Question

3)Which of the following is considered as labor:

a. Any exertion of mind or body that undergone with a view to some good other than the pleasure derived directly from the work.

b. Any human effort, for which a reward or remuneration is not received

c. Labor is the human effort used in the production process for which a reward or remuneration is paid either in kind or in cash.

d. All of the above.

4. Craft unions

a. Sometimes called white-collar unions.

b. Represent workers in the same industry

c. They usually represent workers with the same skills across several industries.

d. Represent workers from many different occupations and industries.

5. Which one of the following is 'FALSE:

a. If a person had to do many different tasks or operations, then much time would be wasted switching from one task to another.

b. Labor has strong bargaining power.

c. There cannot be a rupid adjustment of the supply of labor to the labor demand

d. Because of the division of labor, work may become dull

Answer 1

3) LABOUR IS THE ONE WHO PUTS PHYSICAL EFFORT TO PRODUCE SOME OUTPUT AND IS PAID WAGES ACCORSING TO THE WORK.
THUS AS PER THE OPTIONS WE CAN SAY THAT LABOUR IS THE HUMAN EFFORT USED FOR PRODUCTION AND PAID REMUNERATION FOR THE EFFORT EITHER IN CASH OR IN KIND, ANSWER : (c)
WHILE A LABOUR WORK IN EXCHANGE OF REMUNERATION THUS 2ND OPTION IS INCORRECT.
NOT ALWAYS A LABOUR GET PLEASURE FROM WORK THUS OPTION a IS ALSO INCORRECT.

4) CRAFT UNION MEANS THE UNION CONSISTING OF PEOPLE WITH SAME SKILLS. THUS AS PER THE OPTIONS WE CAN SAY THAT CRAFT UNION REPRESENT WORKER OF SAME SKILL ACROSS INDUSTRY. ANSWER : (c)

HOWEVER AS PER THE DEFINITION GIVEN ABOVE, NONE OF THE OPTION EXCEPT OPTION c IS CORRECT BECAUSE NON OF THEM SPEAKS ABOUT SKILL OF WORKER.

5) AMONG ALL THE OPTION b IS FALSE. BECAUSE LABOUR UNION HAS BERGAINING POWER BUT INDIVIDUAL LABOUR DOESN'T HAVE IT. ANSWER : (b)

REASON FOR OTHER OPTIONS BEING TRUE:

OPTION a : IF ONE WORKER IS ASSOCIATED WITH MANY WORK THEN TIME MAY BE WASTED WHILE SWITCHING FROM ONE JOB TO ANOTHER, THUS IT'S TRUE.

OPTION c : IN A DEVELOPED ECONOMY RAPID ADJUSTMENT IS POSSIBLE
OPTION d : MANY LABOUR EMPLOYED IN SINGLE WORK MAY MAKE THE WORK DULL