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Management Managerial Economics Difficulty: Medium

Following are the problems in developing the economies EXCEPT Which of the following statements are true/false? 1. Registered Trade Unions are registered under Section 2(e) of the Trade Union Act, 1926. 2. Trade Disputes are defined under Section 2(g) of the Trade Union Act, 1926. 3. The Application of registration of Trade Union is covered under Section 3. 4. The Chief Labour Commissioner will issue a certificate in the prescribed format confirming the registration of Trade Union. Match the following effects List-I with their meanings given in List-II . List-I List-II a. Placebo effect 1. Self fulfilled prophecy b. Hawthorne effect 2. Rating error due to attribution to single trait c. Pygmallion effect 3. Belief system d. Halo effect 4. Controlled behaviour under observation An adolescent who has been given a certificate of fitness to work, has worked for 232 days during the calendar year 2016 in a factory. He has been on leave with wages forten days during the year. How many days of leave with wages he shall be entitled to during the year 2017? "The price which is necessary to retain a given unit of a factor in a certain industry may be called its transfer earnings or transfer price." Defined by