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SCDL_PGDBA_HR_SEM4_COMP_MGMT_1_PRAGYA
Multiple Choice Multiple AnswerQuestion Extent of employees turnover depends upon :-
Correct Answer Physical conditions within organisation , Type of industry , Male to female ratio
Your Answer Type of industry , Physical conditions within organisation , Educational levels of
employees
True/ FalseQuestion Performance standards & norms for incentive payments should be set up high for
better results.
Correct Answer False
Your Answer True
Multiple Choice Multiple AnswerQuestion E.S.I. Act aims at providing for certain cash benefits to employees in case of :-
Correct Answer Sickness , Maternity , Medical
Your Answer Sickness , Maternity , Medical , Child Education
True/ FalseQuestion Employer's contribution to Superannuation Fund is taxable.
Correct Answer False
Your Answer True
Multiple Choice Multiple AnswerQuestion Forces that favour regional differences are :-
Correct Answer Low mobility , Lower skilled job , Sources of income
Your Answer Low mobility , Lower skilled job , Sources of income , Compensation structure
True/ FalseQuestion The goals and ideals of a traditional Indian family were spiritual and religious.
Correct Answer True
Your Answer True
Multiple Choice Single AnswerQuestion In graduated time rates system, if basic salary is Rs.2000 and dearness allowance is
150% then total remuneration will be :-
Correct Answer Rs.5000/-
Your Answer Rs.3000/-
Match The Follow ing
Question Correct Answer Your Answer
Top managers Non-financial benefits Compensatory day-off
Workers Piece-rate Piece-rate
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Salesmen Commission Bonus
Managers Bonus Overtime
Select The BlankQuestion The scanlon plan of profit sharing gives utmost importance to ________.
Correct Answer Employee participation
Your Answer Employee participation
True/ FalseQuestion If workers do not understand relationship between performance and rewards,
incentive plans cannot motivate workers.
Correct Answer True
Your Answer True
Multiple Choice Single AnswerQuestion Financial &/ or quantitative statement prepared & approved prior to period of time is
called :-
Correct Answer Budget
Your Answer Budget
Multiple Choice Multiple AnswerQuestion Group incentive plans may not become successful due to :-
Correct Answer Unevenness of performance of different members of groups , Ill-feeling among group
members , No recognition for individual performanceYour Answer Unevenness of performance of different members of groups , Ill-feeling among group
members , No recognition for individual performance
True/ FalseQuestion Bonus is component of deductions.
Correct Answer False
Your Answer False
Select The Blank
Question The ________ criterion is usually regarded as an automatic minimum equity paycriterion.
Correct Answer Cost of living pay
Your Answer Prevailing market rate
Multiple Choice Single AnswerQuestion Wages of security men in a production unit comes under :-
Correct Answer Indirect labour
Your Answer Direct labour
Multiple Choice Multiple Answer
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Question Major features of production are :-
Correct Answer Labour , Land , Capital
Your Answer Labour , Land , Capital , Machines
True/ FalseQuestion The Scanlon plan of profit sharing is more effective where no of participants is more
than 1000.
Correct Answer False
Your Answer False
Multiple Choice Multiple AnswerQuestion Incentive plans fail due to :-
Correct Answer Lack of required tools / training , Unfair standards , Fear of rate cut
Your Answer Unfair standards , Fear of rate cut , Lack of support of top management
Multiple Choice Multiple AnswerQuestion Objectives laid dow n by I.L.O. are :-
Correct Answer Abolish malpractices , Abuse in wage payment , Promo te Trade Union
Your Answer Abolish malpractices , Abuse in wage payment , Increase economic welfare
Select The BlankQuestion Persons interested in enhancing their reputations and receiving recognition may
respond to ________.
Correct Answer Verbal praise
Your Answer Verbal praise
Multiple Choice Multiple AnswerQuestion Profit sharing, as an incentive plan, realizes these advantages :-
Correct Answer Higher profits , Increased efficiency , Climate for better employee relations
Your Answer Higher profits , Increased efficiency , Climate for better employee relations
Multiple Choice Single AnswerQuestion Characteristic of a good compensation system is :-
Correct Answer Higher the efficiency of wo rker, higher is compensation.
Your Answer Higher the efficiency of wo rker, higher is compensation.
Multiple Choice Single AnswerQuestion The institutions of marriage and family are also to be found in every :-
Correct Answer Society
Your Answer Society
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Multiple Choice Single AnswerQuestion Hospitality industries includes :-
Correct Answer Hotels
Your Answer Hotels
Multiple Choice Multiple AnswerQuestion To make Scanlon plan successful, there should be :-
Correct Answer Stable product lines and costs , Strong commitment to plan , Healthy labour relations
Your Answer Stable product lines and costs , Strong commitment to plan , Healthy labour relations ,Large no of participants
Select The BlankQuestion For higher management, ________ are influenced by the size of a company, specific
industry and the process of decision making.
Correct Answer Salaries
Your Answer Incentives
True/ FalseQuestion Indirect labour cost forms a part of overheads.
Correct Answer True
Your Answer True
True/ FalseQuestion Salary is still the only or chief motivator for IT employees.
Correct Answer False
Your Answer True
Multiple Choice Single AnswerQuestion Perquisites taxable in all cases include :-
Correct Answer Value of rent free accommodation provided by employer to his employee
Your Answer Medical reimbursement
Multiple Choice Multiple AnswerQuestion A good incentive scheme should have :-
Correct Answer Elasticity , Parity , Less operational costs
Your Answer Elasticity , Parity , Less operational costs , High performance standards
Select The BlankQuestion In Taylor differential piece rate system, high piece rate is applicable if ________.
Correct Answer Output is above standard
Your Answer Output is above standard
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Select The BlankQuestion Leave pay of current year is treated as ________.
Correct Answer Direct Expenses
Your Answer Direct cost
Select The BlankQuestion Cost of time spent on conducting interviews & selecting a candidate for ________ is
called Replacement cost.
Correct Answer Replacement
Your Answer Replacement
Multiple Choice Single AnswerQuestion One worker is working under piece rate & time rate combination system of
compensation. He has worked in a w eek of 06 days consisting of 48 hours. His hourlyrate is Rs.2/- per pi ece. His output for the week is 40 units. What w ill be his earning ?
Correct Answer Rs.96/ -
Your Answer Rs.96/ -
Multiple Choice Multiple AnswerQuestion Wage differentials are of follow ing factors :-
Correct Answer Difference in labour efficiency , Social esteem , Occupation
Your Answer Difference in labour efficiency , Occupation
Multiple Choice Single AnswerQuestion Monetary incentives imply :-
Correct Answer External motivation
Your Answer Internal motivation
Multiple Choice Multiple AnswerQuestion Documents useful for the purpose of wage analysis are :-
Correct Answer Wage sheets , Payroll , Accounting registers
Your Answer Wage sheets , Payroll , Accounting registers , Historical records of employees
Multiple Choice Single AnswerQuestion Variance analysis is done in case of :-
Correct Answer Standard costing
Your Answer Budgetary costing
Multiple Choice Single AnswerQuestion If classification system is used, the jobs are already categorized into grade or :-
Correct Answer Class
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Your Answer Departments
Select The BlankQuestion Inter-firm differentials reflect ________ wage levels of wo rkers.
Correct Answer Relative
Your Answer Relative
Multiple Choice Single AnswerQuestion Wage Policy is of great concern to :-
Correct Answer Labour Management & Govt.
Your Answer Labour Management & Govt.
Select The BlankQuestion ________ of payment recognizes that individuals are concerned about the money paid
to them and also the relationship of this amount to w hat others are paid.
Correct Answer Equity approach
Your Answer Employee-centered approach
Match The Follow ing
Question Correct Answer Your Answer
Institutions of marriages & family Society Metros
Past Marriages Permanent Society
True/ FalseQuestion Incentive payments should be made at the end of fiscal year.
Correct Answer False
Your Answer False
True/ FalseQuestion Most companies as against earlier visible cost don't use the "Total Cost To The
Company".
