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Cost of new machine is considered as In House Research' project was promoted by Branding seeks Which of the following statement is true for GDSS? Which of the following statements are true/false? 1. The Labour legislations are based on five principles. 2. A country needs to ratify ILO's convention so that it becomes a law in the country. 3. Payment of Gratuity Act, 1972 is a an employee welfare legislation. 4. Regulative legislations lay down rights and duties of employer and employees, while focusing on relationship of workers with trade unions.