As of 2009, the scope of state regulation of wages in India, particularly in the organized sector, was:
Following economic liberalisation and globalisation in India since 1991, the scope of direct state regulation of wages in the organised sector has been decreasing, giving…
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As of 2009, the scope of state regulation of wages in India, particularly in the organized sector, was:
Answer and explanation
Correct answer B
Following economic liberalisation and globalisation in India since 1991, the scope of direct state regulation of wages in the organised sector has been decreasing, giving way to market-determined compensation, decentralised collective bargaining, and performance-linked pay.
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UGC NET HRM / Labour Welfare and Industrial Relations