Veer Bahadur Singh Purvanchal University 2010-6th Sem B.B.A (ester) , , Human Resource-Compensation Management - Question Paper

B.B.A.(Sixth Semester) Examination, 2010
Specialization-Human Resource
Subject-Compensation Management
Time:Three Hours
Maximum Marks: 70

Note: Attempt any 5 ques.. All ques. carry equal marks.

1) describe Compensation. define briefly the objectives and features of managerial compensation in an organisation.

2) describe the term 'minimum wages'. elaborate the essentials of a minimum wages? Can it be applied to agricultural labour in India? explain.

3) Distinguish ranging from the 'Piece Rate System' and the 'Time Rate System' of wages payment. Examine the merits and demerits of every of them.

4) Critically examine the 'wage fund theory' of wages. In what way the theory is better than the 'subsistence theory' of wages?

5) discuss the modern theory of wages. Can you define the most satisfactory theory of wages determination?

6) Differentiate ranging from 'financial' and 'non-financial' incentives. explain their relative importance.

7) discuss the importance of social security in India and explain the efforts made by government.

8) What is meant by 'Fringe Benefits'? Indicate their different forms. What precautions would you take while administering them?

9) provide the main provision of the Payment of Bonus Act, 1965. How far is this Act satisfactory in the current economic situation of the industry?

10)Write short notes on any 2 of the following:
(a) Fair and residing wages
(b) bargaining theory of wages
(c) kinds of allowances
(d) Payment of Gratuity Act, 1972.

Earning:   Approval pending.