Compensation Management

Multiple Choice Multiple Answer Question Wage differentials are of following factors :Correct Answer Difference in labour efficiency , Social esteem , Occupation Your Answer Occupation , Difference in labour efficiency , Social esteem Select The Blank Question Life and Medical insurance or reimbursement of medical bills is considered as a part of ________. Correct Answer Perks Your Answer Social security Select The Blank Question Against the past practice of modest gradual increase applicable to all, with only marginal additional to the ________ performer. Correct Answer Good Your Answer Average Multiple Choice Single Answer Question Employees in the railways are entitled of payment of wages Act, 1936 who are drawing wages and salaries below :Correct Answer Rs. 1600/- a month Your Answer Rs. 1600/- a month Multiple Choice Multiple Answer Question Due to the paucity of relevant data on wage differentials, it is possible to analyze in

India :Correct Answer Wage structure , Pay structure , Salary structure Your Answer Wage structure , Pay structure , Salary structure Multiple Choice Multiple Answer Question Any imbalance in input-output relation in any incentive payment scheme can result in :Correct Answer Tension , Lower productivity , More absenteeism Your Answer Tension , Lower productivity , More absenteeism Multiple Choice Multiple Answer Question In India, Group incentive plans face problems like :Correct Answer High norms of standard work , Illiterate workforce , Numerous slabs in rate structure Your Answer High norms of standard work , Illiterate workforce , Numerous slabs in rate structure Multiple Choice Single Answer Question Differential piece rate system is based on :Correct Answer Dual rates for different efficiency levels Your Answer Dual rates for different efficiency levels Select The Blank Question In the history of Indian IT industry, the year 2001-2002 will be remembered as ________. Correct Answer Year of lay-offs Your Answer Year of lay-offs

Multiple Choice Single Answer Question The social structure of individual's life style is evident in the :Correct Answer Urban society Your Answer Urban society Multiple Choice Single Answer Question Rate range can be developed in many ways, one usually adopted is :Correct Answer Wage curve Your Answer Performance curve Multiple Choice Multiple Answer Question Documents useful for the purpose of wage analysis are :Correct Answer Wage sheets , Payroll , Accounting registers Your Answer Wage sheets , Payroll , Accounting registers Select The Blank Question There are many methods that an alive ________ management can creatively develop for employees rendered redundant through little forethought. Correct Answer HRD Your Answer HRD Select The Blank Question In Taylor differential piece rate system, high piece rate is applicable if ________. Correct Answer Output is above standard Your Answer Output is above standard

Multiple Choice Single Answer Question For a normal adult the net intake of calories should be :Correct Answer 2700 Your Answer 2600 Multiple Choice Multiple Answer Question In Compensation plans the following are taken into account :Correct Answer Cost of production , Reduction in expenses , Profits made Your Answer Reduction in expenses , Profits made , Cost of production True/False Question IT jobs still remain the best paying jobs in the country. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question Basic compensation systems are :Correct Answer Time rate system , Piece rate system Your Answer Time rate system , Piece rate system , Bonus Multiple Choice Multiple Answer Question Various enactments that are applicable to employees of organization are :Correct Answer Payment of Gratuity Act , Payment of Bonus Act , Employee's Provident Fund & Misc. Provisions Act Your Answer Payment of Gratuity Act , Payment of Bonus Act , Employee's Provident Fund &

Misc. Provisions Act Select The Blank Question Piece workers come under ________ class of workers. Correct Answer Semi - skilled Your Answer Unskilled Multiple Choice Single Answer Question Minimum wages are not to be fixed in an industry which employs less then how many employees in the entire state? Correct Answer 1000 Your Answer 900 True/False Question Within the factory group promotion is important. Correct Answer False Your Answer True Multiple Choice Multiple Answer Question In Payroll process, a Journal entry is treated as Control entry to :Correct Answer Book deductions effected during the month , Book expenses for the month on account of payroll , Make remittances to respective authorities Your Answer Give effect of unknown transactions in books of accounts , Book deductions effected during the month , Book expenses for the month on account of payroll Multiple Choice Single Answer Question Co-partnership system tries to :Correct Answer

Eliminate friction between capital and labour Your Answer Gives fixed share to workers True/False Question Indirect labour cost forms a part of overheads. Correct Answer True Your Answer True Match The Following Question Correct Answer Your Answer Top managers Non-financial benefits Non-financial benefits Workers Piece-rate Bonus Salesmen Commission Commission Managers Bonus Compensatory day-off Select The Blank Question ________ is that portion of Dearness Allowance which Government declares to be paid for all purposes. Correct Answer Dearness Pay Your Answer Dearness Pay Multiple Choice Multiple Answer Question A good incentive scheme should have :-

Correct Answer Elasticity , Parity , Less operational costs Your Answer Elasticity , Parity , Less operational costs Select The Blank Question ________ is the unique code allotted to each & every employee in the organization. Correct Answer Employee No. Your Answer Employee No. Multiple Choice Multiple Answer Question Apart from salaries, IT employees are giving importance to :Correct Answer Job content , Job security , Company image Your Answer Job security , Company image , Foreign trips Multiple Choice Multiple Answer Question Major components of compensation :Correct Answer Salary , Basic salary , Consolidated salary Your Answer Salary , Basic salary , Consolidated salary Match The Following Question Correct Answer Your Answer Under E.S.I., employer's contribution 0.0475 0.0475 Under E.S.I. employee's contribution 0.0175 0.0175 Employee Pension Scheme is 8.33% of Employer

Employer Employer & Employee Contribution under E.P.F. 0.12 0.12 Select The Blank Question The wages of workers not present at the time of payment disbursement should be entered into ________. Correct Answer Undisbursed wage register Your Answer Undisbursed wage register Multiple Choice Multiple Answer Question Components of wage & salary are :Correct Answer Basic wage , Overtime wage , Dearness allowance Your Answer Basic wage , Overtime wage , Dearness allowance Multiple Choice Single Answer Question Basic purpose of Wage and Salary administration is to establish and maintain an equitable :Correct Answer Wage and Salary structure Your Answer Wage and Salary structure True/False Question Performance standards & norms for incentive payments should be set up high for better results. Correct Answer False Your Answer False True/False

Question To maintain best manpower in the organization, Management Incentive Plan based on the individual performance is necessary. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question Salient features of profit-sharing are :Correct Answer Agreement is voluntary , Payment may be in cash / stock of future credits , Computation on the basis of some agreed formula Your Answer Agreement is voluntary , Payment may be in cash / stock of future credits , Remuneration on the basis of efficiency Multiple Choice Multiple Answer Question In dotcom companies, there is :Correct Answer Direct interaction with customers and client organizations , Reduction of capital cost , Huge no of employees Your Answer Direct interaction with customers and client organizations , Reduction of capital cost , Huge no of employees Select The Blank Question ________ had a decisive influence on the wage structure & wage level. Correct Answer Managerial attitude Your Answer Market focus True/False Question Wage and salary administration should be controlled by some proper agency. Correct Answer True

Your Answer False Multiple Choice Single Answer Question The human relations are determined by :Correct Answer Human attitudes Your Answer Human attitudes Multiple Choice Single Answer Question If the ranking plan is used the grade consists of a specific number of :Correct Answer Ranks Your Answer Points Select The Blank Question ________ is a source document for preparation of wage sheet. Correct Answer Attendance Register Your Answer Attendance Register True/False Question Contribution to the Provident Funds are made at certain rate or certain percentage of salary of employee, only by the Employer. Correct Answer False Your Answer False True/False Question Incentive schemes should be installed right from beginning of production. Correct Answer False

Your Answer True Multiple Choice Single Answer Question Time spent by same worker on various jobs is recorded on daily basis in :Correct Answer Daily time sheet. Your Answer Job card. LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Multiple Choice Single Answer Question In Payroll process, Cost of Living Index provides the basis for calculating :Correct Answer D.A. Your Answer HRA Multiple Choice Single Answer Question In developmental phase, the dotcom companies concentrate on :Correct Answer Building brand Your Answer Building brand Multiple Choice Single Answer Question Indirect compensation mainly acts as :Correct Answer Maintenance factor Your Answer Motivating factor Select The Blank Question

compensation should be ________ efficiency & result . Correct Answer Directly proportional Your Answer Directly proportional Match The Following Question Correct Answer Your Answer Merric's multiple piece rate plan Low piece rate for slow workers and high piece rate for higher production Payment for time saved Emerson efficiency plan Gradual increase in remuneration based on efficiency Gradual increase in remuneration based on efficiency Co-partnership system Sharing profits undertaking Sharing profits undertaking Taylor's differential piece-rate plan No fear of wage cut Low piece rate for slow workers and high piece rate for higher production Multiple Choice Single Answer Question The expenditure on medical treatment and stay abroad will be exempt only to the extent permitted by :Correct Answer Reserve Bank of India Your Answer State Government Multiple Choice Multiple Answer Question Extent of employees turnover depends upon :Correct Answer Type of industry , Male to female ratio , Physical conditions within organisation Your Answer Type of industry , Male to female ratio , Physical conditions within organisation Multiple Choice Single Answer

Question At germination stage, to attract and retain talent, dotcom companies offer : Correct Answer Stock option Your Answer Stock option True/False Question Wage & salary are also subject to a variety of legislation & in this context, compliance with existing legislative measure is very important. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question Rate of crime is very high in :Correct Answer Industrial towns , Industrial cities , Industrial districts Your Answer Industrial towns , Industrial cities , Industrial districts Multiple Choice Single Answer Question The persons working in multinational companies occupying the higher positions in hierarchy enjoy :Correct Answer Lavish life-style Your Answer Expensive life-style Multiple Choice Single Answer Question When a dotcom company starts earning profits, promoters are focused on the launch of:Correct Answer IPO Your Answer New business deals

Multiple Choice Multiple Answer Question For the valuation of rent free accommodation, 'Salary' includes : Correct Answer D A , Bonus , Education Allowance Your Answer Gratuity , D A , Bonus True/False Question Provident fund is component of gross earnings. Correct Answer False Your Answer True Select The Blank Question ________ are assured of a stable amount of money. Correct Answer Employees Your Answer Employers Select The Blank Question Generally, the strong & more powerful is the trade union, the ________ are the wages. Correct Answer Higher Your Answer Higher Multiple Choice Single Answer Question Travel & Tourism agencies is an example of :Correct Answer Hospitality industries Your Answer Hospitality industries

Multiple Choice Single Answer Question In post IPO stage, dotcom company gives its employees :Correct Answer Balanced total reward package Your Answer Stock options Multiple Choice Single Answer Question In recent times, in addition to stock options, employees of dotcom companies are demanding :Correct Answer Cash bonus Your Answer Cash bonus Multiple Choice Single Answer Question Dotcom companies were founded to go beyond :Correct Answer Physical business Your Answer Physical business Multiple Choice Multiple Answer Question Salesmen are usually given incentives in the form of sales commission because of :Correct Answer Unsupervised nature of most sales work , Tradition in the market , Assumption that incentives are needed to motivate salesman Your Answer Unsupervised nature of most sales work , Tradition in the market , Assumption that incentives are needed to motivate salesman Multiple Choice Multiple Answer Question Following are causes of idle time of labour pertaining to administration :Correct Answer

Poor management , Management policy Your Answer Failure of electricity. , Poor management , Management policy True/False Question Incentive payments should be made at the end of fiscal year. Correct Answer False Your Answer False Multiple Choice Multiple Answer Question Source documents for preparations of wages are :Correct Answer Daily time sheet , Weekly time sheet. , Attendance register. Your Answer Daily time sheet , Weekly time sheet. , Attendance register. Multiple Choice Multiple Answer Question Incentive schemes suffer because of :Correct Answer Tendency among workers to sacrifice quality technology , Disregard for safety regulations Your Answer Tendency among workers to sacrifice quality technology , Disregard for safety regulations

for quantity , Rapid progress in by workers for quantity , Rapid progress in by workers

Multiple Choice Multiple Answer Question Employees are paid incentives on 'Output' basis if :Correct Answer Units of output can be measured , Direct relationship between employee efforts and quantity of output , Jobs are standardised Your Answer Units of output can be measured , Direct relationship between employee efforts and quantity of output , Jobs are standardised True/False

Question In piece rate & time rate combination, if payment is calculated on the basis of piece rate guaranteed and if number of pieces fall below the minimum wages guaranteed, he is paid by time rate (T). Correct Answer True Your Answer True True/False Question Equal remuneration Act, 1976 discriminates on the ground of sex against women in the matter of employment. Correct Answer False Your Answer False Multiple Choice Single Answer Question In metropolitan towns boys and girls are generally marring at the age of :Correct Answer 25 to 35 Your Answer 25 to 35 Multiple Choice Single Answer Question In high profit making organisation compensation paid is relatively:Correct Answer Higher Your Answer Higher Select The Blank Question Gross Earnings - Deductions equals ________. Correct Answer Net Earnings Your Answer Net Earnings

Match The Following Question Correct Answer Your Answer Bonus to top management Overall corporate results Overall corporate results Time' incentive plan Delays in work are frequent Unsupervised nature of job Output' Incentive plan Units of output are measurable Units of output are measurable Commission' to salesmen Unsupervised nature of job Group incentive Multiple Choice Single Answer Question If the employment is merely incidental to the exercise of a profession, the gains from such employment would be :Correct Answer Professional earnings Your Answer Professional earnings Multiple Choice Multiple Answer Question Which of the following are used to compensate major executives? Correct Answer Straight salaries , Bonuses , Profit sharing Your Answer Straight salaries , Bonuses , Profit sharing Multiple Choice Multiple Answer Question Article 43 reads: State shall endeavour to secure by suitable legislation to all :Correct Answer Agricultural workers , Industrial , Working in a living wage Your Answer

Agricultural workers , Industrial , Working in a living wage Select The Blank Question ________ cost do not vary much in proportion to output or volume of production. Correct Answer Direct Labour Your Answer Direct Labour Multiple Choice Multiple Answer Question The characteristics of profit sharing plan are :Correct Answer Profits are payable at long intervals , Payments to employees are uncertain , Payment is regarded sometimes as windfall gain Your Answer Profits are payable at long intervals , Payments to employees are uncertain , Payment is regarded sometimes as windfall gain Multiple Choice Multiple Answer Question Broad groups may be illustrated within manufacturing as :Correct Answer Managerial , Clerical , Factory Your Answer Managerial , Clerical , Factory Multiple Choice Single Answer Question Wages of security men in a production unit comes under :Correct Answer Indirect labour Your Answer Indirect expenses Multiple Choice Single Answer Question Wage Policy is of great concern to :Correct Answer Labour Management & Govt.

Your Answer Labour Management & Govt. Select The Blank Question After deducting depreciation and initial or development rebate from profit, we arrive at ________. Correct Answer Surplus profit Your Answer Surplus profit True/False Question Education expenses on employee's family members paid or reimbursed by the employer are not taxable. Correct Answer False Your Answer True Select The Blank Question Casual workers comes under ________ class of workers. Correct Answer Unskilled Your Answer Unskilled Select The Blank Question Employee's State Insurance Act, ________ is a pioneering measure in the field of social insurance of our country. Correct Answer 1948 Your Answer 1948 Select The Blank Question ________ are also aid to executives a certain percentage of the profits.

Correct Answer Bonuses Your Answer Bonuses True/False Question Trade unions do affect rate of wages. Correct Answer True Your Answer False Multiple Choice Single Answer Question In the 60's salaries of Bargainable workers increased due to :Correct Answer Success of Union Your Answer Success of Union Select The Blank Question ________ is that portion of Dearness Allowance which Government declares to be paid for all purposes. Correct Answer Dearness Pay Your Answer P F contribution Multiple Choice Multiple Answer Question Differential piece rate system is suitable where :Correct Answer Fixed costs are higher in proportion to veriable cost , It is possible to count production accurately , There are standardised methods of production Your Answer Fixed costs are higher in proportion to veriable cost , It is possible to count production accurately , There are standardised methods of production Multiple Choice Multiple Answer

Question The aim of a wage & salary policy is :Correct Answer To recognize the value of each job , Provide stability in earning Your Answer To recognize the value of each job , Provide stability in earning , Allow individual to reach partial earning potential Multiple Choice Single Answer Question The total of direct material, direct labour, direct expenses is called :Correct Answer Prime cost Your Answer Prime cost True/False Question E.S.I. Act does make a distinction between technical and non-technical employees. Correct Answer False Your Answer True Select The Blank Question Wages have at least ________ connotations from stand points of employers and employees. Correct Answer 2 Your Answer 4 Multiple Choice Single Answer Question In graduated time rates system, if basic salary is Rs.2000 and dearness allowance is 150% then total remuneration will be :Correct Answer Rs.5000/Your Answer Rs.5000/-

Multiple Choice Single Answer Question Following is method of time booking :Correct Answer Daily time sheet. Your Answer Time recording clock. Multiple Choice Single Answer Question Work study department is engaged in activities like determining :Correct Answer Standard procedure Your Answer Standard procedure Select The Blank Question Cost of employee welfare activities comes under ________ cost. Correct Answer Preventive Your Answer Direct labour Multiple Choice Single Answer Question Advantage of maintaining hand written register for attendance is :Correct Answer Easy to operate. Your Answer Easy to operate. True/False Question Wage & salary are also subject to a variety of legislation & in this context, compliance with existing legislative measure is very important. Correct Answer True Your Answer True

Select The Blank Question In Taylor differential piece rate system, high piece rate is applicable if ________. Correct Answer Output is above standard Your Answer Output is above standard Multiple Choice Single Answer Question The expenditure on medical treatment and stay abroad will be exempt only to the extent permitted by :Correct Answer Reserve Bank of India Your Answer State Government True/False Question Taylor differential piece rate system is difficult to understand and implement. Correct Answer False Your Answer False Multiple Choice Multiple Answer Question Apart from salaries, IT employees are giving importance to :Correct Answer Job content , Job security , Company image Your Answer Job content , Job security , Company image Multiple Choice Multiple Answer Question Following are causes of idle time of labour pertaining to production, Correct Answer Failure of electricity. , Breakdown of machinery Your Answer Failure of electricity. , Seasonal nature of demand. , Breakdown of machinery

True/False Question The payment of profit sharing plan is of uncertain nature because of uncertainty of profits to the company. Correct Answer True Your Answer True True/False Question Indirect labour cost are distributed on a basis of suitable proportion. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question In Compensation plans the following are taken into account :Correct Answer Cost of production , Reduction in expenses , Profits made Your Answer Cost of production , Reduction in expenses , Profits made , Losses incurred Select The Blank Question In Gantt task plan of compensation, if output is below standard, then worker gets payment as per ________. Correct Answer Time rate Your Answer Time rate Select The Blank Question ________ generated out of payroll system shows amounts of debits and credits. Correct Answer Journal entry Your Answer

Journal entry True/False Question If an employee pays fees for attending some management course, the fees can be allowed for deduction from salary income. Correct Answer False Your Answer True Multiple Choice Multiple Answer Question Jobs are graded according to the relative skill :Correct Answer Effort , Responsibility , Calculations Your Answer Effort , Responsibility , Calculations Multiple Choice Single Answer Question In recent times, in addition to stock options, employees of dotcom companies are demanding :Correct Answer Cash bonus Your Answer Annual increments Multiple Choice Multiple Answer Question The characteristics of profit sharing plan are :Correct Answer Profits are payable at long intervals , Payments to employees are uncertain , Payment is regarded sometimes as windfall gain Your Answer Profits are payable at long intervals , Payments to employees are uncertain , Payment is based on merit Multiple Choice Multiple Answer Question Following are the forms of the cost of replacement :-

Correct Answer Cost of advertisement for recruitment , Cost of conducting interviews , Cost of interruption in production Your Answer Cost of advertisement for recruitment , Cost of conducting interviews , Cost of retirement benefits Multiple Choice Single Answer Question Towns are getting converted into cities and cities into :Correct Answer Metro Your Answer Metro Multiple Choice Single Answer Question Aggregate costs change, if there is change in volume of output in case of :Correct Answer Marginal cost Your Answer Standard costing Multiple Choice Single Answer Question For designing profit sharing plan, the company has to first :Correct Answer Determine organisation's profit for year Your Answer Determine organisation's profit for year Multiple Choice Single Answer Question Cost of labour minute operation is available from :Correct Answer Job cards. Your Answer Time study sheet. Select The Blank Question

Life and Medical insurance or reimbursement of medical bills is considered as a part of ________. Correct Answer Perks Your Answer Perks Multiple Choice Multiple Answer Question For adequate and effective internal check on disbursement of wages, these factors are important :Correct Answer Proper time recording , Proper record of output by workers , Well-defined terms of remuneration and incentive schemes Your Answer Proper time recording , Proper record of output by workers , Proper knowledge of workers language Match The Following Question Correct Answer Your Answer Remuneration Employees Managers Wage Differentials Three categories Employees Mathematical tables Calculations Calculations Elements of good Wage Plan Two Three categories True/False Question Any other amenity or service excluded from the computation of wages by a general or special order of appropriate Govt. Correct Answer False