Correct Answer False
Your Answer False
Select The BlankQuestion During the research it was found that in certain cities prevailing wage rate are
________where as organizational ability to pay is more.
Correct Answer Very low
Your Answer Very low
Select The BlankQuestion In the history of Indian IT industry, the year 2001-2002 will be remembered as
________.
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Correct Answer Year of lay-offs
Your Answer Year of lay-offs
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Multiple Choice Multiple AnswerQuestion Extent of employees turnover depends upon :-
Correct Answer Physical conditions within organisation , Type of industry , Male tofemale ratio
Your Answer Type of industry , Physical conditions within organisation ,Educational levels of employees
True/FalseQuestion Performance standards & norms for incentive payments should be
set up high for better results.Correct Answer False
Your Answer True
Multiple Choice Multiple AnswerQuestion E.S.I. Act aims at providing for certain cash benefits to employees in
case of :-Correct Answer Sickness , Maternity , Medical
Your Answer Sickness , Maternity , Medical , Child Education
True/FalseQuestion Employer's contribution to Superannuation Fund is taxable.
Correct Answer False
Your Answer True
Multiple Choice Multiple AnswerQuestion Forces that favour regional differences are :-
Correct Answer Low mobility , Lower skilled job , Sources of income
Your Answer Low mobility , Lower skilled job , Sources of income , Compensationstructure
True/FalseQuestion The goals and ideals of a traditional Indian family were spiritual and
religious.Correct Answer True
Your Answer True
Multiple Choice Single AnswerQuestion In graduated time rates system, if basic salary is Rs.2000 and
dearness allowance is 150% then total remuneration will be :-Correct Answer Rs.5000/-
Your Answer Rs.3000/-
Match The Following
Question Correct Answer Your Answer
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Top managers Non-financial benefits Compensatory day-off
Workers Piece-rate Piece-rate
Salesmen Commission Bonus
Managers Bonus Overtime
Select The BlankQuestion The scanlon plan of profit sharing gives utmost importance to
________.Correct Answer Employee participation
Your Answer Employee participation
True/False
Question If workers do not understand relationship between performance andrewards, incentive plans cannot motivate workers.
Correct Answer True
Your Answer True
Multiple Choice Single AnswerQuestion Financial &/or quantitative statement prepared & approved prior to
period of time is called :-Correct Answer Budget
Your Answer Budget
Multiple Choice Multiple AnswerQuestion Group incentive plans may not become successful due to :-
Correct Answer Unevenness of performance of different members of groups , Ill-feeling among group members , No recognition for individualperformance
Your Answer Unevenness of performance of different members of groups , Ill-feeling among group members , No recognition for individualperformance
True/FalseQuestion Bonus is component of deductions.
Correct Answer False
Your Answer False
Select The BlankQuestion The ________ criterion is usually regarded as an automatic minimum
equity pay criterion.Correct Answer Cost of living pay
Your Answer Prevailing market rate
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Multiple Choice Single AnswerQuestion Wages of security men in a production unit comes under :-
Correct Answer Indirect labour
Your Answer Direct labour
Multiple Choice Multiple AnswerQuestion Major features of production are :-
Correct Answer Labour , Land , Capital
Your Answer Labour , Land , Capital , Machines
True/FalseQuestion The Scanlon plan of profit sharing is more effective where no of
participants is more than 1000.Correct Answer False
Your Answer False
Multiple Choice Multiple AnswerQuestion Incentive plans fail due to :-
Correct Answer Lack of required tools / training , Unfair standards , Fear of rate cut
Your Answer Unfair standards , Fear of rate cut , Lack of support of topmanagement
Multiple Choice Multiple AnswerQuestion Objectives laid down by I.L.O. are :-
Correct Answer Abolish malpractices , Abuse in wage payment , Promote TradeUnion
Your Answer Abolish malpractices , Abuse in wage payment , Increase economicwelfare
Select The BlankQuestion Persons interested in enhancing their reputations and receiving
recognition may respond to ________.Correct Answer Verbal praise
Your Answer Verbal praise
Multiple Choice Multiple AnswerQuestion Profit sharing, as an incentive plan, realizes these advantages :-
Correct Answer Higher profits , Increased efficiency , Climate for better employeerelations
Your Answer Higher profits , Increased efficiency , Climate for better employeerelations
Multiple Choice Single AnswerQuestion Characteristic of a good compensation system is :-
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Correct Answer Higher the efficiency of worker, higher is compensation.
Your Answer Higher the efficiency of worker, higher is compensation.
Multiple Choice Single AnswerQuestion The institutions of marriage and family are also to be found in every :-
Correct Answer Society
Your Answer Society
Multiple Choice Single AnswerQuestion Hospitality industries includes :-
Correct Answer Hotels
Your Answer Hotels
Multiple Choice Multiple AnswerQuestion To make Scanlon plan successful, there should be :-
Correct Answer Stable product lines and costs , Strong commitment to plan , Healthylabour relations
Your Answer Stable product lines and costs , Strong commitment to plan , Healthylabour relations , Large no of participants
Select The BlankQuestion For higher management, ________ are influenced by the size of a
company, specific industry and the process of decision making.
Correct Answer Salaries
Your Answer Incentives
True/FalseQuestion Indirect labour cost forms a part of overheads.
Correct Answer True
Your Answer True
True/FalseQuestion Salary is still the only or chief motivator for IT employees.
Correct Answer False
Your Answer True
Multiple Choice Single AnswerQuestion Perquisites taxable in all cases include :-
Correct Answer Value of rent free accommodation provided by employer to hisemployee
Your Answer Medical reimbursement
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Multiple Choice Multiple AnswerQuestion A good incentive scheme should have :-
Correct Answer Elasticity , Parity , Less operational costs
Your Answer Elasticity , Parity , Less operational costs , High performance
standards
Select The BlankQuestion In Taylor differential piece rate system, high piece rate is applicable if
________.Correct Answer Output is above standard
Your Answer Output is above standard
Select The BlankQuestion Leave pay of current year is treated as ________.
Correct Answer Direct Expenses
Your Answer Direct cost
Select The BlankQuestion Cost of time spent on conducting interviews & selecting a candidate
for ________ is called Replacement cost.Correct Answer Replacement
Your Answer Replacement
Multiple Choice Single AnswerQuestion One worker is working under piece rate & time rate combination
system of compensation. He has worked in a week of 06 daysconsisting of 48 hours. His hourly rate is Rs.2/- per piece. His outputfor the week is 40 units. What will be his earning ?
Correct Answer Rs.96/-
Your Answer Rs.96/-
Multiple Choice Multiple AnswerQuestion Wage differentials are of following factors :-
Correct Answer Difference in labour efficiency , Social esteem , Occupation
Your Answer Difference in labour efficiency , Occupation
Multiple Choice Single AnswerQuestion Monetary incentives imply :-
Correct Answer External motivation
Your Answer Internal motivation
Multiple Choice Multiple Answer
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Question Documents useful for the purpose of wage analysis are :-
Correct Answer Wage sheets , Payroll , Accounting registers
Your Answer Wage sheets , Payroll , Accounting registers , Historical records ofemployees
Multiple Choice Single AnswerQuestion Variance analysis is done in case of :-
Correct Answer Standard costing
Your Answer Budgetary costing
Multiple Choice Single AnswerQuestion If classification system is used, the jobs are already categorized into
grade or :-Correct Answer Class
Your Answer Departments
Select The BlankQuestion Inter-firm differentials reflect ________ wage levels of workers.
Correct Answer Relative
Your Answer Relative
Multiple Choice Single Answer
Question Wage Policy is of great concern to :-
Correct Answer Labour Management & Govt.
Your Answer Labour Management & Govt.
Select The BlankQuestion ________ of payment recognizes that individuals are concerned
about the money paid to them and also the relationship of thisamount to what others are paid.
Correct Answer Equity approach
Your Answer Employee-centered approach
Match The Following
Question Correct Answer Your Answer
Institutions of marriages &family
Society Metros
Past Marriages Permanent Society
True/False
Question Incentive payments should be made at the end of fiscal year.
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Correct Answer False
Your Answer False
True/FalseQuestion Most companies as against earlier visible cost don't use the "Total
Cost To The Company".Correct Answer False
Your Answer False
Select The BlankQuestion During the research it was found that in certain cities prevailing wage
rate are ________where as organizational ability to pay is more.Correct Answer Very low
Your Answer Very low
Select The BlankQuestion In the history of Indian IT industry, the year 2001-2002 will be
remembered as ________.Correct Answer Year of lay-offs
Your Answer Year of lay-offs
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Multiple Choice Multiple AnswerQuestion Profit sharing, as an incentive plan, realizes
these advantages :-Correct Answer Higher profits , Increased efficiency ,
Climate for better employee relationsYour Answer Increased efficiency , Climate for better
employee relations , Curbed union activities
Select The BlankQuestion Inter-firm differentials reflect ________ wage
levels of workers.Correct Answer RelativeYour Answer Relative
Multiple Choice Multiple AnswerQuestion In effective incentive plan, standards on which
plan is based should be :-Correct Answer Fair , Reasonable , Specific
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Your Answer Fair , Reasonable , Specific
Match The FollowingQuestion Correct Answer Your Answer
Cost accounting Dept. Accumulation & classification all costdata Accumulation & classification all cost data
Personnel Dept. Selection & training of employees. Selection& training of employees.
