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A minimum rate of remuneration which shall be applied to an employee working on piece work for the purpose of securing to such employees a minimum rate of wages on a time work basis under the Minimum Wages Act, 1948 is known as :
A minimum piece rate
A guaranteed time rate
A minimum time rate
A guaranteed piece rate
- Option 1: A minimum piece rate
- This refers to the lowest rate paid per piece, ensuring wages do not drop below a set level per item produced.
- Option 2: A guaranteed time rate
- This ensures the worker earns a minimum wage equivalent to a specific hourly or daily rate, regardless of their output.
- Option 3: A minimum time rate
- Similar to the guaranteed time rate but emphasizes the minimum amount an employee should earn for time worked.
- Option 4: A guaranteed piece rate
- Guarantees a minimum earning per piece, ensuring workers earn at least a specified rate, even if their piece output is low.
Correct Answer: Option 2: A guaranteed time rate
- This term indicates a minimum wage on a time work basis, aligning with the definition you provided.
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