for an employee to become eligible for gratuity under the Payment of Gratuity Act 1972?Solution
Gratuity is a lump sum payment made to employees as a token of appreciation for their services rendered to the organization. The Act applies to every factory, mine, oilfield, plantation, port, railways, company, or shop employing ten or more persons.
- Concept of 'Consumer's Surplus' was evolved by 
- Market with one buyer and one seller is called 
- Under perfect competition, the long-run equilibrium of the firm is established at 
- The reasons for L-shaped long run average cost curve is/are - Pricing decision includes 
- Market demand for any good is a function of the 
- The goods whose demand is not tied with the demand for some other goods are said to have 
- Which one of the following is not the function of a managerial economist? 
- When AR is constant, MR is 
- When price elasticity of demand is unity, the total expenditure: