Which of the following is/are not gain sharing plan(s)? 1. Scanlon Plan 2. Rucker Plan 3. Employee Stock Option Plan 4. Improshare Plan Select the correct answer:

Which of the following statements are true/false?
1. In case an employee whose minimum rate of wages is fixed under this Act, works overtime, the employer need not pay the money for the extra hours devoted by the employee.
2. If an employee whose minimum rate of wages has been fixed under this Act, works for a less number of hours than the requisite number of hours on a given day, he shall be entitled to receive wages in respect ofwork done by him on that day as ifhe had worked for a full normal working day.
3. In case an employee is involved in two or more classes of work, he shall be paid on the basis of pieces involved.
4. If an employee is employed on piece work for which minimum time rate and not a minimum piece rate has been fixed under this Act, the employer shall pay to such employee wages at not less than the minimum time rate.

A

1, 4 are true and 2, 3 are false

B

1, 3 are true and 2, 4 are false

C

2, 4 are true and 1, 3 are false

D

3, 4 are true and 2, 1 are false

Which of the following is correct in context of Minimum Wages Act, 1948?
1. In case an employee whose minimum rate of wages is fixed under this act, works overtime, the employer is bound to pay the money for the extra hours devoted by the employee.
2. In case an employee is involved in two or more classes of work, he shall be paid on the piece basis.
3. If an employee is employed on piece work for which minimum time rate and not a minimum piece rate has been fixed under this act, the employer shall pay to such employee wages at not less than the minimum time rate.

A

Both 1 and 3

B

Both 2

C

Both 3

D

Both 1 and 2

The following two statements relate to financial derivatives. Choose the correct answer for statements being correct or incorrect.
Statement I When an option is allowed to be exercised only on the maturity date, it is called an American option.
Statement II If the option holder does not lose or gain whether he exercise his option or buys or sells the asset form the market, the option is said to be at-the-money.

A

Statement I is correct, but Statement II is incorrect

B

Statement II is correct, but Statement I is incorrect

C

Both statements I and II are correct

D

Both statements I and II are incorrect

The profit – sharing ratio of two partners is 2 : 3 if another partner is added with 40% of the profit – sharing ratio and the profit – sharing ratio of the initial two partners remains the same. Find the new profit – sharing ratio.

A

5 : 7 : 9

B

6 : 7 : 9

C

6 : 8 : 9

D

6 : 9 : 10

Which of the following statements are true/ false?
1. Every employer shall be bound to pay to every employee in respect of the accounting year commencing on any day in the year 1979 and in respect of every subsequent accounting year, a minimum bonus which shall be 9.33% of the salary or wages earned by the employee during the accounting year or one hundred rupees, whichever is higher, whether or not the employer has any allocable surplus in the accounting year.
2. Bonus will be paid in cash to the employees.
3. If the allocable surplus exceeds the amount of minimum bonus payable to the employees, the employer is bound to pay to every employee in respect of that accounting year bonus which shall be an amount in proportion to the salary or wages earned by the employee during the accounting year subject to a maximum of 10% of such salary or wage.
4. Bonus needs to be paid within a period of eight months from the close of the accounting year.

A

1, 2, 3 and 4 are true

B

1, 3 are true and 2, 4 are false

C

2, 4 are true and 1, 3 are false

D

3, 4 are true and 2, 1 are false

Which of the following statements are true/false?
1. Gratuity shall be payable to an employee on the termination of his employment after he has rendered continuous service for not less than five years.
2. Each employee, who has completed one year of service, shall make nomination for the purpose of receiving gratuity.
3. For every completed year of service in excess of six months, the employer shall pay gratuity to an employee at the rate of fifteen day's wages based on the rate of wages last drawn by the employee concerned.
4. An employer who contravenes, or makes default in complying with, any of the provisions of the Payment of Gratuity Act shall be punishable with imprisonment for a term which may extend to one year, or with fine which may extend to twenty thousand rupees, or with both.

A

1, 2, 3 and 4 are true

B

1, 3 are true and 2, 4 are false

C

2, 4 are true and 1, 3 are false

D

3, 4 are true and 2, 1 are false

A company paid tk.500000 in merit raises to employees whose performances were rated A, B, or C. Each employee rated A received twice the amount of the rated C.each employee rated B received 150% of the amount of the raise thst was paid to each employee rated C. if 50 workers were rated A,100rated B and 150 were rated C, how much was the raise paid to each employee rated B?

A

Tk. 740

B

Tk. 1250

C

Tk. 1875

D

Tk. 2500

The employer has told the employee in the morning that when the employee leaves the office in the evening to go to his house, he should pick up Rs. 50,000 lying in the drawer of the employer and deliver the same of 'X', to whom the employer owes Rs. 50,000. At 12.00 noon, in the absence of the employer the employee picks up the money and absconds. The employee is liable to be charged for:

A

Criminal breach of trust

B

Cheating

C

Theft

D

Criminal misappropriation

The Scanlon plan of profit sharing gives utmost importance to . . . . . . . .

A

employee participation

B

employer's participation

C

both A and B

D

none of these

In stock option, a little chance exists for large gain on stock when price of stock

A

have volatile movement

B

moves freely

C

rarely moves

D

stays same