Payroll Dept. Maintain record of wage rate of eachemployee. Maintain record of wage rate of each employee.
Engineering Dept. Preparation of time & motion studiesPreparation of drawings
Multiple Choice Single AnswerQuestion Gate time keeping helps for :-Correct Answer Payroll preparations.
Your Answer Payroll preparations.
True/FalseQuestion Incentive schemes should be installed right from
beginning of production.Correct Answer FalseYour Answer False
True/FalseQuestion In industrialization there is not always massproduction.Correct Answer FalseYour Answer True
Multiple Choice Multiple AnswerQuestion Incentive plans fail due to :-Correct Answer Unfair standards , Fear of rate cut , Lack
of required tools / training
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Your Answer Unfair standards , Fear of rate cut , Lack ofsupport of top management
Select The Blank
Question Cost of time spent on conducting interviews &selecting a candidate for ________ is called Replacementcost.Correct Answer ReplacementYour Answer Replacement
Select The BlankQuestion ________ of payment recognizes that
individuals are concerned about the money paid to them andalso the relationship of this amount to what others are paid.Correct Answer Equity approachYour Answer Market approach
Select The BlankQuestion Cost of employee welfare activities comes under
________ cost.Correct Answer Preventive
Your Answer Indirect Labour
Multiple Choice Multiple AnswerQuestion Components of deductions in salary are :-Correct Answer E.S.I. , Housing loan installment.Your Answer E.S.I. , Housing loan installment.
Multiple Choice Single Answer
Question As industrialization taking place, the familyvalues have :-Correct Answer ChangedYour Answer Gone high
True/FalseQuestion Compensation policy does not need criteria for
promotions.Correct Answer FalseYour Answer False
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Multiple Choice Multiple AnswerQuestion Differential piece rate system is suitable where :-Correct Answer Fixed costs are higher in proportion to
veriable cost , It is possible to count production accurately ,There are standardised methods of productionYour Answer There are standardised methods of
production , Standard time can not be accurately measured ,Fixed costs are higher in proportion to veriable cost , It ispossible to count production accurately
Multiple Choice Single AnswerQuestion Control of labour cost is essential in every
organisation to :-Correct Answer Determine indirect labour cost.Your Answer Control direct expenses.
Multiple Choice Multiple AnswerQuestion In India, Group incentive plans face problems
like :-Correct Answer Numerous slabs in rate structure , High
norms of standard work , Illiterate workforceYour Answer High norms of standard work , Illiterate
workforce , Numerous slabs in rate structure
True/FalseQuestion If the employee receives conveyance allowance,
or, he is provided with a vehicle by employer, he is noteligible to get 'Standard deduction' from his salary.
Correct Answer FalseYour Answer False
Multiple Choice Single AnswerQuestion Carpenters engaged in cutting of wood in a
furniture making shop is an example of :-Correct Answer Direct labourYour Answer Direct labour
Multiple Choice Multiple Answer
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Question Employees cost to the company includes :-Correct Answer Basic wages , IncentivesYour Answer Cost of personnel administration , Basic
wages , Dearness allowance , Incentives
Select The BlankQuestion Process of readjustment inevitable calls for
changes in the ________ system and its practice.Correct Answer Human ResourceYour Answer Human Resource
Match The FollowingQuestion Correct Answer Your Answer
Idle time due to tea breaks Direct costs Indirect costs.
Basic Salary Gross Earning Net Earning
Professional Tax Deductions Deductions
Overtime due to general pressure of work Indirect costs.
Direct costs
True/FalseQuestion Indirect labour cost forms a part of overheads.Correct Answer TrueYour Answer True
Multiple Choice Multiple AnswerQuestion Documents useful for the purpose of wageanalysis are :-Correct Answer Wage sheets , Payroll , Accounting
registersYour Answer Wage sheets , Payroll , Accounting registers
, Historical records of employees
Multiple Choice Multiple AnswerQuestion Level II in junior managers comprises of :-
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Correct Answer Engineers , Officers , Senior EngineersYour Answer Engineers , Officers , Senior Engineers
Select The Blank
Question Gross Earnings - Deductions equals ________.Correct Answer Net EarningsYour Answer Net Earnings
Multiple Choice Single AnswerQuestion When the cost of living increases, workmen and
trade unions demanded to :-Correct Answer Increase the wageYour Answer Increase the wage
Multiple Choice Single AnswerQuestion It was commonly believed by Hindus that
marriage was :-Correct Answer NecessaryYour Answer Necessary
Multiple Choice Single Answer
Question If the employment is merely incidental to theexercise of a profession, the gains from such employmentwould be :-Correct Answer Professional earningsYour Answer Salary
Select The BlankQuestion Factors not related to money can also serve as
________.Correct Answer Attention seekersYour Answer Thought stimulators
Select The BlankQuestion Wage differentials have been classified into
________ categories.Correct Answer 3Your Answer 5
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Multiple Choice Multiple AnswerQuestion Source documents for preparations of wages
are :-Correct Answer Daily time sheet , Weekly time sheet. ,
Attendance register.Your Answer Daily time sheet , Weekly time sheet. ,Attendance register.
Select The BlankQuestion ________ is necessary to calculate Dearness
Allowance in Payroll process.Correct Answer Cost of Living IndexYour Answer Minimum Wages
Multiple Choice Single AnswerQuestion In profit-sharing plan, the proportion of profits to
be distributed among the employees is determined :-Correct Answer In advanceYour Answer At the end of fiscal year
True/False
Question If the car is used for office duty, only the value ofthe use of motor car is taken as 'NIL'.Correct Answer TrueYour Answer True
Multiple Choice Single AnswerQuestion Long-term wage Incentive plans are useful,
where :-
Correct Answer Jobs are inter-relatedYour Answer Jobs are inter-related
Multiple Choice Single AnswerQuestion Hospitality industries includes :-Correct Answer HotelsYour Answer Hotels
Select The Blank
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Question Today there is strong competition for acquiringas much ________ as possible.Correct Answer WealthYour Answer Wealth
True/FalseQuestion Performance standards & norms for incentive
payments should be set up high for better results.Correct Answer FalseYour Answer False
True/FalseQuestion Accumulated leave pay is treated as Indirect
expenses.Correct Answer TrueYour Answer True
True/FalseQuestion House rent allowance paid to a employee
residing in his own house is not exempt from tax.Correct Answer True
Your Answer True
Multiple Choice Multiple AnswerQuestion Cost accounting department analyze payroll for
the purpose of revealing :-Correct Answer Normal and abnormal idle time , Direct &
indirect labour , Variance from budgeted costsYour Answer Normal and abnormal idle time , Direct &
indirect labour , Variance from budgeted costs
Multiple Choice Multiple AnswerQuestion The approach of managerial / executive staff
towards the perquisites has changed since last :-Correct Answer 10 years , 9 years , 8 yearsYour Answer 8 years
Multiple Choice Single AnswerQuestion Monetary incentives imply :-
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Correct Answer External motivationYour Answer Internal motivation
Select The Blank
Question A person would readily respond to opportunitiesrelated to jobs if he has strong need for ________.Correct Answer AffiliationYour Answer Power
True/FalseQuestion Halsey Premium plan is a combination of the
day wage & piece wage in modified form.Correct Answer TrueYour Answer True
Multiple Choice Single AnswerQuestion Production planning includes :-Correct Answer Product engineering.Your Answer Labour budgets
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
True/FalseQuestion The management must concentrate on creating proper industrial
relations climate before introducing incentive schemes.Correct Answer True
Multiple Choice Single AnswerQuestion Time booking on job helps for :-
Correct Answer Estimating labour cost.
Select The BlankQuestion ________ is the unique code allotted to each & every employee
in the organization.Correct Answer Employee No.
Multiple Choice Multiple AnswerQuestion Monetary incentive plans result in :-
Correct Answer Greater output per man-hour , Lower unit cost , Higher wages
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Multiple Choice Single AnswerQuestion First to lay down the guidelines for fixation of Minimum Wages
was :-Correct Answer Indian Labour Conference
Multiple Choice Single AnswerQuestion At germination stage, to attract and retain talent, dotcom
companies offer :Correct Answer Stock option
Select The BlankQuestion 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 forcalculating :-
Correct Answer D.A.