Your Answer True Select The Blank Question There are ________ basic traditional system of job evaluation. Correct Answer 4 Your Answer 4 Select The Blank Question The scanlon plan of profit sharing gives utmost importance to ________. Correct Answer Employee participation Your Answer Employee participation Multiple Choice Multiple Answer Question Group incentive plans may not become successful due to :Correct Answer Unevenness of performance of different members of groups , Ill-feeling among group members , No recognition for individual performance Your Answer Unevenness of performance of different members of groups , Ill-feeling among group members , Unstable group production levels Select The Blank Question ________ is a source document for preparation of wage sheet. Correct Answer Attendance Register Your Answer Attendance Register True/False Question Incentive schemes should be installed right from beginning of production. Correct Answer

False Your Answer True True/False Question Performance standards & norms for incentive payments should be set up high for better results. Correct Answer False Your Answer True Multiple Choice Single Answer Question In post IPO stage, dotcom company gives its employees :Correct Answer Balanced total reward package Your Answer Balanced total reward package Select The Blank Question After deducting depreciation and initial or development rebate from profit, we arrive at ________. Correct Answer Surplus profit Your Answer Surplus profit Match The Following Question Correct Answer Your Answer Bonus to top management Overall corporate results Overall corporate results Time' incentive plan Delays in work are frequent Technological advancement Output' Incentive plan

Units of output are measurable Units of output are measurable Commission' to salesmen Unsupervised nature of job Unsupervised nature of job Multiple Choice Multiple Answer Question Job analysis describes :Correct Answer Duties , Responsibilities , Working conditions Your Answer Duties , Responsibilities , Working conditions True/False Question Surprise check on calculation & disbursement of payments is necessary to avoid any fraud. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question Time rate systems are :Correct Answer Ordinary level , High wage level , Graduated time rates Your Answer Ordinary level , High wage level , Graduated time rates Question : SEBI has taken an action to ban on Badla. Answer : True Question : As per the reports and the letter of intent filed with SEBI, what amount is expected to be paid from the primary market during this year? Answer:15000 crores Question :SEBI cannot investigate the affairs of mutual funds and their trustees and asset management companies. Answer:False Question :A mutual fund scheme shall not invest more than ________ of its NAV in unrated debt by a single issuer.

Answer:0.1 Question :Securities offered in a pledge can change if a ________ agrees. Answer:Pledgee Question :A bidder can request for a transaction registration slip as the proof of his having entered the bid. Answer:True Question :SENSEX is calculated using ________ method. Answer:Market capitalization Question :AA rated companies can raise ________ of its net worth. Answer:2.5 times Question :In the book building process pricing is determined on the basis of ________. Answer:Investor feedback Question :What is Sweat equity ? Answer:Equity shares issued by the company to the employees , Issued to directors at a discount , For consideration other than cash for providing now Question :An AMC fees :Answer:To be borne by the individual schemes Question :What are the objectives of NHB? Answer:To promote, establish, aid in promotion and support of housing finance institutions , To make loans advances or render any other form of financial assistance to focusing finance institutions , To guarantee financial obligations Question :What are participatory notes? Answer:Instruments used by foreign funds , Instruments used but investors not register with SEBI , Investors interested in taking exposure in Indian securities Question : When can an offer be withdrawn? Answer: Statutory approvals refused , Sole acquirer being person died , Circumstances as in opinion of board Question :MIBOR is a security. Derivatives based on this interest rate have legal recognition under SCRA. Answer:False Question :For issues upto Rs. 50 crores the number of lead managers will not exceed ________. Answer:2 Question -----Correct Answer Share buy back is a way of--Returning surplus cash to the shareholders

Dutch Auction ---Price of the Buy back is done by the shareholders Open market purchases--No minimum price stipulation Companies holding more than 90% equity --Can be delisted

Question :Under section 11 B of SEBI act how many issuers were debarred? Answer:1 Question :The continuing growth in ________ was one of the factors that contributed to the growth of credit rating. Answer:Information technology Question :What was the turning point in the working of Indian capital markets? Answer:Establishment of NSE Question :What do you understand by capital markets ? Answer:Market for long term funds and investments in long term instruments Question :In February 2004, UTI sought permission of SEBI to prematurely close ________ schemes. Answer:7 Question :What are the limitations of refinance facility? Answer:Cannot exceed 5 times NOF , Not to exceed 50% of total Loan funds of HFC's , Not to exceed 15 % of NOF of NHB Question :What is the amount invested by the FII's in the Indian Capital market? Answer:US$14 bn Question :The buy back of shares by Indian corporates has been very successful in India. Answer:False Question :The NSE Nifty index comprises of ________companies. Answer:50 Question :Who is required to make a public announcement ? Answer:Acquirer Question :What are the norms for Approval of Housing finance companies by NHB? Answer:Minimum paid up capital 1 crore , At least 2 directors , Any appointment of auditors Question :What are the major factors influencing portfolio decisions? Answer:Investor characteristics , Liquidity needs and tax considerations , Investment and interest rate risk Question :What was the reason for not introducing rolling settlements earlier in India? Answer:Lack of depositories

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

True/False Question An employee gets deduction to the extent, professional tax paid by him from income chargeable under 'salaries'. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question Following are the forms of the cost of replacement :Correct Answer Cost of advertisement for recruitment , Cost of conducting interviews , Cost of interruption in production Your Answer Cost of conducting interviews , Cost of interruption in production , Cost of advertisement for recruitment Multiple Choice Multiple Answer Question Cost accounting department analyze payroll for the purpose of revealing :Correct Answer Normal and abnormal idle time , Direct & indirect labour , Variance from budgeted costs Your Answer Normal and abnormal idle time , Direct & indirect labour , Time standards True/False Question With about 2-5 years of experience, an employee can move upto manager level from executive level in IT industry. Correct Answer True Your Answer True

Multiple Choice Multiple Answer Question Differential piece rate system is suitable where :Correct Answer Fixed costs are higher in proportion to veriable cost , It is possible to count production accurately , There are standardised methods of production Your Answer Fixed costs are higher in proportion to veriable cost , It is possible to count production accurately , There are standardised methods of production Multiple Choice Multiple Answer Question Extent of employees turnover depends upon :Correct Answer Type of industry , Male to female ratio , Physical conditions within organisation Your Answer Type of industry , Male to female ratio , Physical conditions within organisation Multiple Choice Single Answer Question In recent times, in addition to stock options, employees of dotcom companies are demanding :Correct Answer Cash bonus Your Answer Cash bonus Multiple Choice Single Answer Question The wage structure or grade is comprised of jobs of appropriately equal difficulty or importance as determined by :Correct Answer Job evaluation Your Answer Job evaluation Match The Following Question Correct Answer Your Answer Cost accounting Dept.

Accumulation & classification all cost data Accumulation & classification all cost data Personnel Dept. Selection & training of employees. Preparation of drawings Payroll Dept. Maintain record of wage rate of each employee. Maintain record of wage rate of each employee. Engineering Dept. Preparation of time & motion studies Time keeping Multiple Choice Multiple Answer Question Salient features of profit-sharing are :Correct Answer Agreement is voluntary , Payment may be in cash / stock of future credits , Computation on the basis of some agreed formula Your Answer Agreement is voluntary , Payment may be in cash / stock of future credits , Computation on the basis of some agreed formula Multiple Choice Multiple Answer Question Following are economic causes of idle time of labour :Correct Answer Trade cycles. , Non availability of working capital. Your Answer Poor management. , Break down of machinery. , Trade cycles. True/False Question Incentive schemes sometimes lead to jealousies and misunderstanding among the workers. Correct Answer True Your Answer True Multiple Choice Single Answer Question

Employees in the railways are entitled of payment of wages Act, 1936 who are drawing wages and salaries below :Correct Answer Rs. 1600/- a month Your Answer Rs. 1600/- a month True/False Question Any contribution to pension, provident fund or a scheme of social security etc. amounts to wages. Correct Answer False Your Answer True Select The Blank Question Payment to out workers is done on ________ basis. Correct Answer Monthly Your Answer Daily Multiple Choice Single Answer Question For a normal adult the net intake of calories should be :Correct Answer 2700 Your Answer 2700 Multiple Choice Multiple Answer Question The characteristics of profit sharing plan are :Correct Answer Payments to employees are uncertain , Payment is regarded sometimes as windfall gain , Profits are payable at long intervals Your Answer Profits are payable at long intervals , Payments to employees are uncertain , Payment is regarded sometimes as windfall gain

Multiple Choice Single Answer Question By using straight piece rate system of compensation output :Correct Answer Increases Your Answer Increases Multiple Choice Multiple Answer Question Apart from salaries, IT employees are giving importance to :Correct Answer Job content , Job security , Company image Your Answer Job content , Job security , Company image Select The Blank Question From economic and ________ point of view woman was subject to man. Correct Answer Social Your Answer Social Multiple Choice Single Answer Question Gate time keeping helps for :Correct Answer Payroll preparations. Your Answer Ascertaining labour cost of each job. Select The Blank Question Overtime payment given to the worker due to inefficiency of other department is charged to ________. Correct Answer Responsible Department Your Answer Job

Select The Blank Question There are many methods that an alive ________ management can creatively develop for employees rendered redundant through little forethought. Correct Answer HRD Your Answer Personnel True/False Question Equal remuneration Act, 1976 discriminates on the ground of sex against women in the matter of employment. Correct Answer False Your Answer False Multiple Choice Multiple Answer Question Level II in junior managers comprises of :Correct Answer Engineers , Officers , Senior Engineers Your Answer Engineers , Officers , Senior Engineers Multiple Choice Single Answer Question Better production planning & control is facilitated through :Correct Answer Job cards. Your Answer Daily time sheet. Select The Blank Question Ratio of number of persons over 4 years of service at present to present total employees is called ________ Correct Answer Skill dilution index

Your Answer Skill wastage index Select The Blank Question Generally, the strong & more powerful is the trade union, the ________ are the wages. Correct Answer Higher Your Answer Higher Multiple Choice Single Answer Question In post IPO stage, dotcom company gives its employees :Correct Answer Balanced total reward package Your Answer Stock options True/False Question Provident fund is component of gross earnings. Correct Answer False Your Answer True Match The Following Question Correct Answer Your Answer Remuneration Employees Two Wage Differentials Three categories Employees Mathematical tables Calculations Calculations

Elements of good Wage Plan Two Four Categories Select The Blank Question ________ is the unique code allotted to each & every employee in the organization. Correct Answer Employee No. Your Answer Employee No. True/False Question Monitory payment often act as motivators and satisfiers interdependently of other job factors. Correct Answer True Your Answer True Multiple Choice Single Answer Question In high profit making organisation compensation paid is relatively:Correct Answer Higher Your Answer Higher Multiple Choice Multiple Answer Question Components of deductions in salary are :Correct Answer E.S.I. , Housing loan installment. Your Answer Basic salary. , E.S.I. , House rent allowance Multiple Choice Single Answer Question Long-term wage Incentive plans are useful, where :Correct Answer

Jobs are inter-related Your Answer Jobs are inter-related Multiple Choice Single Answer Question In piece rate and time rate combination system, if piece rate earning constantly fall below minimum guaranteed payment, labour cost :Correct Answer Increases Your Answer Decreases True/False Question Rate of change in the working force of an organisation during a period of time is known as employee turnover. Correct Answer True Your Answer True Multiple Choice Single Answer Question Reward may be money or promotion, but more likely it will be some pay-off -a smile, and :Correct Answer Acceptance by peer Your Answer Acceptance by peer Multiple Choice Multiple Answer Question Bonus, as the incentive to managers is determined :Correct Answer By formula , By discretion used in allocation of bonus Your Answer By formula , By discretion used in allocation of bonus , By Board of Directors Select The Blank Question

________ refers to compensation programmes that allow employees to choose the type and quantity of reward desired by him during the year. Correct Answer Cafeteria style compensation Your Answer Non-monetary rewards True/False Question Overtime paid for uncontrollable reasons is charged to Profit and Loss Account. Correct Answer True Your Answer True True/False Question Economic system does result in the concentration of wealth. Correct Answer False Your Answer True Multiple Choice Single Answer Question As industrialization taking place, the family values have :Correct Answer Changed Your Answer Changed Multiple Choice Multiple Answer Question Objectives laid down by I.L.O. are :Correct Answer Abolish malpractices , Abuse in wage payment , Promote Trade Union Your Answer Abolish malpractices , Abuse in wage payment , Promote Trade Union Select The Blank Question

Today there is strong competition for acquiring as much ________ as possible. Correct Answer Wealth Your Answer Wealth Multiple Choice Multiple Answer Question To make Scanlon plan successful, there should be :Correct Answer Stable product lines and costs , Strong commitment to plan , Healthy labour relations Your Answer Stable product lines and costs , Strong commitment to plan , Healthy labour relations LIST OF ATTEMPTED QUESTIONS AND ANSWERS

True/False Question Surprise check on calculation & disbursement of payments is necessary to avoid any fraud. Correct Answer True Your Answer True Multiple Choice Single Answer Question Dotcom companies were founded to go beyond :Correct Answer Physical business Your Answer National boundaries Select The Blank Question Piece workers come under ________ class of workers. Correct Answer

Semi - skilled Your Answer Unskilled Select The Blank Question Persons interested in enhancing their reputations and receiving recognition may respond to ________. Correct Answer Verbal praise Your Answer Decision making authority True/False Question Direct labour costs are included in cost of production of each unit. Correct Answer True Your Answer True Multiple Choice Single Answer Question In co-partnership Incentive system, there is division of :Correct Answer Surplus profit Your Answer Surplus profit Multiple Choice Single Answer Question Wage & salary administration refers to the establishment and implementation of sound policies and practices of employee :Correct Answer Compensation Your Answer Compensation Multiple Choice Single Answer Question Remuneration paid for the service of the labour in production is :-

Correct Answer Wage Your Answer Wage Multiple Choice Multiple Answer Question Which of the following are used to compensate major executives? Correct Answer Straight salaries , Bonuses , Profit sharing Your Answer Straight salaries , Bonuses , Profit sharing Multiple Choice Single Answer Question Carpenters engaged in cutting of wood in a furniture making shop is an example of :Correct Answer Direct labour Your Answer Direct labour Select The Blank Question Employee's State Insurance Act, ________ is a pioneering measure in the field of social insurance of our country. Correct Answer 1948 Your Answer 1948 Multiple Choice Multiple Answer Question Following are avoidable causes of employees turnover :Correct Answer Unsatisfactory pay package , Absence of job satisfaction Your Answer Unsatisfactory pay package , Better prospects outside , Absence of job satisfaction Match The Following Question

Correct Answer Your Answer Francis A Walker 1840 - 1897 1849 - 1883 David Ricardo 1772 - 1823 1723 - 1790 Adam Smith 1723 - 1790 1728 - 1794 Karl Marx 1849 - 1883 1772 - 1823 Multiple Choice Single Answer Question Marriages were supposed to be made in :Correct Answer Heaven Your Answer Heaven Multiple Choice Multiple Answer Question Wage differentials are of following factors :Correct Answer Difference in labour efficiency , Social esteem , Occupation Your Answer Difference in labour efficiency , Social esteem , Occupation Multiple Choice Multiple Answer Question In India, Group incentive plans face problems like :Correct Answer High norms of standard work , Illiterate workforce , Numerous slabs in rate structure Your Answer Numerous slabs in rate structure , High norms of standard work , Illiterate workforce

Multiple Choice Single Answer Question HR or Personnel department realises the relative worth of jobs by :Correct Answer Job evaluation Your Answer Job evaluation Multiple Choice Multiple Answer Question Scanlon plan of profit sharing aims at :Correct Answer Reduction of cost of operation of increased production , Sharing in gains , Workers participation Your Answer Workers participation , Reduction of cost of operation of increased production , Sharing in gains Select The Blank Question Ratio of number persons over 4 years of service at present to total employed 4 years ago is called ________ Correct Answer Skill wastage index Your Answer Skill wastage index Multiple Choice Single Answer Question To minimize disparity in wages & levels, following act is passed :Correct Answer Minimum wages Act Your Answer Minimum wages Act Multiple Choice Single Answer Question In developmental phase, the dotcom companies concentrate on :Correct Answer Building brand Your Answer

Launching IPO Multiple Choice Multiple Answer Question Employees are paid incentives on 'Output' basis if :Correct Answer Units of output can be measured , Direct relationship between employee efforts and quantity of output , Jobs are standardised Your Answer Units of output can be measured , Direct relationship between employee efforts and quantity of output , Jobs are standardised Select The Blank Question Compensation system should reduce ________. Correct Answer Employee turnover Your Answer Overheads Multiple Choice Multiple Answer Question Article 43 reads: State shall endeavour to secure by suitable legislation to all :Correct Answer Agricultural workers , Industrial , Working in a living wage Your Answer Agricultural workers , Industrial , Working in a living wage Select The Blank Question To perform a ________ function by way of determining the social status of workers. Correct Answer Social Your Answer Social True/False Question If workers do not understand relationship between performance and rewards, incentive plans cannot motivate workers.

Correct Answer True Your Answer True Multiple Choice Single Answer Question Sequence of operations for a job is clear in case of :Correct Answer Job cards. Your Answer Daily time sheet. Multiple Choice Multiple Answer Question Level II in senior managers include or comprises of :Correct Answer General Manager , Senior General Manager , Deputy General Manager Your Answer General Manager , Senior General Manager , Deputy General Manager Multiple Choice Single Answer Question Group incentive plans are best suited for :Correct Answer Small work groups Your Answer Small work groups Select The Blank Question compensation should be ________ efficiency & result . Correct Answer Directly proportional Your Answer Directly proportional True/False Question IT jobs still remain the best paying jobs in the country. Correct Answer

True Your Answer True Match The Following Question Correct Answer Your Answer Good compensation system Avoid exploitation Avoid exploitation High demand & Low supply High compensation High compensation Equal work Equal pay Equal pay Unskilled worker Lower compensation Lower compensation Select The Blank Question If the idle time is controllable and normal, its cost is treated as ________ cost. Correct Answer Indirect Your Answer Direct Select The Blank Question Life and Medical insurance or reimbursement of medical bills is considered as a part of ________. Correct Answer Perks Your Answer Perks True/False Question Overtime paid because of inefficiency of other department is charged to the job.

Correct Answer False Your Answer True Multiple Choice Single Answer Question Effectiveness of incentive system is ascertained with the help of :Correct Answer Efficiency report. Your Answer Efficiency report. Multiple Choice Multiple Answer Question Demerits of time rate system at ordinary level are :Correct Answer No distinction between efficient and inefficient workers at regards output , Increase the cost of production in case of low productivity Your Answer No distinction between efficient and inefficient workers at regards output , Increase the cost of production in case of low productivity , Simple to understand Multiple Choice Multiple Answer Question Job analysis describes :Correct Answer Duties , Responsibilities , Working conditions Your Answer Duties , Responsibilities , Working conditions Multiple Choice Multiple Answer Question A good incentive scheme should have :Correct Answer Elasticity , Parity , Less operational costs Your Answer Elasticity , Parity , Less operational costs True/False Question

Employee turnover rate focuses on stability of employee in the organisation. Correct Answer False Your Answer True Multiple Choice Multiple Answer Question Employees cost to the company includes :Correct Answer Basic wages , Incentives Your Answer Cost of personnel administration , Basic wages , Dearness allowance True/False Question The cost of time lost in strikes is charged to Profit & Loss Account. Correct Answer True Your Answer False Multiple Choice Single Answer Question When a dotcom company starts earning profits, promoters are focused on the launch of:Correct Answer IPO Your Answer New business deals Multiple Choice Single Answer Question The total of direct material, direct labour, direct expenses is called :Correct Answer Prime cost Your Answer Prime cost True/False Question

Insurance of a worker is a part of gross salary. Correct Answer False Your Answer True Multiple Choice Single Answer Question At germination stage, to attract and retain talent, dotcom companies offer : Correct Answer Stock option Your Answer Stock option Select The Blank Question The ________ criterion is usually regarded as an automatic minimum equity pay criterion. Correct Answer Cost of living pay Your Answer Supply & demand of labour

True/False Question If the rent paid by employee for his accommodation is equal to or more than the value of rent-free house, the value of the concession in rent is 'NIL'. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question Employees are paid incentives on 'Time' basis if :Correct Answer Units of output are difficult to measure , Delays in work are frequent , Quality is prime consideration Your Answer Delays in work are frequent , Quality is prime consideration , Units of output are difficult to measure True/False Question In piece rate & time rate combination, if payment is calculated on the basis of piece rate guaranteed and if number of pieces fall below the minimum wages guaranteed, he is paid by time rate (T).

Correct Answer True Your Answer False Multiple Choice Single Answer Question Every worker is ensured the minimum payment in :Correct Answer Piece rate & time rate combination Your Answer Piece rate & time rate combination Select The Blank Question Wages have at least ________ connotations from stand points of employers and employees. Correct Answer 2 Your Answer 2 True/False Question Taylor differential piece rate system is suitable for large scale production. Correct Answer True Your Answer True Multiple Choice Single Answer Question In profit-sharing plan, the proportion of profits to be distributed among the employees is determined :Correct Answer In advance Your Answer In advance Select The Blank Question Inter-firm differentials reflect ________ wage levels of workers. Correct Answer Relative Your Answer Relative Match The Following Question Correct Answer Your Answer High wage level system Incentive to worker to improve performance Fixed cost decreases Graduated time rate system Economical factor is consider Protect learners & slow workers Straight piece rate system Productivity improvement Productivity improvement

Piece rate system & time rate combination Protect learners & slow workers Incentive to worker to improve performance

Multiple Choice Single Answer Question Following is not a function of personnel department :Correct Answer Time keeping. Your Answer Time keeping. Multiple Choice Single Answer Question Group incentive plans are best suited for :Correct Answer Small work groups Your Answer Small work groups Multiple Choice Multiple Answer Question To make Scanlon plan successful, there should be :Correct Answer Stable product lines and costs , Strong commitment to plan , Healthy labour relations Your Answer Stable product lines and costs , Strong commitment to plan , Healthy labour relations Multiple Choice Multiple Answer Question Profit sharing, as an incentive plan, realizes these advantages :Correct Answer Higher profits , Increased efficiency , Climate for better employee relations Your Answer Higher profits , Increased efficiency , Climate for better employee relations Select The Blank Question The wages of workers not present at the time of payment disbursement should be entered into ________. Correct Answer Undisbursed wage register Your Answer Undisbursed wage register Multiple Choice Multiple Answer Question In India, Group incentive plans face problems like :Correct Answer High norms of standard work , Illiterate workforce , Numerous slabs in rate structure Your Answer High norms of standard work , Illiterate workforce , Numerous slabs in rate structure

Multiple Choice Multiple Answer Question Job analysis describes :Correct Answer Duties , Responsibilities , Working conditions Your Answer Duties , Responsibilities , Working conditions Multiple Choice Multiple Answer Question Production bonus is calculated on the basis of output norms decided through :Correct Answer Job analysis , Time studies Your Answer Job analysis , Time studies , Job enrichment Multiple Choice Single Answer Question A type of group incentive plan is :Correct Answer Profit sharing scheme Your Answer Profit sharing scheme Multiple Choice Multiple Answer Question Components of wage & salary are :Correct Answer Basic wage , Overtime wage , Dearness allowance Your Answer Basic wage , Overtime wage , Dearness allowance Multiple Choice Single Answer Question Financial &/or quantitative statement prepared & approved prior to period of time is called :Correct Answer Budget Your Answer Budget Multiple Choice Multiple Answer Question Following are economic causes of idle time of labour :Correct Answer Trade cycles. , Non availability of working capital. Your Answer Poor management. , Trade cycles. , Non availability of working capital. Multiple Choice Multiple Answer Question Forces that favour regional differences are :Correct Answer Low mobility , Lower skilled job , Sources of income Your Answer Low mobility , Lower skilled job , Sources of income Multiple Choice Multiple Answer Question Any imbalance in input-output relation in any incentive payment scheme can result in :Correct Answer Tension , Lower productivity , More absenteeism

Your Answer Tension , Lower productivity , More absenteeism Multiple Choice Single Answer Question A worker produces 50 units a week of 06 days and piece rate is Rs.2/- per piece. Then his earning will be :Correct Answer Rs.100/Your Answer Rs.100/Multiple Choice Single Answer Question Monetary incentives imply :Correct Answer External motivation Your Answer External motivation Multiple Choice Multiple Answer Question Components of deductions in salary are :Correct Answer E.S.I. , Housing loan installment. Your Answer E.S.I. , Housing loan installment. Multiple Choice Single Answer Question For designing profit sharing plan, the company has to first :Correct Answer Determine organisation's profit for year Your Answer Enter into agreement True/False Question The Scanlon plan of profit sharing is more effective where no of participants is more than 1000. Correct Answer False Your Answer False Multiple Choice Single Answer Question HR or Personnel department realises the relative worth of jobs by :Correct Answer Job evaluation Your Answer Job evaluation Match The Following Question Correct Answer Your Answer I. L. O. To bring appropriate payment systems Emphasizes need for legislation Child Exploitation Article 39 Article 39

Wage Policy Increase economic welfare To bring appropriate payment systems Article 43 Emphasizes need for legislation To avoid exploitation of labour

Multiple Choice Single Answer Question In co-partnership Incentive system, there is division of :Correct Answer Surplus profit Your Answer Surplus profit Select The Blank Question Against the past practice of modest gradual increase applicable to all, with only marginal additional to the ________ performer. Correct Answer Good Your Answer Good True/False Question Insurance of a worker is a part of gross salary. Correct Answer False Your Answer False Select The Blank Question ________ are assured of a stable amount of money. Correct Answer Employees Your Answer Employees True/False Question Employer's contribution to Superannuation Fund is taxable. Correct Answer False Your Answer False Multiple Choice Multiple Answer Question Jobs are graded according to the relative skill :Correct Answer Effort , Responsibility , Calculations Your Answer Effort , Responsibility Multiple Choice Single Answer Question In Payroll process, Cost of Living Index provides the basis for calculating :Correct Answer D.A. Your Answer D.A.

Multiple Choice Single Answer Question Important aspect while determining pay ranges is to make general adjustments in wage structure according to the :Correct Answer Price index number Your Answer Competitors pay structure True/False Question If the car is used for office duty, only the value of the use of motor car is taken as 'NIL'. Correct Answer True Your Answer True True/False Question In case of construction work / transportation / bidi rolling businesses, internal check of disbursement of payment to workers is very important. Correct Answer True Your Answer True Multiple Choice Single Answer Question To enable employees to participate in profit sharing, employees should have :Correct Answer Worked for certain no. of years in company Your Answer Worked for certain no. of years in company Multiple Choice Multiple Answer Question Incentive plans fail due to :Correct Answer Unfair standards , Fear of rate cut , Lack of required tools / training Your Answer Unfair standards , Fear of rate cut , Lack of required tools / training Select The Blank Question The scanlon plan of profit sharing gives utmost importance to ________. Correct Answer Employee participation Your Answer Employee participation True/False Question If workers do not understand relationship between performance and rewards, incentive plans cannot motivate workers. Correct Answer True Your Answer True

Select The Blank Question ________ is a source document for preparation of wage sheet. Correct Answer Attendance Register Your Answer Attendance Register Multiple Choice Multiple Answer Question Salient features of profit-sharing are :Correct Answer Agreement is voluntary , Payment may be in cash / stock of future credits , Computation on the basis of some agreed formula Your Answer Agreement is voluntary , Payment may be in cash / stock of future credits , Computation on the basis of some agreed formula Multiple Choice Single Answer Question Time booking on job helps for :Correct Answer Estimating labour cost. Your Answer Estimating labour cost. LIST OF ATTEMPTED QUESTIONS AND ANSWERS 2nd Select The Blank Question During the research it was found that in certain cities prevailing wage rate are ________where as organizational ability to pay is more. Correct Answer Very low Your Answer Very low True/False Question Within the factory group promotion is important. Correct Answer False Your Answer False Multiple Choice Single Answer Question Perquisites or profits or any remuneration received from person other than employer is taxable under the head :Correct Answer Income from other sources Your Answer Income from other sources Select The Blank Question ________ under profit sharing contributes directly to an employee's immediate economic gain. Correct Answer Cash plan

Your Answer Cash plan True/False Question House rent allowance paid to a employee residing in his own house is not exempt from tax. Correct Answer True Your Answer True Select The Blank Question Wage differentials are inter-industry, inter-firm and ________. Correct Answer Inter area Your Answer Inter area True/False Question Direct labour costs are included in cost of production of each unit. Correct Answer True Your Answer True Multiple Choice Single Answer Question Time spent by same worker on various jobs is recorded on daily basis in :Correct Answer Daily time sheet. Your Answer Daily time sheet. Multiple Choice Multiple Answer Question Monetary incentive plans result in :Correct Answer Greater output per man-hour , Lower unit cost , Higher wages Your Answer Greater output per man-hour , Lower unit cost , Higher wages Select The Blank Question Today there is strong competition for acquiring as much ________ as possible. Correct Answer Wealth Your Answer Wealth Select The Blank Question Executives are compensated for the various ________ incurred by them. Correct Answer Expenses Your Answer Expenses Multiple Choice Multiple Answer Question Broad groups may be illustrated within manufacturing as :-

Correct Answer Managerial , Clerical , Factory Your Answer Managerial , Clerical , Factory Multiple Choice Multiple Answer Question Bonus, as the incentive to managers is determined :Correct Answer By formula , By discretion used in allocation of bonus Your Answer By formula , By discretion used in allocation of bonus , By Board of Directors Select The Blank Question ________ generated out of payroll system shows amounts of debits and credits. Correct Answer Journal entry Your Answer Bills entry True/False Question Performance standards & norms for incentive payments should be set up high for better results. Correct Answer False Your Answer True Match The Following Question Correct Answer Your Answer Merric's multiple piece rate plan Low piece rate for slow workers and high piece rate for higher production Sharing profits undertaking Emerson efficiency plan Gradual increase in remuneration based on efficiency Bonus to the group Co-partnership system Sharing profits undertaking No fear of wage cut Taylor's differential piece-rate plan No fear of wage cut Gradual increase in remuneration based on efficiency

Multiple Choice Single Answer Question Following is method of time booking :Correct Answer Daily time sheet. Your Answer Time recording clock.

