The factors which caused variation of minimum wages in India are ndash I Prices of essential co...........

Industrial Relation and labour law Labour Laws -I

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The factors which caused variation of minimum wages in India are –

I. Prices of essential commodities

II. Paying capacity

III. Productivity

IV. Differences in exchange rates.

I only

IV only

I, III and IV

I, II, III and IV

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Explanation:

The fixation of minimum wage in India, depends upon various factors like socio- economic and agro-climatic conditions, prices of essential commodities, paying capacity and the local factors influencing the wage rate. It is for this reason that the minimum wages vary across the country.