2023 · Q87
A minimum rate of remuneration which shall be applied to an employee working on piece work for the purpose of securing to employees a minimum rate of wages on a time work basis under the Minimum Wages Act, 1948 is known as:
Industrial Relations and Labour LawsWage-related laws
- AA minimum piece rate
- BA guaranteed time rate
- CA minimum time rate
- DA guaranteed piece rate
Explanation
Section 2 of the Minimum Wages Act, 1948 defines a 'guaranteed time rate' as the minimum rate of remuneration applicable to a piece worker for the purpose of securing to him the minimum rate of wages on a time-work basis. It is the statutory safety net for piece-rated employees. Hence (b).