Multiple Choice Multiple AnswerQuestion 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 Usually multinational companies ay higher than small scaleindustry.Correct Answer True
Multiple Choice Single AnswerQuestion 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 ofemployees.
Payroll Dept. Maintain record of wagerate of each employee.
Engineering Dept. Preparation of time &motion studies
Multiple Choice Multiple AnswerQuestion Salient features of profit-sharing are :-
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Correct Answer Agreement is voluntary , Payment may be in cash / stock offuture credits , Computation on the basis of some agreedformula
Multiple Choice Multiple AnswerQuestion Any imbalance in input-output relation in any incentive payment
scheme can result in :-Correct Answer Tension , Lower productivity , More absenteeism
Multiple Choice Single AnswerQuestion 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 BlankQuestion ________ are also aid to executives a certain percentage of the
profits.
Correct Answer Bonuses
True/FalseQuestion Education expenses on employee's family members paid or
reimbursed by the employer are not taxable.Correct Answer False
Multiple Choice Single AnswerQuestion In post IPO stage, dotcom company gives its employees :-
Correct Answer Balanced total reward package
Select The BlankQuestion Payment to out workers is done on ________ basis.
Correct Answer Monthly
Multiple Choice Multiple AnswerQuestion Following are causes of idle time of labour pertaining to
administration :-Correct Answer Poor management , Management policy
Multiple Choice Single AnswerQuestion 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
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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 AnswerQuestion Apart from salaries, IT employees are giving importance to :-
Correct Answer Company image , Job content , Job security
Multiple Choice Multiple AnswerQuestion Article 43 reads: State shall endeavour to secure by suitable
legislation to all :-Correct Answer Agricultural workers , Industrial , Working in a living wage
True/FalseQuestion The cost of time lost in setting a machine is treated as indirect
cost.Correct Answer False
Multiple Choice Multiple AnswerQuestion 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 BlankQuestion Wage differentials have a great ________ and social
significance.Correct Answer Economic
Select The BlankQuestion ________ is a source document for preparation of wage sheet.
Correct Answer Attendance Register
Multiple Choice Single AnswerQuestion In addition to the result of job analysis and wage survey several
other variables have to be given due consideration inestablishing :-
Correct Answer Wage structure
Select The BlankQuestion Wage differentials have been classified into ________
categories.Correct Answer 3
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Multiple Choice Single AnswerQuestion Individuals from various level of the organisation have different :-
Correct Answer Life Style
Select The BlankQuestion ________ are assured of a stable amount of money.
Correct Answer Employees
Select The BlankQuestion ________ provides benefits at the time of retirement/ death /
following disability of worker.Correct Answer Deferred plan
Multiple Choice Single AnswerQuestion Demand for a particular skill is high and supply is low,
compensation given is:-Correct Answer High
Select The BlankQuestion Employee's State Insurance Act, ________ is a pioneering
measure in the field of social insurance of our country.Correct Answer 1948
Multiple Choice Multiple AnswerQuestion Bonus, as the incentive to managers is determined :-
Correct Answer By formula , By discretion used in allocation of bonus
Multiple Choice Single AnswerQuestion 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 Cost of advertisement for recruitment , Cost of conductinginterviews , Cost of interruption in production
True/FalseQuestion Any other amenity or service excluded from the computation of
wages by a general or special order of appropriate Govt.Correct Answer False
Multiple Choice Single AnswerQuestion Minimum wages are not to be fixed in an industry which employs
less then how many employees in the entire state?
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Correct Answer 1000
Multiple Choice Single AnswerQuestion Remuneration paid for the service of the labour in production is
:-Correct Answer Wage
Multiple Choice Multiple AnswerQuestion Profit sharing plans can be on :-
Correct Answer Industry basis , Locality basis , Unit basis
Multiple Choice Multiple AnswerQuestion Provident Funds can be of the following types :-
Correct Answer Statutory Provident Fund , Recognised Provident Fund , Public
Provident Fund
Multiple Choice Single AnswerQuestion Following is not a function of personnel department :-
Correct Answer Time keeping.
Multiple Choice Single AnswerQuestion Dotcom companies were founded to go beyond :-
Correct Answer Physical business
True/FalseQuestion If an employee pays fees for attending some management
course, the fees can be allowed for deduction from salaryincome.
Correct Answer False
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Select The Blank Question Life and Medical insurance or reimbursement of m
as a part of ________.
Correct Answer PerksMultiple Choice Multiple Answer Question Following are causes of idle time of labour pertain Correct Answer Failure of electricity. , Seasonal nature of demandMultiple Choice Multiple Answer
Question Profit sharing plans can be on :- Correct Answer Industry basis , Locality basis , Unit basisMultiple Choice Single Answer
Question Employees in the railways are entitled of paymenare drawing wages and salaries below :-
Correct Answer Rs. 1600/- a monthTrue/False Question House rent allowance paid to a employee residing
exempt from tax.
Correct Answer TrueMultiple Choice Single Answer Question If the employment is merely incidental to the exer
gains from such employment would be :-
Correct Answer Professional earningsMultiple Choice Single Answer Question ,Correct Answer Class
Multiple Choice Single Answer Question Production planning includes :-
Compensation Management
List of Attempted Questions and Answers
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Correct Answer Product engineering.True/False Question Trade unions do affect rate of wages. Correct Answer TrueMultiple Choice Single Answer Question In addition to the result of job analysis and wage
variables have to be given due consideration in es
Correct Answer Wage structureMultiple Choice Single Answer Question When a dotcom company starts earning profits, p
the launch of:-
Correct Answer IPOMultiple Choice Multiple Answer Question Employees are paid incentives on 'Time' basis if :- Correct Answer Units of output are difficult to measure , Delays in
Quality is prime considerationMultiple Choice Single Answer
Question When the cost of living increases, workmen and tr Correct Answer Increase the wageMultiple Choice Single Answer Question In post IPO stage, dotcom company gives its emp Correct Answer Balanced total reward packageMultiple Choice Multiple Answer Question Documents used for wage analysis are :- Correct Answer Job cards , Wage sheetsMultiple Choice Single Answer
Question In co-partnership Incentive system, there is divisi Correct Answer Surplus profitMultiple Choice Multiple Answer Question Main features of society are :- Correct Answer Domination of machines , Exploitation of workers
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Multiple Choice Multiple Answer Question In dotcom companies, there is :- Correct Answer Huge no of employees , Direct interaction with cu
organizations , Reduction of capital cost
Multiple Choice Multiple Answer Question In profit-sharing plan, employees :- Correct Answer Work more diligently , Try to achieve higher prof
responsibilities
True/False
QuestionCorrect Answer True
Select The Blank Question To perform a ________ function by way of determ
workers.
Correct Answer SocialMultiple Choice Single Answer Question The most important deductions from wages / sala Correct Answer Statutory deductionsSelect The Blank Question Standards of efficiency should be fixed by taking
worker & Normal working conditions.
Correct Answer NormalMultiple Choice Single Answer Question In recent times, in addition to stock options, empl
are demanding :-
Correct Answer Cash bonusSelect The Blank Question Persons interested in enhancing their reputations
may respond to ________.
Correct Answer Verbal praiseMultiple Choice Single Answer
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Question Dotcom companies were founded to go beyond :- Correct Answer Physical businessSelect The Blank Question Wage differentials have been classified into _____ Correct Answer 3Multiple Choice Multiple Answer Question Apart from salaries, IT employees are giving impo Correct Answer Job content , Job security , Company imageMultiple Choice Single Answer
Question Reward may be money or promotion, but more lia smile, and :-
Correct Answer Acceptance by peerTrue/False Question Incentive schemes sometimes lead to jealousies an
among the workers.
Correct Answer TrueTrue/False Question Any other amenity or service excluded from the c
general or special order of appropriate Govt.
Correct Answer FalseTrue/False Question The cost of time lost in strikes is charged to Profit Correct Answer TrueSelect The Blank Question After deducting depreciation and initial or develo
we arrive at ________.
