M.A. (Semester III) Examination, 2017
ECONOMICS (PAPER IX)
LABOUR ECONOMICS
Day Date: Saturday, 06-05-2017 Max. Marks: 50
Time: 10.30 AM to 12.30 PM
N.B. All questions are compulsory.
Figures to the right indicate full marks.
Q.1 Rewrite the following sentences by choosing the correct
alternatives from those given below:
10
The labour market in underdeveloped countries are
organized unorganized
developed none of these
The demand for labour is depend on
marginal productivity value of labour wage rate
use of labour intensive technique all
the determinant of labour force.
working population government restrictions
disguised unemployment none of these
The Royal Commission recommended for the
recruitment of the workers.
direct mediators
contractors trade unions
The reason responsible for the growth of educated
unemployment is
industrial development agricultural development
rapid economic development defects in education system
According to subsistence theory of wages, the wages paid to
workers are equal to
capital expenses wage fund
demand for labour subsistence expenses
The residual claimant theory of wages was propounded by
F. A. Walker J. S. Mill
J. B. Say Dr. Marshall
The minimum wages act passed in
1925 1935
1948 1962
Page 1 of 4
SLR-P 190
The payment of Bonus Act passed in
1955 1965
1975 1985
10) According to Wages Fund Theory, the rise in labour supply
leads to
declining wage rate increasing wage rate
rising expenses declining profit
Q.2 Write short answer [Any Four] 08
Define labour market.
What is mobility of labour?
What is Poverty?
Define rationalization.
What is living wage?
Define profit sharing.
Q. 3 Write short notes (Any Four) 12
Imperfection in labour market
Productivity of labour
Relationship between employment and development.
Standard of living theory of wages.
Concept of fair wage
Bonus system
Q.4 Explain the nature and characteristics of labour market. 10
OR
Take a brief review of national wage policy.
Q.5 Discuss various methods of recruitment of labour. 10