CMA Intermediate · Business Laws and Ethics · The Code on Wages, 2019
Under the Code on Wages, 2019, which statement about the review or revision of minimum rates of wages is correct?
The appropriate Government must review or revise minimum rates of wages ordinarily at an interval not exceeding five years. The Code sets neither an annual nor a ten-year cycle, and revision is made by Government notification, not by employers' associations.
- AThe Government must revise them every year without exception
- BThe Government shall review or revise them ordinarily at an interval not exceeding five yearsCorrect
- CThe Government need review them only once in ten years
- DRevision is left entirely to employers' associations
Explanation
The Code requires the appropriate Government to review or revise minimum rates of wages ordinarily at an interval not exceeding five years. It is neither annual nor ten-yearly, and revision is done by the Government by notification.
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