Correct Answer Surplus profitMultiple Choice Multiple Answer Question Documents useful for the purpose of wage analys Correct Answer Wage sheets , Payroll , Accounting registersSelect The Blank
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Question Gross Earnings - Deductions equals ________. Correct Answer Net EarningsTrue/False Question With about 2-5 years of experience, an employee c
level from executive level in IT industry. Correct Answer TrueMultiple Choice Multiple Answer Question In Payroll process, a Journal entry is treated as Co Correct Answer Book deductions effected during the month , Book
on account of payroll , Make remittances to respe
Multiple Choice Single Answer
Question In developmental phase, the dotcom companies c Correct Answer Building brandMultiple Choice Single Answer Question Long-term wage Incentive plans are useful, where Correct Answer Jobs are inter-relatedMatch The Following Question Correct AnswerInstitutions of marriages & family Society
Past Marriages Permanent
Select The Blank Question ________Correct Answer Fixed
True/False Question Halsey Premium plan is a combination of the day
modified form.
Correct Answer TrueMultiple Choice Single Answer Question Some companies are paid on the higher side of th Correct Answer Ensure an adequate supply of labourMultiple Choice Multiple Answer
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Question Article 43 reads: State shall endeavour to secure b Correct Answer Agricultural workers , Industrial , Working in a liMultiple Choice Single Answer
Question At germination stage, to attract and retain talent, Correct Answer Stock optionMultiple Choice Single Answer Question Standard cost is a :- Correct Answer Predetermined costMatch The Following Question Correct AnswerUnder E.S.I. employee's contribution 0.0175
Employee Pension Scheme is 8.33% of Employer
Employer & Employee Contribution under E.P.F. 0.12
Under E.S.I., employer's contribution 0.0475
Multiple Choice Multiple Answer Question Extent of employees turnover depends upon :- Correct Answer , True/False
Question Performance standards & norms for incentive payhigh for better results.
Correct Answer FalseMultiple Choice Multiple Answer Question E.S.I. Act aims at providing for certain cash benef Correct Answer Sickness , Maternity , MedicalTrue/False
Question Employer's contribution to Superannuation Fund Correct Answer FalseMultiple Choice Multiple Answer Question Forces that favour regional differences are :- Correct Answer Low mobility , Lower skilled job , Sources of incoMultiple Choice Single Answer
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Question In graduated time rates system, if basic salary is Rallowance is 150% then total remuneration will be
Correct Answer Rs.5000/-Match The Following Question Correct AnswerTop managers Non-financial benefits
Workers Piece-rate
Salesmen Commission
Managers Bonus
Select The Blank Question The scanlon plan of profit sharing gives utmost im Correct Answer Employee participationTrue/False Question If workers do not understand relationship betwee
rewards, incentive plans cannot motivate workers
Correct Answer TrueMultiple Choice Single Answer Question Financial &/or quantitative statement prepared &
of time is called :-
Correct Answer BudgetMultiple Choice Multiple Answer Question Group incentive plans may not become successfu Correct Answer Unevenness of performance of different members
among group members , No recognition for indiv
True/False
Question Bonus is component of deductions. Correct Answer FalseSelect The Blank Question The ________ criterion is usually regarded as an a
pay criterion.
Correct Answer Cost of living pay
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Multiple Choice Single Answer Question Wages of security men in a production unit come Correct Answer Indirect labourMultiple Choice Multiple Answer Question Major features of production are :- Correct Answer Labour , Land , CapitalTrue/False
Question The Scanlon plan of profit sharing is more effectivis more than 1000.
Correct Answer FalseMultiple Choice Multiple Answer Question Incentive plans fail due to :- Correct Answer Lack of required tools / training , Unfair standardMultiple Choice Multiple Answer
Question
Objectives laid down by I.L.O. are :- Correct Answer Abolish malpractices , Abuse in wage payment , P
Multiple Choice Multiple Answer
Question Profit sharing, as an incentive plan, realizes these Correct Answer Higher profits , Increased efficiency , Climate for bMultiple Choice Single Answer
Question Characteristic of a good compensation system is :- Correct Answer Higher the efficiency of worker, higher is compenMultiple Choice Single Answer Question The institutions of marriage and family are also to Correct Answer SocietyMultiple Choice Single Answer Question Hospitality industries includes :- Correct Answer HotelsMultiple Choice Multiple Answer Question To make Scanlon plan successful, there should be
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Correct Answer Stable product lines and costs , Strong commitmerelations
Select The Blank
Question For higher management, ________ are influenced specific industry and the process of decision maki
Correct Answer SalariesTrue/False Question Indirect labour cost forms a part of overheads. Correct Answer TrueTrue/False Question Salary is still the only or chief motivator for IT em Correct Answer FalseMultiple Choice Single Answer Question Perquisites taxable in all cases include :- Correct Answer Value of rent free accommodation provided by emMultiple Choice Multiple Answer Question A good incentive scheme should have :- Correct Answer Elasticity , Parity , Less operational costsSelect The Blank
Question ,Correct Answer Output is above standard
Select The Blank Question Leave pay of current year is treated as ________. Correct Answer Direct ExpensesSelect The Blank Question Cost of time spent on conducting interviews & sel
________ is called Replacement cost.
Correct Answer ReplacementMultiple Choice Single Answer
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QuestionOne worker is working under piece rate & time ra
compensation. He has worked in a week of 06 day
His hourly rate is Rs.2/- per piece. His output for
will be his earning ?
Correct Answer Rs.96/-Multiple Choice Multiple Answer Question Wage differentials are of following factors :- Correct Answer Difference in labour efficiency , Social esteem , OcMultiple Choice Single Answer
Question Monetary incentives imply :- Correct Answer External motivationMultiple Choice Single Answer Question Variance analysis is done in case of :- Correct Answer Standard costingSelect The Blank Question Inter-firm differentials reflect ________ wage leve Correct Answer RelativeMultiple Choice Single Answer Question Wage Policy is of great concern to :- Correct Answer Labour Management & Govt.Select The Blank Question ________ of payment recognizes that individuals money paid to them and also the relationship of t
are paid.
Correct Answer Equity approachTrue/False Question Incentive payments should be made at the end of Correct Answer FalseTrue/False Question Most companies as against earlier visible cost don
The Company".
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Correct Answer FalseSelect The Blank Question During the research it was found that in certain ci
are ________where as organizational ability to pay
Correct Answer Very lowSelect The Blank Question In the history of Indian IT industry, the year 2001-
as ________.
Correct Answer Year of lay-offsTrue/False Question The management must concentrate on creating pr
climate before introducing incentive schemes.
Correct Answer TrueMultiple 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 & eve
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 , HMultiple Choice Single Answer
Question First to lay down the guidelines for fixation of Mi Correct Answer Indian Labour ConferenceSelect The Blank Question Payment is done on the basis of units of output, in Correct Answer PieceMultiple Choice Single Answer Question In Payroll process, Cost of Living Index provides
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Correct Answer D.A.True/False Question Usually multinational companies ay higher than s Correct Answer TrueMatch The Following Question Correct AnswerCost 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
Computation on the basis of some agreed formula
Multiple Choice Multiple Answer
Question Any imbalance in input-output relation in any inccan result in :-
Correct Answer Tension , Lower productivity , More absenteeismMultiple Choice Single Answer
Question A worker produces 50 units a week of 06 days andpiece. Then his earning will be :-
Correct Answer Rs.100/-Select The Blank Question ________ are also aid to executives a certain perce Correct Answer BonusesTrue/False Question Education expenses on employee's family membe
the employer are not taxable.
Correct Answer FalseSelect The Blank Question Payment to out workers is done on ________ basi
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Correct Answer MonthlyMultiple Choice Multiple Answer Question Following are causes of idle time of labour pertain Correct Answer Poor management , Management policyMatch The Following Question Correct AnswerElements of good Wage Plan Two
Remuneration Employees
Wage Differentials Three categories
Mathematical tables Calculations
Multiple Choice Multiple Answer Question Apart from salaries, IT employees are giving impo Correct Answer Company image , Job content , Job securityTrue/False
Question The cost of time lost in setting a machine is treated Correct Answer FalseMultiple Choice Multiple Answer Question The contemporary practice for enhancing organiz
focuses on internal and external factors such as :-
Correct Answer Customer needs , Market trends , CostsSelect The Blank
Question Wage differentials have a great ________ and soci Correct Answer EconomicSelect The Blank Question ________ is a source document for preparation of Correct Answer Attendance RegisterMultiple Choice Single Answer Question Individuals from various level of the organisation Correct Answer Life StyleSelect The Blank Question ________ are assured of a stable amount of money
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Correct Answer EmployeesSelect The Blank Question ________ provides benefits at the time of retireme
disability of worker.
