New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Under the Payment of Wages Act, 1936, what is the

    maximum limit of wages that can be paid in cash to an employee?
    A Rs. 5,000 Correct Answer Incorrect Answer
    B Rs. 10,000 Correct Answer Incorrect Answer
    C Rs. 15,000 Correct Answer Incorrect Answer
    D Rs. 20,000 Correct Answer Incorrect Answer

    Solution

    Explanation: The Payment of Wages Act, 1936 specifies that wages exceeding Rs. 10,000 per month must be paid by cheque or through electronic transfer.

    Practice Next

    Relevant for Exams: