Question:
Which Act makes the provision for the statutory fixation of a minimum rate of wages in the industry?
Which Act makes the provision for the statutory fixation of a minimum rate of wages in the industry?
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Remember: The Minimum Wages Act, 1948, ensures fair wages, while the Payment of Wages Act, 1936, regulates the payment process.
Updated On: Jan 7, 2025
- Payment of Wages Act, 1936
- Minimum Wages Act, 1948
- Workmen’s Compensation Act, 1923
- Contract Labour Act, 1970
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The Correct Option is B
Solution and Explanation
The Minimum Wages Act, 1948, provides for the fixation of minimum wages in various industries to ensure that workers receive a fair wage for their labor. It prevents exploitation by mandating a minimum wage for specified categories of employment.
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