mcq of employees remuneration base salary and allowances

 

mcq of employees remuneration base salary and allowances

Compensation Management  (MCQ) with Answers 

Compensation Management – Multiple Choice Questions (MCQ) with Answers

1-Compensation can be _____ benefits.

1. Monetary
2. Non-monetary
3. both ‘a’ and ‘b’
4. None of the above

(Ans: c)

2-Wages represents _____ rates of pay.

1. Hourly
2. Daily
3. Weekly
4. Monthly

(Ans: a)

3-_______ are also called ‘payments by results’.

1. allowances
2. claims
3. incentives
4. fringe benefits

(Ans: c)

4-Incentives depends upon

1. productivity
2. sales
3. profits
4. All of the above

(Ans: d)

5-The following is paid only at the time of employees exit after serving more than five years

1. Perquisites
2. Claims
3. Gratuity
4. Allowances

(Ans: c)

6-The following is a perquisites.

1. Club membership
2. Provident fund
3. Medical allowance
4. Group insurance

(Ans: a)

7-‘A behaviour which has rewarding experience is likely to be repeated’ is postulated by

1. Reinforcement and expectancy theory
2. Equity theory
3. Agency theory
4. None of the above

(Ans: a)

8-‘A fair day work for fair day pay’ denotes a sense of _______ felt by employees.

1. Responsibility
2. Equity
3. Happiness
4. Respect

(Ans: b)

9-The remuneration system needs to meet the following type(s) of equity

1. Internal
2. External
3. Individual
4. All of the above

(Ans: d)

10-Which of the following factor influence(s) employee compensation?

1. Labour market
2. