Which one of the following Labour Codes notified by the Government of India incorporated various provisions of the Central Labour Acts such as the Factories Act, 1948 and Plantations Labour Act, 1951?
- A.The Occupational Safety, Health and Working Conditions Code, 2020
- B.The Industrial Relations Code, 2020
- C.The Code on Wages, 2019
- D.The Code on Social Security, 2020
Correct answer
Explanation
The correct answer is A, The Occupational Safety, Health and Working Conditions Code, 2020. The Occupational Safety, Health and Working Conditions Code, 2020 brought together the Factories Act, 1948, the Plantations Labour Act, 1951 and other laws on safety and working conditions.
India merged 29 central labour laws into four Labour Codes. The OSH Code, 2020 subsumed 13 Acts dealing with safety, health and working conditions, among them the Factories Act, the Plantations Labour Act, the Mines Act, 1952 and the Contract Labour Act, 1970. The Code on Wages, 2019 combined four wage laws, the Industrial Relations Code, 2020 combined three laws on trade unions and disputes, and the Code on Social Security, 2020 combined nine laws on provident fund, insurance and gratuity.
B is wrong because the Industrial Relations Code replaced the Trade Unions Act, the Industrial Disputes Act and the Industrial Employment (Standing Orders) Act. C is wrong because the Code on Wages covers minimum wages, payment of wages, bonus and equal remuneration. D is wrong because the Code on Social Security covers schemes such as EPF, ESI, maternity benefit and gratuity.
Exam tip: 4 Labour Codes from 29 laws: Wages (4), Industrial Relations (3), Social Security (9), OSH (13).
Practice Questions
View allAccording to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to
- A.improve
- B.diminish
- C.remain constant
- D.first diminish and then improve
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Each extra unit of a good gives a consumer less additional satisfaction than the unit before it, so marginal utility falls as consumption rises.
Read the full explanation →Consider the following statements about impact of tax : 1. A tax is shifted forward to consumers if the demand is inelastic relative to supply. 2. A tax is shifted backward to producers if the supply is relatively more inelastic than demand. Which of the statements given above is/are correct?
- A.1 only
- B.2 only
- C.Both 1 and 2
- D.Neither 1 nor 2
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The burden of a tax falls more heavily on whichever side of the market is less elastic, the side that cannot easily walk away.
Read the full explanation →UBI, as an alternative for subsidies in poverty alleviation, stands for
- A.Union Basic Income
- B.Undefined Basic Income
- C.Unconditional Basic Income
- D.Universal Basic Income
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UBI is the idea of paying every citizen a fixed sum of money regularly, without conditions, in place of a large number of separate subsidies and welfare schemes.
Read the full explanation →Who among the following is the Chairman of the Fourteenth Finance Commission?
- A.C. Rangarajan
- B.Vijay Kelkar
- C.Y. V. Reddy
- D.Rakesh Mohan
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The Fourteenth Finance Commission, set up in 2013 for the award period 2015-2020, was chaired by Y. V. Reddy, a former Governor of the Reserve Bank of India.
Read the full explanation →Why was constitutional amendment needed for introducing GST?
- A.States were not willing to agree with the Union for introduction of GST without amendment in the Constitution.
- B.GST was to be implemented on concurrent base and Article 246 was inadequate for such a case.
- C.The Empowered Committee of Finance Ministers had recommended for constitutional amendment.
- D.The GST Council had recommended for constitutional amendment so that its power enhances.
Show answer
GST is levied by the Union and the States together on the same supply, and Article 246, which splits taxing powers between them through separate lists, did not allow such a concurrent tax.
Read the full explanation →