Banking GK Questions 2026

Entry 22 covers trade unions and industrial and labour disputes, Entry 23 social security and social insurance including employment and unemployment, and Entry 24 the welfare of labour including conditions of work and provident funds, so both Parliament and the state legislatures can legislate, and each state notifies its own…

It fixes a floor wage after taking into account the minimum living standards of a worker, and may set different floor wages for different geographical areas; no state may then fix a minimum wage below that floor.

It defines a gig worker as one who works outside a traditional employer-employee relationship, a platform worker as one who gets work through an online platform, and an aggregator as the digital intermediary that connects buyer and seller, and it provides a social security fund for such workers.

The code raises the threshold from the earlier figure and also makes three hundred the point at which certified standing orders become compulsory, so one number serves two provisions.

These three Acts dealt with the registration of unions, the conditions of service to be published as standing orders, and the machinery for disputes, lay-off, retrenchment and closure, and all three subjects are now in one code.

The four codes subsume twenty-nine central labour enactments: four in the Code on Wages, three in the Industrial Relations Code, nine in the Code on Social Security and thirteen in the Occupational Safety, Health and Working Conditions Code.

Paragraph 5 of the Tenth Schedule expressly exempts a person who, on being elected Speaker or Deputy Speaker of the Lok Sabha or of a Legislative Assembly, or Chairman or Deputy Chairman of the Rajya Sabha or of a Legislative Council, gives up membership of the party, and the exemption…

Articles 101 and 102 deal with the vacation of seats and the disqualifications for membership of Parliament, and Articles 190 and 191 do the same for the State Legislatures.

Article 75(1A) says that the total number of ministers, including the Prime Minister, shall not exceed fifteen per cent of the total number of members of the Lok Sabha, and Article 164(1A) lays down the same ceiling for a state with reference to the Legislative Assembly, with a floor of…

It provides that a member of either House of Parliament or of a State Legislature who is disqualified on the ground of defection is also disqualified from holding any remunerative political post, from the date of disqualification until the date on which the term of office would expire or until…

Paragraph 2(3) provides that a nominated member who joins a political party after the expiry of six months from the date on which the member takes the seat is disqualified.

Paragraph 2(1)(b) of the Tenth Schedule disqualifies a member who votes or abstains from voting contrary to any direction issued by the party, but the proviso saves the member in two situations: where prior permission was obtained, and where the party condones the act within fifteen days from the date…

That paragraph barred the jurisdiction of all courts in respect of any matter connected with the disqualification of a member under the Schedule.

Paragraph 6 of the Tenth Schedule gives that power to the presiding officer, and where the question is about the presiding officer, it is decided by a member of the House elected for the purpose.

It omitted Paragraph 3 of the Tenth Schedule, which had saved a split supported by one-third of the members of a legislature party.

Paragraph 4 says that where the original political party of a member merges with another party, the member is not disqualified if not less than two-thirds of the members of the legislature party concerned have agreed to the merger.

That amendment inserted the Tenth Schedule and amended Articles 101, 102, 190 and 191, which deal with the vacation of seats and the disqualification of members.

The Tenth Schedule was added by the Constitution (Fifty-second Amendment) Act, 1985, and it lays down the grounds on which a member of Parliament or of a State Legislature is disqualified for defection, the exemption for a merger, the exemption for the presiding officers and the authority who decides the…

The policy of 2021 named four strategic sectors: atomic energy, space and defence; transport and telecommunications; power, petroleum, coal and other minerals; and banking, insurance and financial services.

The National Investment Fund was set up in that year so that money raised by selling government equity would not simply fill the revenue gap.