Correct Answer Deferred planMultiple Choice Single Answer QuestionCorrect Answer High
Select The Blank Question Employee's State Insurance Act, ________ is a pion
field of social insurance of our country.
Correct Answer 1948Multiple Choice Multiple Answer Question Bonus, as the incentive to managers is determined Correct Answer By formula , By discretion used in allocation of boMultiple Choice Multiple Answer Question Following are the forms of the cost of replacemen Correct Answer Cost of advertisement for recruitment , Cost of co
of interruption in production
Multiple Choice Single Answer
Question Minimum wages are not to be fixed in an industryhow many employees in the entire state?
Correct Answer 1000Multiple Choice Single Answer Question Remuneration paid for the service of the labour in Correct Answer WageMultiple Choice Multiple Answer Question Provident Funds can be of the following types :- Correct Answer , Multiple Choice Single Answer
Question Following is not a function of personnel departme
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Correct Answer Time keeping.True/False Question If an employee pays fees for attending some mana
can be allowed for deduction from salary income.
Correct Answer FalseSelect The Blank Question The wages of workers not present at the time of p
should be entered into ________.
Correct Answer Undisbursed wage registerMultiple Choice Multiple Answer Question Basic compensation systems are :- Correct Answer Time rate system , Piece rate systemSelect The Blank
Question Overtime payment given to the worker due to inedepartment is charged to ________.
Correct Answer Responsible DepartmentTrue/False Question If the rent paid by employee for his accommodati
the value of rent-free house, the value of the conce
Correct Answer TrueSelect The Blank Question Factors not related to money can also serve as ___ Correct Answer Attention seekersMultiple Choice Single Answer Question Aggregate costs change, if there is change in volu Correct Answer Marginal costTrue/False Question Bonus or other payments under a profit-sharing s
contract of employment.
Correct Answer FalseTrue/False
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Question In businesses, where workers are illiterate and pabasis, the scope for fraud or cheating is less.
Correct Answer FalseMultiple Choice Multiple Answer Question Job analysis describes :- Correct Answer Duties , Responsibilities , Working conditionsMultiple Choice Multiple Answer
Question Contribution to the P.F. have to be remitted alongAccount No.:-
Correct Answer 2 , 21 , 10Multiple Choice Single Answer
Question Profession Tax is deducted as per the enactment b Correct Answer State Govt.Multiple Choice Multiple Answer Question Through payroll system, Recovery statements like Correct Answer Recovery of ESI , Deductions of Profession Tax , LTrue/False
Question IT jobs still remain the best paying jobs in the cou Correct Answer TrueSelect The Blank Question Cost of employee welfare activities comes under _ Correct Answer PreventiveMultiple Choice Single Answer Question Advantage of disc method of attendance recordin Correct Answer Suitable for illiterate worker.Multiple Choice Multiple Answer Question Source documents for preparations of wages are : Correct Answer Daily time sheet , Weekly time sheet. , AttendanceMultiple Choice Single Answer
Question Consideration for wage and salary administration Correct Answer Job requirement
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Match The Following Question Correct AnswerNormal Worker Skill comparison in time study
Piece Worker Payment per unit of output
Casual Worker Payment for total workOut workers Payment on monthly basis
True/False Question Group incentive system is more widely prevalent
the system of individual incentive.
Correct Answer TrueMultiple Choice Multiple Answer Question In dotcom companies, there is :- Correct Answer Direct interaction with customers and client organ
capital cost , Huge no of employees
Select The Blank
Question Executives are compensated for the various _____ Correct Answer ExpensesTrue/False Question In industrialization there is not always mass prod Correct Answer FalseMultiple Choice Single Answer Question In high profit making organisation compensation Correct Answer HigherMultiple Choice Single Answer Question Group incentive plans are best suited for :- Correct Answer Small work groupsMultiple Choice Single Answer Question In traditional Indian society, marriages were cons Correct Answer PermanentMatch The Following Question Correct Answer
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I. L. O. To bring appropriate payment systems
Child Exploitation Article 39
Wage Policy Increase economic welfare
Article 43 Emphasizes need for legislation
Multiple Choice Single Answer Question Prevailing market rate is also known as :- Correct Answer Comparable wageSelect The Blank Question Ratio of number of persons over 4 years of service
employees is called ________
Correct Answer Skill dilution indexSelect The Blank Question There are many methods that an alive ________ m
develop for employees rendered redundant throu
Correct Answer HRDMultiple Choice Single Answer Question Disadvantage of maintaining hand written registe Correct Answer Depends upon honesty.Match The Following Question Correct AnswerHigh wage level system Incentive to worker to improve performance
Graduated time rate system Economical factor is consider
Straight piece rate system Productivity improvement
Piece rate system & time rate combination Protect learners & slow workers
True/FalseQuestion
An employee gets deduction to the extent, professincome chargeable under 'salaries'. Correct Answer True
True/False Question Contribution to the Provident Funds are made at
percentage of salary of employee, only by the Em
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Correct Answer FalseMultiple Choice Multiple Answer Question The cutting edge of an organization is its people. T
being redefined to bring out the best in :-
Correct Answer Employees , Managers , ExecutivesMultiple Choice Single Answer
Question Effectiveness of incentive system is ascertained w Correct Answer Efficiency report.Select The Blank Question ________ is that portion of Dearness Allowance w
to be paid for all purposes.
Correct Answer Dearness PayTrue/False Question Gradewise flat allowances are also being consider
tax exemption benefit are still available.
Correct Answer TrueMultiple Choice Multiple Answer Question Return and wage differentials are contained by a Correct Answer Productivity , Market conditions , Bargaining powMultiple Choice Multiple Answer
Question Employees cost to the company includes :- Correct Answer Basic wages , IncentivesMultiple Choice Single Answer
Question A job is rated to determine :- Correct Answer Its value relative to other jobs in organizationMultiple Choice Multiple Answer Question Components of deductions in salary are :- Correct Answer E.S.I. , Housing loan installment.True/False
QuestionCorrect Answer True
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Multiple Choice Single Answer Question Employees Compensation System is vital for :- Correct Answer MotivationMultiple Choice Multiple Answer Question In following circumstances of overtimes, the cost Correct Answer General pressure of work. , Inefficiency.Multiple Choice Single Answer
Question Following is a method of attendance time recordi Correct Answer Time recording clock.Multiple Choice Multiple Answer Question Employees are paid incentives on 'Output' basis if Correct Answer Units of output can be measured , Direct relations
efforts and quantity of output , Jobs are standardi
Match The Following
Question Correct AnswerIPO stage of dotcoms Compensation at market levelPost IPO stage of dotcoms More balanced total reward package
Ideation stage of dotcoms Low cash compensation
Developmental stage of dotcoms First real revenue flows
Select The Blank Question ________Correct Answer Journal entry
True/False Question Employee turnover rate focuses on stability of em Correct Answer FalseSelect The Blank Question Packing articles in plastic bags is an example of __ Correct Answer Piece rate systemMultiple Choice Single Answer Question By using straight piece rate system of compensati Correct Answer Increases
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Multiple Choice Multiple Answer Question Following are avoidable causes of employees turn Correct Answer Unsatisfactory pay package , Absence of job satisfTrue/False
Question If the same or about the same general rates of wagemployees as were paid by the organisation's comable to attract and maintain a sufficient quantity a
Correct Answer FalseMultiple Choice Multiple Answer Question For the valuation of rent free accommodation, 'Sal Correct Answer D A , Bonus , Education AllowanceMultiple Choice Multiple Answer
Question Cost of labour turnover includes :- Correct Answer Replacement cost , Preventive costMultiple Choice Single Answer
Question Wage & salary administration refers to the establiimplementation of sound policies and practices of
Correct Answer CompensationSelect The Blank Question Organization's ability to pay, determines _______ Correct Answer Wage levelTrue/False Question Wage Policy is not of great concern to labour, man Correct Answer FalseMultiple Choice Single Answer Question Towns are getting converted into cities and cities Correct Answer MetroMultiple Choice Multiple Answer Question Profit sharing, as an incentive plan, realizes these Correct Answer Higher profits , Increased efficiency , Climate for bMultiple Choice Multiple Answer
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Question In effective incentive plan, standards on which pl Correct Answer Fair , Reasonable , SpecificMultiple Choice Single Answer Question Gate time keeping helps for :- Correct Answer Payroll preparations.True/False Question Incentive schemes should be installed right from b Correct Answer FalseMultiple Choice Multiple Answer Question Incentive plans fail due to :- Correct Answer Unfair standards , Fear of rate cut , Lack of requirMultiple Choice Multiple Answer Question Components of deductions in salary are :- Correct Answer E.S.I. , Housing loan installment.Multiple Choice Single Answer Question As industrialization taking place, the family value Correct Answer ChangedTrue/False Question Compensation policy does not need criteria for pr Correct Answer FalseMultiple Choice Multiple Answer Question Differential piece rate system is suitable where :- Correct Answer Fixed costs are higher in proportion to veriable co
production accurately , There are standardised m
Multiple Choice Single Answer Question Control of labour cost is essential in every organis Correct Answer Determine indirect labour cost.Multiple Choice Multiple Answer Question In India, Group incentive plans face problems like Correct Answer Numerous slabs in rate structure , High norms of
workforce
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True/False Question , vehicle by employer, he is not eligible to get 'StanCorrect Answer False
Multiple Choice Single Answer Question Carpenters engaged in cutting of wood in a furnit
example of :-
Correct Answer Direct labourMultiple Choice Multiple Answer Question Employees cost to the company includes :- Correct Answer Basic wages , IncentivesSelect The Blank Question Process of readjustment inevitable calls for chang
and its practice.
