Tag: industrial relations, trade unions and social security

Questions Related to industrial relations, trade unions and social security

Gherao was introduced in the year _________.

  1. 1967

  2. 1968

  3. 1969

  4. 1970


Correct Option: A
Explanation:

Gherao was introduced in the year 1967. It was first introduced in West Bengal. Gherao can be defined as a type of protest in which workers prevent employers or managers from leaving a place of work until certain demands are met.

Gherao was first introduced in _______.

  1. West Bengal

  2. Maharashtra

  3. Orissa

  4. Tamil Nadu


Correct Option: A
Explanation:

Gherao was first introduced in West Bengal. Gherao can be defined as a type of protest in which workers prevent employers or managers from leaving a place of work until certain demands are met.It was introduced in the year of 1967.

The INTUC was supported by ______.

  1. Sardar Vallabhbhai Patel

  2. Jawaharlal Nehru

  3. Morarji Desai

  4. both (A) and (B)


Correct Option: D
Explanation:

The INTUC was supported by both- Sardar Vallabhbhai Patel and Jawaharlal Nehru. The Indian national trade union congress was formed in 1947. Indian National Trade Union Congress can be referred as the trade union wing of the Indian National Congress. It was formed in order to establish an order of society which is free from hindrance in the way on an all round development of the members of the trade union.

One union in one industry advocated by _______.

  1. Jawaharlal Nehru

  2. V.V. Giri

  3. Rajendra Prasad

  4. Kennedy


Correct Option: B

Which, one of the following is the regulating authority for governing the Insurance companies in India?

  1. TRAI

  2. PFRDA

  3. IRDA

  4. SEBI


Correct Option: C
Explanation:

The Insurance Regulatory and Development Authority of India (IRDA) is the regulating authority that governs the Insurance companies in India. The IRDA was established by the Insurance Regulatory and Development Authority(IRDA) Act, 1999

It is an autonomous, statutory agency which regulates and promotes the insurance and re-insurance industries in India.

One can open multiple NPS accounts.

  1. True

  2. False


Correct Option: B
Explanation:

One can open multiple NPS accounts- this is a false statement as one can open only one NPS account. National Pension System (NPS) is a government-sponsored pension scheme. It was launched in January 2004. National Pension Scheme provides old age income with reasonable market based returns. NPS was initially launched only for government employees.

An NRI can join NPS.

  1. True

  2. False


Correct Option: A
Explanation:

An NRI(Non-Residential Indian) can join National Pension Scheme. National Pension System (NPS) is a government-sponsored pension scheme. It was launched in January 2004. National Pension Scheme provides old age income with reasonable market based returns. NPS was initially launched only for government employees.

Which of the following would not ensure better labour relations?

  1. Proper rehabilitation of retrenched labour.

  2. Rational and pragmatic recruitment policy.

  3. Inadequate incentives for productivity of labour.

  4. Disincentives for failures.


Correct Option: C
Explanation:

Inadequate incentives for productivity of labour would not ensure better labour relations. Proper and adequate incentives for productivity of labor is to be provided in order to maintain a good labour relations which will help to facilitate smooth functioning of all other organizational activities.

If the account holder discontinues investment in NPS, the account will be frozen.

  1. True

  2. False


Correct Option: A
Explanation:

If the account holder discontinues investment in NPS, the account will be frozen. National Pension System (NPS) is a government-sponsored pension scheme. It was launched in January 2004. National Pension Scheme provides old age income with reasonable market based returns. NPS was initially launched only for government employees.

National Pension System (NPS) is a government-sponsored pension scheme. It was launched in ______________.

  1. January 2005

  2. January 2004

  3. January 2007

  4. January 2003


Correct Option: B
Explanation:

National Pension System (NPS) is a government-sponsored pension scheme. It was launched in January 2004. National Pension Scheme provides old age income with reasonable market based returns. NPS was initially launched only for government employees.