What is included in the definition of minimum wages -
Food, clothing and shelter
Food, clothing and shelter is correct.
A minimum wage is the lowest pay that an employer must legally give a worker. It is fixed so that a worker can at least meet the basic needs of life for himself and his family, and these basic needs are food, clothing and shelter.
In India minimum wages are set under laws such as the Minimum Wages Act, 1948. Employment, investment, marriage or cars are not part of the needs a minimum wage is meant to cover.
How has the World Bank defined extreme poverty?
Which of the following is not related to 'Empowerment of women'?
Which of the following is not a constituent of Human Development Index (HDI)?
The Statistical Indicator of Equitable distribution of Income is
Which of the following is not a dimension of Human Development Index?
Select the correct statement/s.
(a) India ranks 131 in United Nation's Human Development Index, 2020.
(b) Life expectancy of Indians at birth in 2019 was 72.6 years while Bangladesh had life expectancy of 69.7 years
(c) Switzerland ranks 1st in United Nation's Human Development Index, 2020.