Correct Answer Human ResourceMatch The Following Question Correct AnswerIdle time due to tea breaks Direct costs
Basic Salary Gross Earning
Professional Tax Deductions
Overtime due to general pressure of work Indirect costs.
Multiple Choice Multiple Answer Question Documents useful for the purpose of wage analys Correct Answer Wage sheets , Payroll , Accounting registersMultiple Choice Multiple Answer Question Level II in junior managers comprises of :- Correct Answer Engineers , Officers , Senior EngineersMultiple Choice Single Answer Question It was commonly believed by Hindus that marria Correct Answer NecessaryMultiple Choice Multiple Answer
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Question Source documents for preparations of wages are : Correct Answer Daily time sheet , Weekly time sheet. , AttendanceSelect The Blank Question ________ is necessary to calculate Dearness Allow Correct Answer Cost of Living IndexMultiple Choice Single Answer Question In profit-sharing plan, the proportion of profits to
employees is determined :-
Correct Answer In advanceTrue/False Question If the car is used for office duty, only the value of
taken as 'NIL'.
Correct Answer TrueSelect The Blank QuestionCorrect Answer WealthTrue/False
Question Accumulated leave pay is treated as Indirect expe Correct Answer TrueMultiple Choice Multiple Answer Question Cost accounting department analyze payroll for th Correct Answer Normal and abnormal idle time , Direct & indirec
budgeted costs
Multiple Choice Multiple Answer Question The approach of managerial / executive staff tow
changed since last :-
Correct Answer 10 years , 9 years , 8 yearsSelect The Blank Question A person would readily respond to opportunities
strong need for ________.
Correct Answer Affiliation
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Multiple Choice Single Answer Question In metropolitan towns boys and girls are generall Correct Answer 25 to 35Multiple Choice Multiple Answer Question Various enactments that are applicable to employ Correct Answer Payment of Gratuity Act , Payment of Bonus Act ,
Fund & Misc. Provisions Act
Multiple Choice Single Answer
Question Pay grade consists of jobs falling within a range ofor job evaluation is :-
Correct Answer Point methodTrue/False Question In engineering and chemical industries, mostly w
incentives.
Correct Answer TrueTrue/False Question In piece rate & time rate combination system, the
secured and do not try hard to increase productio
Correct Answer TrueSelect The Blank Question ________ refers to the distribution of profits on th
percentage on one's monthly wages.
Correct Answer Profit sharing bonusTrue/False Question Economic system does result in the concentration Correct Answer FalseMultiple Choice Single Answer Question Time spent by different workers on same job is re Correct Answer Job card.Multiple Choice Multiple Answer Question Advantages of having several pay ranges for each
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Correct AnswerThe management could take a more flexible stanc
market , It made it easy to attract experienced em
organisations , It helped to ensure that there was a
rates and those prevailing in the labour market
Select The Blank
Question ________ is financial / quantitative statement prea period of time.
Correct Answer BudgetMatch The Following Question Correct AnswerPost IPO stage of dotcoms More balanced total reward package
Ideation stage of dotcoms Low cash compensation
Developmental stage of dotcoms First real revenue flows
IPO stage of dotcoms Compensation at market level
Multiple Choice Multiple Answer Question Level II in senior managers include or comprises o Correct Answer General Manager , Senior General Manager , DepMultiple Choice Single Answer
Question Following is method of time booking :- Correct Answer Daily time sheet.Multiple Choice Multiple Answer Question Broad groups may be illustrated within manufact Correct Answer Managerial , Clerical , FactoryMultiple Choice Single Answer
Question Person working in MNC's occupying higher posittime for their :-
Correct Answer Employment & jobTrue/False Question Equal remuneration Act, 1976 discriminates on th
women in the matter of employment.
Correct Answer False
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True/False Question Time booking helps to ascertain direct and indirec Correct Answer TrueSelect The Blank Question Equal remuneration Act, ________ provides for pa
remuneration to men and women for the same wo
Correct Answer 1976Select The Blank Question Overtime payment given to the worker for compl
scheduled date art the instruction of buyer is treat Correct Answer DirectMatch The Following Question Correct AnswerLevel II - Middle Managers Assistant Managers
Level I - Senior Managers Executive vice President
Level II - Middle Managers Senior Managers
Level I - Junior Managers Deputy Managers
Multiple Choice Multiple Answer Question The term salary does not include :- Correct Answer ,
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LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Multiple Choice Multiple Answer
Question
Wage differentials are of following factors :-
Correct Answer
Difference in labour efficiency , Social esteem , Occupation
Your Answer
Occupation , Difference in labour efficiency , Social esteem
Select The Blank
Question
Life and Medical insurance or reimbursement of medical bills is considered as a part of
________.
Correct Answer
Perks
Your Answer
Social security
Select The Blank
Question
Against the past practice of modest gradual increase applicable to all, with only marginal
additional to the ________ performer.
Correct Answer
Good
Your Answer
Average
Multiple Choice Single Answer
Question
Employees in the railways are entitled of payment of wages Act, 1936 who are drawing
wages and salaries below :-
Correct Answer
Rs. 1600/- a month
Your AnswerRs. 1600/- a month
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Multiple Choice Multiple Answer
Question
Due to the paucity of relevant data on wage differentials, it is possible to analyze in India :-
Correct AnswerWage structure , Pay structure , Salarystructure
Your Answer
Wage structure , Pay structure , Salary structure
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
Your AnswerTension , Lower productivity , More absenteeism
Multiple Choice Multiple Answer
Question
In India, Group incentive plans face problems like :-
Correct Answer
High norms of standard work, Illiterate workforce , Numerous slabs in rate structure
Your Answer
High norms of standard work , Illiterate workforce , Numerous slabs in rate structure
Multiple Choice Single Answer
Question
Differential piece rate system is based on :-
Correct Answer
Dual rates for different efficiency levels
Your Answer
Dual rates for different efficiency levels
Select The BlankQuestion
In the history of Indian IT industry, the year 2001-2002 will be remembered as ________.
Correct Answer
Year of lay-offs
Your Answer
Year of lay-offs
Multiple Choice Single Answer
Question
The social structure of individual's life style is evident in the :-
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Correct Answer
Urban society
Your Answer
Urban society
Multiple Choice Single Answer
Question
Rate range can be developed in many ways, one usually adopted is :-
Correct Answer
Wage curve
Your Answer
Performance curve
Multiple Choice Multiple Answer
QuestionDocuments useful for the purpose of wage analysis are :-
Correct Answer
Wage sheets , Payroll , Accounting registers
Your Answer
Wage sheets , Payroll , Accounting registers
Select The Blank
Question
There are many methods that an alive ________ management can creatively develop foremployees rendered redundant through little forethought.
Correct Answer
HRD
Your Answer
HRD
Select The Blank
Question
In Taylor differential piece rate system, high piece rate is applicable if ________.
Correct AnswerOutput is above standard
Your Answer
Output is above standard
Multiple Choice Single Answer
Question
For a normal adult the net intake of calories should be :-
Correct Answer
2700
Your Answer
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2600
Multiple Choice Multiple Answer
Question
In Compensation plans the following are taken into account :-Correct Answer
Cost of production , Reduction in expenses , Profits made
Your Answer
Reduction in expenses , Profits made , Cost of production
True/False
Question
ITjobs still remain the best payingjobsin the country.
