Wages and minimum labor standards


Question 1: Describe in brief the constitutional and judicial perspectives on the wages.

Question 2: Describe the different theories and facets of wages.

Question 3: Define the concepts of minimum wage, fair wage, living wage and need-based wage.

Question 4: Describe different ILO Conventions on wages.

Question 5: Describe the principles of wage fixation and describe the wage fixation under Minimum Wages Act.

Question 6: Describe the concept and different formulae for the payment of bonus.

Question 7: Describe the concept of Labor Welfare and what the various healths, safety are and welfare measures adopted in the factories.

Question 8: Describe in detail the concept of Dearness Allowance, fixation and Revision of Dearness allowance.

Question 9: Describe the different ILO conventions relating to protection of Labor and Wages.

Question 10: Write brief notes on any two of the given terms.

a. Establishment
b. Full bench formula
c. Wage fixation
d. Equal pay for equal work

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Business Law and Ethics: Wages and minimum labor standards
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