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Explanation: Bonded labour is prohibited in India by Articles 21 and 23 of the Constitution. In 1976 Bonded Labour System (Abolition) Act was enacted. Under it, identification, release and rehabilitation of freed bonded labour is the direct responsibility of the concerned state/union territory governments. In order to assist the state/UT governments in the rehabilitation of identified and released bonded labourers, Central Plan Scheme was started in 1978. As per the Scheme, the central government bears 100% of expenditure and the states are not required to pay any contribution for the purpose of cash rehabilitation assistance, surveys and awareness campaigns for bonded labour.
Which of the following types of credit facilities is most suitable for an MSME requiring financing to maintain inventory levels, receivables, and workin...
Which of the following financial services are regulated by the IFSCA?
FEMA Notification that deals with Foreign Currency Accounts by a person resident in India is
Which term refers to the specific rate of interest carried by a bond?
Which ethical problem in business involves the misuse of power and influence for personal gain?
Which of the following types of credit risks is most relevant when an MSME has difficulty recovering dues from corporate clients, particularly when the ...
Which of the following model/ method makes use of Beta (β) in the calculation of the cost of equity?
Which of the following statements is correct?
Consider the following statement regarding the Confederation of Real Estate Developers' Associations of India's (CREDAI) partnership with the Alliance f...
When a bank chooses the wrong strategy or follow a long-term business strategy which might lead to its failure, it is called