LIST OF ATTEMPTED QUESTIONS AND ANSWERS
True/False
Question
Correct Answer
The management must concentrate on creating proper industrial
relations climate before introducing incentive schemes.
True
Multiple Choice Single Answer
Question
Time booking on job helps for :Correct Answer
Estimating labour cost.
Select The Blank
Question
________ is the unique code allotted to each & every employee
in the organization.
Correct Answer Employee No.
Multiple Choice Multiple Answer
Question
Monetary incentive plans result in :Correct Answer
Greater output per man-hour , Lower unit cost , Higher wages
Multiple Choice Single Answer
Question
First to lay down the guidelines for fixation of Minimum Wages
was :Correct Answer Indian Labour Conference
Multiple Choice Single Answer
Question
At germination stage, to attract and retain talent, dotcom
companies offer :
Correct Answer Stock option
Select The Blank
Question
Payment is done on the basis of units of output, incase of
________ workers.
Correct Answer Piece
Multiple Choice Single Answer
Question
In Payroll process, Cost of Living Index provides the basis for
calculating :Correct Answer D.A.
Multiple Choice Multiple Answer
Question
Following are causes of idle time of labour pertaining to
production,
Correct Answer Failure of electricity. , Seasonal nature of demand. , Breakdown
of machinery
True/False
Question
Correct Answer
Usually multinational companies ay higher than small scale
industry.
True
Multiple Choice Single Answer
Question
When a dotcom company starts earning profits, promoters are
focused on the launch of:Correct Answer IPO
Match The Following
Question
Correct Answer
Cost accounting Dept.
Accumulation &
classification all cost data
Personnel Dept.
Selection & training of
employees.
Payroll Dept.
Maintain record of wage
rate of each employee.
Engineering Dept.
Preparation of time &
motion studies
Multiple Choice Multiple Answer
Question
Salient features of profit-sharing are :Correct Answer
Agreement is voluntary , Payment may be in cash / stock of
future credits , Computation on the basis of some agreed
formula
Multiple Choice Multiple Answer
Question
Any imbalance in input-output relation in any incentive payment
scheme can result in :Correct Answer Tension , Lower productivity , More absenteeism
Multiple Choice Single Answer
Question
A worker produces 50 units a week of 06 days and piece rate is
Rs.2/- per piece. Then his earning will be :Correct Answer Rs.100/Select The Blank
Question
Correct Answer
True/False
Question
Correct Answer
________ are also aid to executives a certain percentage of the
profits.
Bonuses
Education expenses on employee's family members paid or
reimbursed by the employer are not taxable.
False
Multiple Choice Single Answer
Question
In post IPO stage, dotcom company gives its employees :Correct Answer
Balanced total reward package
Select The Blank
Question
Payment to out workers is done on ________ basis.
Correct Answer
Monthly
Multiple Choice Multiple Answer
Question
Following are causes of idle time of labour pertaining to
administration :Correct Answer Poor management , Management policy
Multiple Choice Single Answer
Question
In recent times, in addition to stock options, employees of
dotcom companies are demanding :Correct Answer Cash bonus
Match The Following
Question
Correct Answer
Elements of good Wage
Plan
Two
Remuneration
Employees
Wage Differentials
Three categories
Mathematical tables
Calculations
Select The Blank
Question
The scanlon plan of profit sharing gives utmost importance to
________.
Correct Answer
Employee participation
Multiple Choice Multiple Answer
Question
Apart from salaries, IT employees are giving importance to :Correct Answer
Company image , Job content , Job security
Multiple Choice Multiple Answer
Question
Article 43 reads: State shall endeavour to secure by suitable
legislation to all :Correct Answer Agricultural workers , Industrial , Working in a living wage
True/False
Question
Correct Answer
The cost of time lost in setting a machine is treated as indirect
cost.
False
Multiple Choice Multiple Answer
Question
The contemporary practice for enhancing organizational growth
involves focuses on internal and external factors such as :Correct Answer Customer needs , Market trends , Costs
Select The Blank
Question
Wage differentials have a great ________ and social
significance.
Correct Answer Economic
Select The Blank
Question
________ is a source document for preparation of wage sheet.
Correct Answer
Attendance Register
Multiple Choice Single Answer
Question
In addition to the result of job analysis and wage survey several
other variables have to be given due consideration in
establishing :Correct Answer Wage structure
Select The Blank
Question
Wage differentials have been classified into ________
categories.
Correct Answer 3
Multiple Choice Single Answer
Question
Individuals from various level of the organisation have different :-
Correct Answer
Life Style
Select The Blank
Question
________ are assured of a stable amount of money.
Correct Answer
Employees
Select The Blank
Question
________ provides benefits at the time of retirement/ death /
following disability of worker.
Correct Answer Deferred plan
Multiple Choice Single Answer
Question
Demand for a particular skill is high and supply is low,
compensation given is:Correct Answer High
Select The Blank
Question
Employee's State Insurance Act, ________ is a pioneering
measure in the field of social insurance of our country.
Correct Answer 1948
Multiple Choice Multiple Answer
Question
Bonus, as the incentive to managers is determined :Correct Answer
By formula , By discretion used in allocation of bonus
Multiple Choice Single Answer
Question
In developmental phase, the dotcom companies concentrate on
:Correct Answer Building brand
Multiple Choice Multiple Answer
Question
Following are the forms of the cost of replacement :Correct Answer
True/False
Question
Correct Answer
Cost of advertisement for recruitment , Cost of conducting
interviews , Cost of interruption in production
Any other amenity or service excluded from the computation of
wages by a general or special order of appropriate Govt.
False
Multiple Choice Single Answer
Question
Minimum wages are not to be fixed in an industry which employs
less then how many employees in the entire state?
Correct Answer 1000
Multiple Choice Single Answer
Question
Remuneration paid for the service of the labour in production is
:Correct Answer Wage
Multiple Choice Multiple Answer
Question
Profit sharing plans can be on :Correct Answer
Industry basis , Locality basis , Unit basis
Multiple Choice Multiple Answer
Question
Provident Funds can be of the following types :Correct Answer
Statutory Provident Fund , Recognised Provident Fund , Public
Provident Fund
Multiple Choice Single Answer
Question
Following is not a function of personnel department :Correct Answer
Time keeping.
Multiple Choice Single Answer
Question
Dotcom companies were founded to go beyond :Correct Answer
True/False
Question
Correct Answer
Physical business
If an employee pays fees for attending some management
course, the fees can be allowed for deduction from salary
income.
False