Multiple Choice Single Answer Question Work study department is engaged in activities like determining :Correct Answer Standard procedure Your Answer Labour cost Match The Following Question Correct Answer Your Answer Cost accounting Dept. Accumulation & classification all cost data Selection & training of employees. Personnel Dept. Selection & training of employees. Selection & training of employees. Payroll Dept. Maintain record of wage rate of each employee. Maintain record of wage rate of each employee. Engineering Dept. Preparation of time & motion studies Preparation of time & motion studies

Multiple Choice Multiple Answer Question Following are unavoidable causes of employees turnover :Correct Answer Retirement , Marriage Your Answer Retirement , Marriage True/False Question The cost of time lost in strikes is charged to Profit & Loss Account. Correct Answer True Your Answer True Select The Blank Question Ratio of number persons over 4 years of service at present to total employed 4 years ago is called ________ Correct Answer Skill wastage index Your Answer Skill wastage index Multiple Choice Multiple Answer Question Following are causes of idle time of labour pertaining to production, Correct Answer Failure of electricity. , Breakdown of machinery Your Answer Failure of electricity. , Seasonal nature of demand. , Breakdown of

machinery Multiple Choice Single Answer Question Disadvantage of maintaining hand written register for attendance is :Correct Answer Depends upon honesty. Your Answer Depends upon honesty. True/False Question Salary is still the only or chief motivator for IT employees. Correct Answer False Your Answer True Select The Blank Question Cost of time spent on conducting interviews & selecting a candidate for ________ is called Replacement cost. Correct Answer Replacement Your Answer Replacement True/False Question The cost of living pay criterion is usually regarded as an automatic minimum equity pay criterion Correct Answer True Your Answer False True/False Question Incentive schemes sometimes lead to jealousies and misunderstanding among the workers. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question Article 43 reads: State shall endeavour to secure by suitable legislation to all :Correct Answer Agricultural workers , Industrial , Working in a living wage Your Answer Agricultural workers , Industrial , Working in a living wage Multiple Choice Multiple Answer Question Advantages of having several pay ranges for each organisations are :Correct Answer The management could take a more flexible stance with respect to the labour market , It made it easy to attract experienced employees from other organisations , It helped to ensure that there was an overlap between the pay rates

and those prevailing in the labour market Your Answer The management could take a more flexible stance with respect to the labour market , It made it easy to attract experienced employees from other organisations , It helped to ensure that there was an overlap between the pay rates and those prevailing in the labour market True/False Question If an employee pays fees for attending some management course, the fees can be allowed for deduction from salary income. Correct Answer False Your Answer False Multiple Choice Multiple Answer Question In profit-sharing plan, employees :Correct Answer Work more diligently , Try to achieve higher profits , Fulfill entirely their responsibilities Your Answer Work more diligently , Try to achieve higher profits , Fulfill entirely their responsibilities Select The Blank Question ________ of payment recognizes that individuals are concerned about the money paid to them and also the relationship of this amount to what others are paid. Correct Answer Equity approach Your Answer Equity approach Multiple Choice Single Answer Question The total of direct & indirect material, labour & expenses is called :Correct Answer Total cost of production Your Answer Prime cost Multiple Choice Multiple Answer Question Profit sharing plans can be on :Correct Answer Industry basis , Locality basis , Unit basis Your Answer Industry basis , Locality basis , Unit basis Select The Blank Question Persons interested in enhancing their reputations and receiving recognition may respond to ________. Correct Answer Verbal praise Your Answer Verbal praise

Multiple Choice Multiple Answer Question For the valuation of rent free accommodation, 'Salary' includes : Correct Answer D A , Bonus , Education Allowance Your Answer D A , Education Allowance Multiple Choice Single Answer Question Towns are getting converted into cities and cities into :Correct Answer Metro Your Answer Metro Multiple Choice Multiple Answer Question Scanlon plan of profit sharing aims at :Correct Answer Workers participation , Reduction of cost of operation of increased production , Sharing in gains Your Answer Workers participation , Reduction of cost of operation of increased production , Sharing in gains Multiple Choice Single Answer Question Indirect compensation mainly acts as :Correct Answer Maintenance factor Your Answer Maintenance factor Select The Blank Question Overtime payment given to the worker due to general pressure of work is treated as ________ cost. Correct Answer Indirect Your Answer Indirect Multiple Choice Multiple Answer Question Which of the following are used to compensate major executives? Correct Answer Straight salaries , Bonuses , Profit sharing Your Answer Straight salaries , Bonuses , Profit sharing Multiple Choice Single Answer Question Long-term wage Incentive plans are useful, where :Correct Answer Jobs are inter-related Your Answer Jobs are inter-related Multiple Choice Single Answer Question Group incentive payments are :-

Correct Answer Less than individual ones Your Answer Less than individual ones Multiple Choice Single Answer Question The criterion, that means, wages paid should be adequate to enable an employee to maintain himself and his family at a reasonable level of existence is :Correct Answer The living wage Your Answer The living wage Multiple Choice Single Answer Question According to the thinking and beliefs of these young persons, the major need filled by marriage is biological and this can be easily satisfied out of :Correct Answer Wedlock Your Answer Wedlock True/False Question The payment of profit sharing plan is of uncertain nature because of uncertainty of profits to the company. Correct Answer True Your Answer True LIST OF ATTEMPTED QUESTIONS AND ANSWERS 1st Multiple Choice Single Answer Question The wage and salary administration is concerned with the financial aspect of need, reward and :Correct Answer Motivation Your Answer Motivation Multiple Choice Multiple Answer Question Documents used for wage analysis are :Correct Answer Job cards , Wage sheets Your Answer Job cards , Wage sheets Multiple Choice Single Answer Question Basic purpose of Wage and Salary administration is to establish and maintain an equitable :Correct Answer Wage and Salary structure Your Answer Compensation structure True/False

Question IT jobs still remain the best paying jobs in the country. Correct Answer True Your Answer True Match The Following Question Correct Answer Your Answer Francis A Walker 1840 - 1897 1772 - 1823 David Ricardo 1772 - 1823 1849 - 1883 Adam Smith 1723 - 1790 1723 - 1790 Karl Marx 1849 - 1883 1840 - 1897

True/False Question Many companies have chosen some what shady reimbursement or perquisite in order to contain the overall cost in the assumption of being non taxable. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question Differential piece rate system is suitable where :Correct Answer Fixed costs are higher in proportion to veriable cost , It is possible to count production accurately , There are standardised methods of production Your Answer Fixed costs are higher in proportion to veriable cost , It is possible to count production accurately , There are standardised methods of production Multiple Choice Single Answer Question Dotcom companies were founded to go beyond :Correct Answer Physical business Your Answer National boundaries Multiple Choice Multiple Answer Question Salesmen are usually given incentives in the form of sales commission because of :Correct Answer Unsupervised nature of most sales work , Tradition in the market , Assumption that incentives are needed to motivate salesman Your Answer Unsupervised nature of most sales work , Tradition in the market ,

Assumption that incentives are needed to motivate salesman Multiple Choice Multiple Answer Question Following are avoidable causes of employees turnover :Correct Answer Unsatisfactory pay package , Absence of job satisfaction Your Answer Unsatisfactory pay package , Better prospects outside , Absence of job satisfaction Multiple Choice Multiple Answer Question In dotcom companies, there is :Correct Answer Direct interaction with customers and client organizations , Reduction of capital cost , Huge no of employees Your Answer Direct interaction with customers and client organizations , Reduction of capital cost , Huge no of employees Multiple Choice Multiple Answer Question Employees are paid incentives on 'Output' basis if :Correct Answer Units of output can be measured , Direct relationship between employee efforts and quantity of output , Jobs are standardised Your Answer Units of output can be measured , Direct relationship between employee efforts and quantity of output , Jobs are standardised True/False Question Rate of change in the working force of an organisation during a period of time is known as employee turnover. Correct Answer True Your Answer True True/False Question Compensation given to an employee on termination or dismissal is considered as Salary Income. Correct Answer True Your Answer False Select The Blank Question The nature and extent of wage differential are conditioned by a ________. Correct Answer Set of factors Your Answer Set of conditions Multiple Choice Single Answer Question When a dotcom company starts earning profits, promoters are focused on

the launch of:Correct Answer IPO Your Answer IPO Select The Blank Question ________ is that portion of Dearness Allowance which Government declares to be paid for all purposes. Correct Answer Dearness Pay Your Answer Dearness Pay Select The Blank Question If the idle time is controllable and normal, its cost is treated as ________ cost. Correct Answer Indirect Your Answer Direct Multiple Choice Single Answer Question As industrialization taking place, the family values have :Correct Answer Changed Your Answer Changed Select The Blank Question ________ are also aid to executives a certain percentage of the profits. Correct Answer Bonuses Your Answer Bonuses Multiple Choice Single Answer Question Wages of security men in a production unit comes under :Correct Answer Indirect labour Your Answer Indirect labour True/False Question Time booking helps to ascertain direct and indirect labour costs. Correct Answer True Your Answer False Multiple Choice Single Answer Question Characteristic of a good compensation system is :Correct Answer Higher the efficiency of worker, higher is compensation. Your Answer Higher the efficiency of worker, higher is compensation.

True/False Question To maintain best manpower in the organization, Management Incentive Plan based on the individual performance is necessary. Correct Answer True Your Answer True Select The Blank Question Payment to out workers is done on ________ basis. Correct Answer Monthly Your Answer Piece rate. Multiple Choice Single Answer Question Expenses incurred by business for packing & packaging, advertisement, sales promotion is called :Correct Answer Overheads Your Answer Overheads True/False Question With about 2-5 years of experience, an employee can move upto manager level from executive level in IT industry. Correct Answer True Your Answer True Multiple Choice Single Answer Question Variance analysis is done in case of :Correct Answer Standard costing Your Answer Standard costing Select The Blank Question Compensation system should reduce ________. Correct Answer Employee turnover Your Answer Employee turnover True/False Question Economic system does result in the concentration of wealth. Correct Answer False Your Answer True Select The Blank Question ________ provides benefits at the time of retirement/ death / following disability of worker.

