SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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unorganized sector
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organized sector
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Primary sector
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Private sector
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Detailed explanation-1: -The enterprises or places of work where the terms of employment are regular and therefore, people have assured work. They are registered by the government and have to follow its various laws such as the Factories Act, Minimum Wages Act, Payment of Gratuity Act, Shop and Establishment Act, etc.
Detailed explanation-2: -The Minimum Wages Act 1948 generally specifies minimum wage rates on a per day basis, and extends to the entire country and is revised within a period of not less than five years, however there is a provision to increase dearness allowance every two years.
Detailed explanation-3: -The Minimum Wages Act, 1948 is applicable to the whole of India as laid down in Section 1 of the Act. It applies to any employment if it employs 1000 employees in the respective state.