Indifference curves relating to supply of labour have a number of properties some of which are mentioned below 1. Indifference curves are downward slopping 2. Indifference curves are upward slopping 3. Higher indifference curves indicate lower levels of utility 4. Higher indifference curves indicate higher levels of utility 5. Indifference curves do not intersect 6. Indifference curves intersect 7. Indifference curves are concave to the origin 8. Indifference curves are convex to the origin Which among the following properties are not true?

Which of the following statements are true/ false?
1. With the decrease in wages, the opportunity cost of leisure decreases.
2. An income effect is associated with lower wages.
3. The market demand curve for a particular type of labour is the horizontal summation of the marginal revenue product of labour curves of every firm in the market for that type of labour.
4. The market supply of labour is the number of workers of a particular type and skill level who are willing to supply their labour to firm at different wages.

A

1, 3, 4 are true and 2 is 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

The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form acoherent paragraph.
P- The magnitude of the interdependence depends on the technique of production causing the shifts in the food supply curve.
Q- Interdependence of food and labour market is important for the development process.
R- Similarly, an upward shift in the food supply curve shifts up the food demand curve.
S- An upward shift in the food supply curve would simultaneously result in an upward shift in the labour demand curve.

A

QSPR

B

QPRS

C

PSRQ

D

SPQR

Consider the following statements about indifference curves: 1. Indifference curves are convex to the origin. 2. Higher indifference curve represents higher level of satisfaction. 3. Two indifference curves cut each other.Which of the statements given above is/are correct?

A

1 only

B

1 and 2

C

2 and 3

D

3 only

Which of the following statements are not true in relation to employment of contract labour in any establishment?
1. Supreme Court can abolish contract labour system in any establishment.
2. High Court can abolish contract labour and prohibit the principal employer from engaging contract labour where the government has not abolished the same.
3. An appropriate government and not the court can prohibit the employment of contract labour as per the provisions of law.
4. Neither the court nor the appropriate government can abolish the contract labour in any establishment.

A

1 and 2

B

1, 2 and 4

C

1, 2 and 3

D

All of the above

Which of the following statements are true/false?
1. Demands for goods is directly proportional to the labour market.
2. Marginal productivity is the addition made to the total production by subtracting one worker from the existing labour force.
3. Demand for labour is dependent on the elasticity of demand for product produced by the labour.
4. At higher wages, the demand for labour will be higher.

A

1, 2 are true and 3, 4 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 statements are true/false?
1. The International Labour Office is the permanent secretariat of the ILO.
2. Convention 182 regarding worst forms of Child Labour has been ratified by India.
3. International Labour Conference is also known as an international Parliament of labour.
4. International Labour Conference is a forum for discussion of key social and labour questions.
5. Trade Unions are involved in collecting wage data including fringe and personal benefits.
6. Strikes, boycotts and gheraos are militant functions of trade union.
7. Ministrant functions of trade unions involve providing financial support to members during strikes and lockouts.

A

1, 3 are true and 2, 4 are false

B

1, 2, 3 and 4 are true

C

2, 4 are true and 1, 3 are false

D

3, 4 are true and 2, 1 are false

From an alloy, two specimens are machined and tested separately under tension and compression. The engineering stress-strain curves as well as the true stress-true strain curves for tension and compression are plotted in the same diagram. Identify the correct statements:
P. The engineering stress-strain curves in tension and compression are identical.
Q. The true stress-true strain curve in compression is lower than the true stresstrue strain curve in tension due to Bauschinger effect.
R. The true stress-true strain curve in tension is above the corresponding engineering stress-strain, curve.
S. The true stress-true strain curve in tension and compression are identical.

A

P, Q

B

Q, R

C

Q, S

D

R, S

When labour is plotted on X-axis and capital is plotted on Y-axis and an isoquant is prepared, then which of the following statement(s) is/arefalse?
1. Marginal rate of technical substitution of labour for capital is equal to the slope of the iso-quant.
2. Marginal rate of technical substitution of labour for capital is equal to change in the units of capital divided by the change in the units of labour.
3. Marginal rate of technical substitution of labour for capital is the ratio of marginal productivity of capital to marginal productivity of labour.

A

Both 1 and 2

B

Only 3

C

Only 1

D

Only 2

What does 'Hierarchy of Authority' means?
1. The lower levels have to pursue the goals laid down by higher levels.
2. The upper levels of hierarchy set the goals to be pursued.
3. The upper level can not take disciplinary action against subordinates.
4. The lower levels have freedom to carry out the operations.
Select the correct answer:

A

Both 1 and 2

B

Both 2 and 3

C

Both 3 and 4

D

Both 1 and 4

Arrange the following developments in Labour Welfare Movement in the correct order from earliest to the latest.
1. Voluntary organisations engaged in labour welfare expanded in number and influences.
2. Trade unions fought to bring about an improvement in the working conditions of labour and to raise their status socially and economically.
3. Some enlightened employers took the initiative to improve the living and working conditions of labour.
4. The state tried through legislation to regulate and improve the lot of labour.

A

4, 3, 2, 1

B

3, 2, 4, 1

C

3, 4, 2, 1

D

1, 4, 3, 2