Question
Which of the following is responsible for facilitating
dialogue between employers and employees at the workplace under the Industrial Disputes Act, 1947?Solution
Sol. The Works Committee serves as a platform for dialogue between employers and employees at the workplace. It is created under the Industrial Disputes Act, 1947, to promote cooperation and address issues collaboratively, fostering better relations and minimizing industrial disputes.
Knife-edge equilibrium means:
Within a country, the domestic price of a product will equal the world price if
If two dice are thrown together, what is the probability of getting an even number on one dice and an odd number on the other dice?
An employee has a basic pay of Rs. 12000 and a D.A. of 12% in 1997. If the employee should get a 5% rise in real income each year, what should be the DA...
The data about sales and advertisement expenditure of a firm is given below
 Any straight-line supply curve that intersects the vertical axis above the origin has an elasticity of supply
If coefficient of correlation rxy= 1, then
When oligopolistic firms co-operate and work as cartel, then output produced is ______ than perfect competition and ______ to Monopoly
Concepts of displacement and concentration effect in public expenditure are attributed to
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A.C. Pigou an...
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With fixed costs of $400, a firm has average total costs of $3 and average variable costs of $2.50. Its output is:
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