Correct Answer Deferred plan Your Answer Deferred plan Multiple Choice Single Answer Question The expenditure on remuneration of workers/employees responsible for conversion of raw material into finished products is called :Correct Answer Direct labour Your Answer Direct expenses Multiple Choice Single Answer Question If the employment is merely incidental to the exercise of a profession, the gains from such employment would be :Correct Answer Professional earnings Your Answer Professional earnings Select The Blank Question Leave pay of current year is treated as ________. Correct Answer Direct Expenses Your Answer Direct Expenses True/False Question Group incentive system is more widely prevalent in the Indian industry than the system of individual incentive. Correct Answer True Your Answer True Multiple Choice Single Answer Question The wage structure or grade is comprised of jobs of appropriately equal difficulty or importance as determined by :Correct Answer Job evaluation Your Answer Job evaluation Select The Blank Question ________ is financial / quantitative statement prepared & approved prior to a period of time. Correct Answer Budget Your Answer Budget Multiple Choice Multiple Answer Question Wage differentials are of following factors :Correct Answer Difference in labour efficiency , Social esteem , Occupation

Your Answer Difference in labour efficiency , Social esteem , Occupation Multiple Choice Multiple Answer Question Objectives laid down by I.L.O. are :Correct Answer Abolish malpractices , Abuse in wage payment , Promote Trade Union Your Answer Abolish malpractices , Abuse in wage payment , Promote Trade Union Multiple Choice Multiple Answer Question Level II in junior managers comprises of :Correct Answer Engineers , Officers , Senior Engineers Your Answer Engineers , Officers , Senior Engineers Match The Following Question Correct Answer Your Answer Bonus to top management Overall corporate results Overall corporate results Time' incentive plan Delays in work are frequent Unsupervised nature of job Output' Incentive plan Units of output are measurable Units of output are measurable Commission' to salesmen Unsupervised nature of job Group incentive

Multiple Choice Multiple Answer Question Major components of compensation :Correct Answer Salary , Basic salary , Consolidated salary Your Answer Salary , Consolidated salary Multiple Choice Multiple Answer Question Incentive schemes suffer because of :Correct Answer Tendency among workers to sacrifice quality for quantity , Rapid progress in technology , Disregard for safety regulations by workers Your Answer Tendency among workers to sacrifice quality for quantity , Rapid progress in technology , Disregard for safety regulations by workers Multiple Choice Multiple Answer Question Aspects which were considered while determining pay ranges are :Correct Answer Maintain adequate difference between supervisors & subordinates ,

Attention must be given to handling upward changes in wage structure Your Answer Maintain adequate difference between supervisors & subordinates , Attention must be given to handling upward changes in wage structure Multiple Choice Single Answer Question In recent times, in addition to stock options, employees of dotcom companies are demanding :Correct Answer Cash bonus Your Answer Cash bonus Select The Blank Question Life and Medical insurance or reimbursement of medical bills is considered as a part of ________. Correct Answer Perks Your Answer Social security uestion Documents used for wage analysis are :Answer Wage sheets , Job cards Question Indirect compensation mainly acts as :Answer Maintenance factor Question The lacuna which led to the introduction of 'Employee's Deposit Linked Insurance Scheme' did not have effect from :Answer 7th of March 1971 , 3rd of March 1971 , 2nd of March 1971 Question Source documents for preparations of wages are :Answer Daily time sheet , Weekly time sheet. , Attendance register. Question Following are causes of idle time of labour pertaining to administration :Answer Poor management , Management policy Answer Managerial attitude Unskilled worker Lower compensation Lower compensation Good compensation system Avoid exploitation Higher skills High demand & Low supply High compensation High compensation Equal work Equal pay Equal pay Question Employees in the railways are entitled of payment of wages Act, 1936 who are drawing wages and salaries below :Answer Rs. 1600/- a month Question In the case of salary income, it is important that there

should be a :Answer Relation of employer and employee Question Disadvantage of maintaining hand written register for attendance is :Answer Depends upon honesty. Question Ratio of number of persons over 4 years of service at present to present total employees is called ________ Answer Skill dilution index Question ________ is a source document for preparation of wage sheet. Answer Attendance Register Question Financial &/or quantitative statement prepared & approved prior to period of time is called :Answer Budget Question Group incentive payments are :Answer Less than individual ones Question In profit-sharing plan, employees :Answer Work more diligently , Try to achieve higher profits , Fulfill entirely their responsibilities Question Every worker is ensured the minimum payment in :Answer Piece rate & time rate combination Question In the history of Indian IT industry, the year 2001-2002 will be remembered as ________. Answer Year of lay-offs Question Carpenters engaged in cutting of wood in a furniture making shop is an example of :Answer Direct labour Question Time rate systems are :Answer Ordinary level , High wage level , Graduated time rates Question After deducting depreciation and initial or development rebate from profit, we arrive at ________. Answer Surplus profit Question Any other amenity or service excluded from the computation of wages by a general or special order of appropriate Govt. Answer False Question Taylor differential piece rate system is difficult to understand and implement. Answer False Question Employees are paid incentives on 'Output' basis if :Answer Units of output can be measured , Direct relationship between employee efforts and quantity of output , Jobs are standardised Your Answer Units of output can be measured , Direct relationship

between employee efforts and quantity of output , Jobs are standardised

Question Wage differentials have been classified into ________ categories. Answer 3 Question Compensation policy does not need criteria for promotions. Answer False Question ________ is financial / quantitative statement prepared & approved prior to a period of time. Answer Budget Question Halsey Premium plan is a combination of the day wage & piece wage in modified form. Answer True Question Employees are paid incentives on 'Time' basis if :Answer Units of output are difficult to measure , Delays in work are frequent , Quality is prime consideration Question In profit-sharing plan, the proportion of profits to be distributed among the employees is determined :Answer In advance Question Direct labour cost varies in proportion to output of production. Answer False Question First to lay down the guidelines for fixation of Minimum Wages was :Answer Indian Labour Conference Question Within the factory group promotion is important. Answer False Question There are many methods that an alive ________ management can creatively develop for employees rendered redundant through little forethought. Answer HRD Question Wage structure is made flexible according to the changes in the price level and ________. Answer Working efficiency Question Remuneration paid for the service of the labour in production is :Answer Wage Question Various enactments that are applicable to employees of organization are :Answer Payment of Gratuity Act , Payment of Bonus Act , Employee's

Provident Fund & Misc. Provisions Act Question Salary is still the only or chief motivator for IT employees. Answer False Question Time rate system at ordinary level is suitable where :Answer Quality of output is of great importance , Quantitative measurement of work is not possible , Production unit is small Question If the same or about the same general rates of wages were not paid to the employees as were paid by the organisation's competitors, it would not be able to attract and maintain a sufficient quantity and quality of manpower. Answer False Question Which of the following are used to compensate major executives? Answer Straight salaries , Bonuses , Profit sharing Question Direct labour costs are included in cost of production of each unit. Answer True Wage disbursement Actual payment of remuneration Payment on vouchers Attendance Register Input to payroll process Actual payment of remuneration Pay slips Output of payroll process Output of payroll process Journal entry Amounts of debit & credit Amounts of debit & credit Question ________ cost do not vary much in proportion to output or volume of production. Answer Direct Labour Question The total of direct material, direct labour, direct expenses is called :Answer Prime cost Question If workers do not understand relationship between performance and rewards, incentive plans cannot motivate workers. Answer True Question Overtime payment given to the worker for completing work before scheduled date art the instruction of buyer is treated as ________ cost Answer Direct Question Contribution to the P.F. have to be remitted along with the

challan for Account No.:Answer 2 , 21 , 10 Question Surprise check on calculation & disbursement of payments is necessary to avoid any fraud. Answer True Question Dotcom companies were founded to go beyond :Answer Physical business Question Piece workers come under ________ class of workers. Answer Semi - skilled Question Persons interested in enhancing their reputations and receiving recognition may respond to ________. Answer Verbal praise Question Direct labour costs are included in cost of production of each unit. Answer True Question In co-partnership Incentive system, there is division of :Answer Surplus profit Question Wage & salary administration refers to the establishment and implementation of sound policies and practices of employee :Answer Compensation Question Remuneration paid for the service of the labour in production is :Answer Wage Question Which of the following are used to compensate major executives? Answer Straight salaries , Bonuses , Profit sharing Question Carpenters engaged in cutting of wood in a furniture making shop is an example of :Answer Direct labour Question Employee's State Insurance Act, ________ is a pioneering measure in the field of social insurance of our country. Answer 1948 Question Following are avoidable causes of employees turnover :Answer Unsatisfactory pay package , Absence of job satisfaction Francis A Walker 1840 - 1897 1849 - 1883 David Ricardo 1772 - 1823 1723 - 1790 Adam Smith 1723 - 1790 1728 - 1794

Karl Marx 1849 - 1883 1772 - 1823 Question Marriages were supposed to be made in :Answer Heaven Question Wage differentials are of following factors :Answer Difference in labour efficiency , Social esteem , Occupation Question In India, Group incentive plans face problems like :Answer High norms of standard work , Illiterate workforce , Numerous slabs in rate structure Question HR or Personnel department realises the relative worth of jobs by :Answer Job evaluation Question Scanlon plan of profit sharing aims at :Answer Reduction of cost of operation of increased production , Sharing in gains , Workers participation Question Ratio of number persons over 4 years of service at present to total employed 4 years ago is called ________ Answer Skill wastage index Question To minimize disparity in wages & levels, following act is passed :Answer Minimum wages Act Question In developmental phase, the dotcom companies concentrate on :Answer Building brand Question Employees are paid incentives on 'Output' basis if :Answer Units of output can be measured , Direct relationship between employee efforts and quantity of output , Jobs are standardised Question Compensation system should reduce ________. Answer Employee turnover Question Article 43 reads: State shall endeavour to secure by suitable legislation to all :Answer Agricultural workers , Industrial , Working in a living wage Question To perform a ________ function by way of determining the social status of workers. Answer Social Question If workers do not understand relationship between performance and rewards, incentive plans cannot motivate workers. Answer True Question Sequence of operations for a job is clear in case of :-

Answer Job cards. Question Level II in senior managers include or comprises of :Answer General Manager , Senior General Manager , Deputy General Manager Question Group incentive plans are best suited for :Answer Small work groups Question compensation should be ________ efficiency & result . Answer Directly proportional Question IT jobs still remain the best paying jobs in the country. Answer True Good compensation system Avoid exploitation Avoid exploitation High demand & Low supply High compensation High compensation Equal work Equal pay Equal pay Unskilled worker Lower compensation Lower compensation

Question If the idle time is controllable and normal, its cost is treated as ________ cost. Answer Indirect Question Life and Medical insurance or reimbursement of medical bills is considered as a part of ________. Answer Perks Question Overtime paid because of inefficiency of other department is charged to the job. Answer False Question Effectiveness of incentive system is ascertained with the help of :Answer Efficiency report. Question Demerits of time rate system at ordinary level are :Answer No distinction between efficient and inefficient workers at regards output , Increase the cost of production in case of low productivity Question Job analysis describes :Answer Duties , Responsibilities , Working conditions Question A good incentive scheme should have :Answer Elasticity , Parity , Less operational costs Question Employee turnover rate focuses on stability of employee in the organisation.

