Question

Which Act makes the provision for the statutory fixation of a minimum rate of wages in the industry?

• A. Payment of Wages Act, 1936
• B. Minimum Wages Act, 1948
• C. Workmen’s Compensation Act, 1923
• D. Contract Labour Act, 1970

Hint:

Remember: The Minimum Wages Act, 1948, ensures fair wages, while the Payment of Wages Act, 1936, regulates the payment process.

Answer 1

The Correct Option is B

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.