Consider the following statements 1 Over the past years more jobs have been created in the inf...........

Economic Affairs Employment related Issues

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Consider the following statements:

1. Over the past years, more jobs have been created in the informal sector as compared to the formal sector

2. Organizations on which Industrial Disputes Act is applicable, prefer to employ contractual workers

Which of the statements given above is/are correct?

1 only

2 only

Both 1 and 2

None of these

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Explanation:

Both statements are correct because, More jobs have been created in informal sector in the past years. Stmt 1 is correct.
IDA (Industrial disputes act), 1947 puts many disabilities on the organizations e.g. organisations employing more than 100 workers have to seek approval from state govt. before layoffs and entrenchment. Thus, they employ contractual workers to avoid these strict laws.