Question
Which of the following is/are not included in the
definition of ‘Employee’ as given in Section 2(i) of the Minimum Wages Act, 1948Solution
employee” means any person who is employed for hire or reward to do any work, skilled or unskilled, manual or clerical, in a scheduled employment in respect of which minimum rates of wages have been fixed; and includes an out-worker to whom any articles or materials are given out by another person to be made up, cleaned, washed, altered, ornamented, finished, repaired, adapted or otherwise processed for sale for the purposes of the trade or business of that other person where the process is to be carried out either in the home of the out-worker or in some other premises not being premises under the control and management of that other person; and also includes an employee declared to be an employee by the appropriate Government; but does not include any member of the Armed Forces of the Union
The primary function of Audit is:
(i) to verify the accuracy and completeness of accounts.
(ii) to secure that all revenue and receipts co...
ABC Ltd. reports two inventory items: Item A – Cost ₹10 lakh, NRV ₹12 lakh; Item B – Cost ₹8 lakh, NRV ₹6 lakh. How should inventory be valu...
A cost that remains unchanged in total, regardless of changes in the level of activity, within a relevant range is a:
Donations made to the PM CARES Fund are eligible for deduction under which section of the Income Tax Act?
The coefficient of correlation takes the value in which of the following ranges?
An audit which is authorized, governed and made compulsory under law is known as:
A company manufactures goods with normal loss of 5%. In one batch, due to worker negligence, loss rose to 12%. At what level should inventory be valued?
The point of tangency between efficient frontier and risk-return indifferences curve depicts:
Amazon and Flipkart are examples of:
The primary objective of cash flow statement is to provide information about: