LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034
B.A. DEGREE EXAMINATION – ECONOMICS
FIFTH SEMESTER – NOVEMBER 2012
EC 5403 – LABOUR ECO. & LABOUR WELFARE
Date : 16/11/2012 Dept. No. Max. : 100 Marks
Time : 9:00 – 12:00
Part – A
Answer any Five questions in about 75 words each: (5 x 4 = 20)
- Differentiate between labour market and product market
- Distinguish between nominal wage and real wage.
- Comment on the marginal productivity theory of wage.
- Bring out the push and pull factors responsible for rural-urban migration.
- What is meant by collective bargaining?
- Distinguish between “Job Clustur and Wage Contour”
- What do you understand by fair wage and living wage?
Part – B
Answer any Four questions not exceeding 250 words each: (4×10=40)
- Discuss the various social security measures in India.
- Explain the Sashkin’s model of workers participation in management.
- Examine the Wage Fund Theory.
- Evaluate the Minimum Wages Act 1948.
- Bring out the aims and objectives of ILO.
- Estimate the payment of bonus act 1965.
- Define trade union & outline the history of trade union investment in India.
Part-C
Answer any Two questions not exceeding 900 words each: (2 x 20=40)
- Discuss the problem of unemployment in India. Suggest remedies.
- Examine the classical theory of employment.
- Explain the institutional labour market model.
- Bring out the economic and non economic causes for industrial disputes and explain the preventive and settlement measures.
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