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Which statement best explains Floor wage?

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Question ID #27443 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 9 Medium

Which statement best explains Floor wage?

Correct Answer: B. Central benchmark under the Code on Wages below which state minimum wages should not be fixed
Floor wage: Central benchmark under the Code on Wages below which state minimum wages should not be fixed

Question: Which statement best explains Floor wage?

A. Consolidates central laws relating broadly to wages, minimum wages, bonus and equal remuneration

B. Central benchmark under the Code on Wages below which state minimum wages should not be fixed

C. Measures aimed at preventing workplace accidents and occupational hazards

D. Legal process by which a trade union obtains registered status under applicable labour law

Correct Answer: B. Central benchmark under the Code on Wages below which state minimum wages should not be fixedFloor wage: Central benchmark under the Code on Wages below which state minimum wages should not be fixed

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Which statement best explains Floor wage? - MCQ Explanation

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Correct answer: B. Central benchmark under the Code on Wages below which state minimum wages should not be fixed