Which of the following statements are true/false?<br>1. The Minimum Wages Act, 1948 came into force on 15<sup>th</sup> March, 1948.<br>2. The State-Central Government has the power to appoint a central advisory board for the purpose of advising the Central and State Governments in the matters of the fixation and revision of minimum rates of wages.<br>3. The minimum rate of wages includes only cost of living allowance.<br>4. The minimum rates of wages may be fixed by the hour, day, month.

Correct Answer: 1, 4 are true and 2, 3 are false