Answer False Question Employees cost to the company includes :Answer Basic wages , Incentives Question The cost of time lost in strikes is charged to Profit & Loss Account. Answer True Question When a dotcom company starts earning profits, promoters are focused on the launch of:Answer IPO Question The total of direct material, direct labour, direct expenses is called :Answer Prime cost Question Insurance of a worker is a part of gross salary. Answer False Question At germination stage, to attract and retain talent, dotcom companies offer : Answer Stock option Question The ________ criterion is usually regarded as an automatic minimum equity pay criterion. Answer Cost of living pay Question Standards of efficiency should be fixed by taking into consideration ________ worker & Normal working conditions. Answer Normal Question In graduated time rates system, if basic salary is Rs.2000 and dearness allowance is 150% then total remuneration will be :Answer Rs.5000/Question Job evaluation is the output provided by :Answer Job Analysis Question The persons working in multinational companies occupying the higher positions in hierarchy enjoy :Answer Lavish life-style Question Incentive schemes sometimes lead to jealousies and misunderstanding among the workers. Answer True Question Dotcom companies were founded to go beyond :Answer Physical business Question Persons interested in enhancing their reputations and receiving recognition may respond to ________. Answer Verbal praise Question IT jobs still remain the best paying jobs in the country.

Answer True Question In developmental phase, the dotcom companies concentrate on :Answer Building brand Question Salesmen are usually given incentives in the form of sales commission because of :Answer Unsupervised nature of most sales work , Tradition in the market , Assumption that incentives are needed to motivate salesman Question The wage and salary administration is concerned with the financial aspect of need, reward and :Answer Motivation Question Gross Earnings - Deductions equals ________. Answer Net Earnings Question Insurance of a worker is a part of gross salary. Answer False Question Organization's ability to pay, determines ________. Answer Wage level Question Objectives laid down by I.L.O. are :Answer Promote Trade Union , Abolish malpractices , Abuse in wage payment Question Article 43 reads: State shall endeavour to secure by suitable legislation to all :Answer Agricultural workers , Industrial , Working in a living wage Question Following are the forms of the cost of replacement :Answer Cost of advertisement for recruitment , Cost of conducting interviews , Cost of interruption in production Question Main features of society are :Answer Domination of machines , Exploitation of workers , Poor working conditions Question In Compensation plans the following are taken into account :Answer Cost of production , Reduction in expenses , Profits made Question ________ had a decisive influence on the wage structure & wage level. Answer Managerial attitude Question The approach of managerial / executive staff towards the perquisites has changed since last :Answer 10 years , 9 years , 8 years Question Aspects which were considered while determining pay ranges are :-

Answer Maintain adequate difference between supervisors & subordinates , Attention must be given to handling upward changes in wage structure Question If the rent paid by employee for his accommodation is equal to or more than the value of rent-free house, the value of the concession in rent is 'NIL'. Answer True Question Gradewise flat allowances are also being considered generally except where tax exemption benefit are still available. Answer True Question A job is rated in order to determine its value relative to all the others jobs in organization which are subject to :Answer Evaluation Question In marginal costing costs are classified as:Answer Fixed & Variable Question Indirect labour cost forms a part of overheads. Answer True Question Which of the following are used to compensate major executives? Answer Straight salaries , Bonuses , Profit sharing Question If classification system is used, the jobs are already categorized into grade or :Answer Class Question Production bonus is calculated on the basis of output norms decided through :Answer Job analysis , Time studies Question Cost of employee welfare activities comes under ________ cost. Answer Preventive Ranking System Ranks Ranks Wage and salary administration Compensation Compensation Remuneration paid Wage Wage Classification System Class Class

Question Production planning includes :Answer Product engineering.

Question Incentive schemes sometimes lead to jealousies and misunderstanding among the workers. Answer True Question Following are economic causes of idle time of labour :Answer Trade cycles. , Non availability of working capital. Question Reward may be money or promotion, but more likely it will be some pay-off -a smile, and :Answer Acceptance by peer Question The cost of time lost in strikes is charged to Profit & Loss Account. Answer True Question House rent allowance paid to a employee residing in his own house is not exempt from tax. Answer True Question Today there is strong competition for acquiring as much ________ as possible. Answer Wealth Question Payment is done on the basis of units of output, incase of ________ workers. Answer Piece Question Ratio of number of persons over 4 years of service at present to present total employees is called ________ Answer Skill dilution index Question In post IPO stage, dotcom company gives its employees :Answer Balanced total reward package Question Factors not related to money can also serve as ________. Answer Attention seekers Question In material costing ________ Costs are written at to Marginal profit & loss A/c. Answer Fixed Employee turnover Separation rate Difficult to control Direct labour cost Difficult to control Fixed costs Indirect labour cost Cannot be easily identified with product Indirect expenses. Stability index Skill dilution index Skill dilution index Question One worker is working under piece rate & time rate combination system of compensation. He has worked in a week of 06 days

consisting of 48 hours. His hourly rate is Rs.2/- per piece. His output for the week is 40 units. What will be his earning ? Answer Rs.96/Question If the employment is merely incidental to the exercise of a profession, the gains from such employment would be :Answer Professional earnings Question Group incentive system is more widely prevalent in the Indian industry than the system of individual incentive. Answer True Question IT jobs still remain the best paying jobs in the country. Answer True Question ________ is financial / quantitative statement prepared & approved prior to a period of time. Answer Budget Question Consideration for wage and salary administration are :Answer Job requirement Question Person working in MNC's occupying higher positions devote most of their time for their :Answer Employment & job Question Components of wage & salary are :Answer Basic wage , Overtime wage , Dearness allowance Question Monetary incentives imply :Answer External motivation Question The incentive plan designed for the group based on group's performance is called :Answer Long-term wage incentive plan Question Taylor differential piece rate system is suitable for large scale production. Answer True Question Salesmen are usually given incentives in the form of sales commission because of :Answer Unsupervised nature of most sales work , Tradition in the market , Assumption that incentives are needed to motivate salesman Question ________ of payment recognizes that individuals are concerned about the money paid to them and also the relationship of this amount to what others are paid. Answer Equity approach Question Wage Policy is not of great concern to labour, management and Govt. Answer False Question To perform a ________ function by way of determining the

social status of workers. Answer Social Question Life and Medical insurance or reimbursement of medical bills is considered as a part of ________. Answer Perks Question Extent of employees turnover depends upon :Answer Physical conditions within organisation , Type of industry , Male to female ratio Question Performance standards & norms for incentive payments should be set up high for better results. Answer False Question E.S.I. Act aims at providing for certain cash benefits to employees in case of :Answer Sickness , Maternity , Medical Question Employer's contribution to Superannuation Fund is taxable. Answer False Question Forces that favour regional differences are :Answer Low mobility , Lower skilled job , Sources of income Question The goals and ideals of a traditional Indian family were spiritual and religious. Answer True Question In graduated time rates system, if basic salary is Rs.2000 and dearness allowance is 150% then total remuneration will be :Answer Rs.5000/Top managers Non-financial benefits Compensatory day-off Workers Piece-rate Piece-rate Salesmen Commission Bonus Managers Bonus Overtime Question The scanlon plan of profit sharing gives utmost importance to ________. Answer Employee participation Question If workers do not understand relationship between performance and rewards, incentive plans cannot motivate workers. Answer True Question Financial &/or quantitative statement prepared & approved prior to period of time is called :Answer Budget

Question Group incentive plans may not become successful due to :Answer Unevenness of performance of different members of groups , Ill-feeling among group members , No recognition for individual performance Question Bonus is component of deductions. Answer False Question The ________ criterion is usually regarded as an automatic minimum equity pay criterion. Answer Cost of living pay Question Wages of security men in a production unit comes under :Answer Indirect labour Question Major features of production are :Answer Labour , Land , Capital Question The Scanlon plan of profit sharing is more effective where no of participants is more than 1000. Answer False Question Incentive plans fail due to :Answer Lack of required tools / training , Unfair standards , Fear of rate cut Question Objectives laid down by I.L.O. are :Answer Abolish malpractices , Abuse in wage payment , Promote Trade Union Question Persons interested in enhancing their reputations and receiving recognition may respond to ________. Answer Verbal praise Question Profit sharing, as an incentive plan, realizes these advantages :Answer Higher profits , Increased efficiency , Climate for better employee relations Question Characteristic of a good compensation system is :Answer Higher the efficiency of worker, higher is compensation. Question The institutions of marriage and family are also to be found in every :Answer Society Question Hospitality industries includes :Answer Hotels Question To make Scanlon plan successful, there should be :Answer Stable product lines and costs , Strong commitment to plan , Healthy labour relations Question For higher management, ________ are influenced by the size of a company, specific industry and the process of decision making. Answer Salaries

Question Indirect labour cost forms a part of overheads. Answer True Question Salary is still the only or chief motivator for IT employees. Answer False Question Perquisites taxable in all cases include :Answer Value of rent free accommodation provided by employer to his employee Question A good incentive scheme should have :Answer Elasticity , Parity , Less operational costs Question In Taylor differential piece rate system, high piece rate is applicable if ________. Answer Output is above standard Question Leave pay of current year is treated as ________. Answer Direct Expenses Question Cost of time spent on conducting interviews & selecting a candidate for ________ is called Replacement cost. Answer Replacement Question One worker is working under piece rate & time rate combination system of compensation. He has worked in a week of 06 days consisting of 48 hours. His hourly rate is Rs.2/- per piece. His output for the week is 40 units. What will be his earning ? Answer Rs.96/Question Wage differentials are of following factors :Answer Difference in labour efficiency , Social esteem , Occupation Question Monetary incentives imply :Answer External motivation Question Documents useful for the purpose of wage analysis are :Answer Wage sheets , Payroll , Accounting registers Question Variance analysis is done in case of :Answer Standard costing Question If classification system is used, the jobs are already categorized into grade or :Answer Class Question Inter-firm differentials reflect ________ wage levels of workers. Answer Relative Question Wage Policy is of great concern to :Answer Labour Management & Govt. Question ________ of payment recognizes that individuals are

concerned about the money paid to them and also the relationship of this amount to what others are paid. Answer Equity approach Institutions of marriages & family Society Metros Past Marriages Permanent Society

Question Incentive payments should be made at the end of fiscal year. Answer False Question Most companies as against earlier visible cost don't use the "Total Cost To The Company". Answer False Question During the research it was found that in certain cities prevailing wage rate are ________where as organizational ability to pay is more. Answer Very low Question In the history of Indian IT industry, the year 2001-2002 will be remembered as ________. Answer Year of lay-offs