Arrange the following in order of their amount in an ascending order : a. Living Wage b. Subsistence…
Arranged in ascending order of monetary quantum and standard of living supported: Subsistence Wage (b) covers bare biological survival; Minimum Wage (d) adds a measure of…
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Arrange the following in order of their amount in an ascending order : a. Living Wage b. Subsistence Wage c. Fair Wage d. Minimum Wage
Answer and explanation
Correct answer C
Arranged in ascending order of monetary quantum and standard of living supported: Subsistence Wage (b) covers bare biological survival; Minimum Wage (d) adds a measure of education, medical, and other essential requirements; Fair Wage (c) lies above minimum wage based on industry capacity; and Living Wage (a) represents the highest comfort standard.
Practice for these exams
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UGC NET HRM / Labour Welfare and Industrial Relations