Correct Answer
TrueYour Answer
True
Multiple Choice Multiple Answer
Question
Basic compensation systems are :-
Correct Answer
Time rate system , Piece rate system
Your AnswerTime rate system , Piece rate system , Bonus
Multiple Choice Multiple Answer
Question
Various enactments that are applicable to employees of organization are :-
Correct Answer
Payment of Gratuity Act , Payment of Bonus Act , Employee's Provident Fund & Misc.
Provisions Act
Your Answer
Payment of Gratuity Act , Payment of Bonus Act , Employee's Provident Fund & Misc.Provisions Act
Select The Blank
Question
Piece workers come under ________ class of workers.
Correct Answer
Semi - skilled
Your Answer
Unskilled
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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 Answer1000
Your Answer
900
True/False
Question
Within the factory group promotion is important.
Correct Answer
False
Your AnswerTrue
Multiple Choice Multiple Answer
Question
In Payroll process, a Journal entry is treated as Control entry to :-
Correct Answer
Bookdeductions effected during the month , Book expenses for the month on account of
payroll , Make remittances to respective authorities
Your AnswerGive effect of unknown transactions in books of accounts , Book deductions effected during
the month , Book expenses for the month on account of payroll
Multiple Choice Single Answer
Question
Co-partnership system tries to :-
Correct Answer
Eliminate friction between capital and labour
Your Answer
Gives fixed share to workers
True/False
Question
Indirect labour cost forms a part of overheads.
Correct Answer
True
Your Answer
True
Match The Following
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Question
Correct Answer
Your Answer
Top managers
Non-financial benefitsNon-financial benefits
Workers
Piece-rate
Bonus
Salesmen
Commission
Commission
Managers
Bonus
Compensatory day-off
Select The Blank
Question
________ is that portion of Dearness Allowance which Government declares to be paid for
all purposes.
Correct Answer
Dearness Pay
Your Answer
Dearness Pay
Multiple Choice Multiple Answer
Question
A good incentive scheme should have :-
Correct Answer
Elasticity , Parity , Less operational costs
Your Answer
Elasticity , Parity , Less operational costs
Select The BlankQuestion
________ is the unique code allotted to each & every employee in the organization.
Correct Answer
Employee No.
Your Answer
Employee No.
Multiple Choice Multiple Answer
Question
Apart from salaries, IT employees are giving importance to :-
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Correct Answer
Job content , Job security , Company image
Your Answer
Job security , Company image , Foreign trips
Multiple Choice Multiple Answer
Question
Major components of compensation :-
Correct Answer
Salary , Basic salary , Consolidated salary
Your Answer
Salary , Basic salary , Consolidated salary
Match The Following
QuestionCorrect Answer
Your Answer
Under E.S.I., employer's contribution
0.0475
0.0475
Under E.S.I. employee's contribution
0.0175
0.0175
Employee Pension Scheme is 8.33% ofEmployer
Employer
Employer & Employee Contribution under E.P.F.
0.12
0.12
Select The Blank
Question
The wages of workers not present at the time of payment disbursement should be entered into
________.Correct Answer
Undisbursed wage register
Your Answer
Undisbursed wage register
Multiple Choice Multiple Answer
Question
Components of wage & salary are :-
Correct Answer
Basic wage , Overtime wage , Dearness allowance
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Your Answer
Basic wage , Overtime wage , Dearness allowance
Multiple Choice Single Answer
QuestionBasic purpose of Wage and Salary administration is to establish and maintain an equitable :-
Correct Answer
Wage and Salary structure
Your Answer
Wage and Salary structure
True/False
Question
Performance standards & norms for incentive payments should be set up high for better
results.Correct Answer
False
Your Answer
False
True/False
Question
To maintain best manpower in the organization, Management Incentive Plan based on the
individual performance is necessary.Correct Answer
True
Your Answer
True
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 onthe basis of some agreed formula
Your Answer
Agreement is voluntary , Payment may be in cash / stock of future credits , Remuneration on
the basis of efficiency
Multiple Choice Multiple Answer
Question
In dotcom companies, there is :-
Correct Answer
Direct interaction with customers and client organizations , Reduction of capital cost , Huge
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no of employees
Your Answer
Direct interaction with customers and client organizations , Reduction of capital cost , Huge
no of employees
Select The Blank
Question
________ had a decisive influence on the wage structure & wage level.
Correct Answer
Managerial attitude
Your Answer
Market focus
True/False
QuestionWage and salary administration should be controlled by some proper agency.
Correct Answer
True
Your Answer
False
Multiple Choice Single Answer
Question
The human relations are determined by :-Correct Answer
Human attitudes
Your Answer
Human attitudes
Multiple Choice Single Answer
Question
If the ranking plan is used the grade consists of a specific number of :-
Correct Answer
RanksYour Answer
Points
Select The Blank
Question
________ is a source document for preparation of wage sheet.
Correct Answer
Attendance Register
Your Answer
Attendance Register
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True/False
Question
Contribution to the Provident Funds are made at certain rate or certain percentage of salary of
employee, only by the Employer.Correct Answer
False
Your Answer
False
True/False
Question
Incentive schemes should be installed right from beginning of production.
Correct Answer
FalseYour Answer
True
Multiple Choice Single Answer
Question
Time spent by same worker on various jobs is recorded on daily basis in :-
Correct Answer
Daily time sheet.
Your AnswerJob card.
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Labels: Compensation Management
Compensation Management - 2
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Multiple Choice Single Answer
Question
In Payroll process, Cost of Living Index provides the basis for calculating :-
Correct Answer
D.A.
Your Answer
HRA
Multiple Choice Single Answer
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Question
In developmental phase, the dotcom companies concentrate on :-
Correct Answer
Building brand
Your AnswerBuilding brand
Multiple Choice Single Answer
Question
Indirect compensation mainly acts as :-
Correct Answer
Maintenance factor
Your Answer
Motivating factor
Select The Blank
Question
compensation should be ________ efficiency & result .
Correct Answer
Directly proportional
Your Answer
Directly proportional
Match The FollowingQuestion
Correct Answer
Your Answer
Merric's multiple piece rate plan
Low piece rate for slow workers and high piece rate for higher production
Payment for time saved
Emerson efficiency plan
Gradual increase in remuneration based on efficiency
Gradual increase in remuneration based on efficiency
Co-partnership systemSharing profits undertaking
Sharing profits undertaking
Taylor's differential piece-rate plan
No fear of wage cut
Low piece rate for slow workers and high piece rate for higher production
Multiple Choice Single Answer
Question
The expenditure on medical treatment and stay abroad will be exempt only to the extent
permitted by :-
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Correct Answer
Reserve Bank of India
Your Answer
State Government
Multiple Choice Multiple Answer
Question
Extent of employees turnover depends upon :-
Correct Answer
Type of industry , Male to female ratio , Physical conditions within organisation
Your Answer
Type of industry , Male to female ratio , Physical conditions within organisation
Multiple Choice Single Answer
QuestionAt germination stage, to attract and retain talent, dotcom companies offer :
Correct Answer
Stock option
Your Answer
Stock option
True/False
Question
Wage & salary are also subject to a variety of legislation & in this context, compliance withexisting legislative measure is very important.
Correct Answer
True
Your Answer
True
Multiple Choice Multiple Answer
Question
Rate of crime is very high in :-
Correct AnswerIndustrial towns , Industrial cities , Industrial districts
Your Answer
Industrial towns , Industrial cities , Industrial districts
Multiple Choice Single Answer
Question
The persons working in multinational companies occupying the higher positions in hierarchy
enjoy :-
Correct Answer
Lavish life-style
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Your Answer
Expensive life-style
Multiple Choice Single Answer
QuestionWhen a dotcom company starts earning profits, promoters are focused on the launch of:-
Correct Answer
IPO
Your Answer
New business deals
Multiple Choice Multiple Answer
Question
For the valuation of rent free accommodation, 'Salary' includes :
Correct AnswerD A , Bonus , Education Allowance
Your Answer
Gratuity , D A , Bonus
True/False
Question
Provident fund is component of gross earnings.
Correct Answer
FalseYour Answer
True
Select The Blank
Question
________ are assured of a stable amount of money.
Correct Answer
Employees
Your Answer
Employers
Select The Blank
Question
Generally, the strong & more powerful is the trade union, the ________ are the wages.
Correct Answer
Higher
Your Answer
Higher
Multiple Choice Single Answer
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Question
Travel & Tourism agencies is an example of :-
Correct Answer
Hospitality industries
Your AnswerHospital
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