Question
Which of the following is/are true about Joint
Management Council? I. It was established in 1958 II. It is applicable where there are equal or more than 100 workers III. Total members should not exceed 12. IV. It is constituted at the plant level V. Chief executive should be the chairpersonSolution
Explanation: Joint Management Councils are constituted at the plant level . These councils were set up as early as 1958 and consist of an equal number of representatives of the employers and employees, not exceeding 12 at the plant level. The plant should employ at least 500 workers.
Arjun Singh invested Rs. 12,000 to start a business. After 'M' months, Bhagat Singh joined him with an investment of Rs. 20,000. At the end of one year,...
A invests Rs. 20,000 for 6 months, B invests Rs. 15,000 for 8 months, C invests Rs. 25,000 for 4 months. Total profit = Rs. 17,000. Find B’s share.
A started a retail business by investing Rs.40,000. After eight months B joined him with a capital of Rs.80,000. After 2 years, they earned a profit of...
Three friends, 'X', 'Y', and 'Z', invest money in the ratio 3:2:5 for 4 months, 6 months, and 8 months respectively. If they earn a total profit of Rs. ...
A, B and C enter into a partnership, A invest X + 9000, B invest X + 6000 and C invest X + 7500 for one year if B share is 30000 from total profit of 90...
‘A’, ‘B’ and ‘C’ entered into a partnership by making investments in the ratio 5:3:9, respectively. At end of the year, if the difference be...
M and N invested Rs. 3200 and Rs. 4800 respectively. After 15 months, M raised his investment by 25% and N decreased his by Rs. 800. If total profit aft...
A and B started a business. After 2 years they got Rs.1425 as profit. Find the ratio of the investments of A and B, if A’s share is Rs.525.
A bag contains 35 white and some black balls. If the probability of drawing a black ball from the bag is 1.8 times that of drawing a white ball, find th...
Aman, Bhanu, and Chikku jointly initiated a business with a total investment of Rs. 80,000, of which Aman invested Rs. 24,000. After 6 months, Aman adde...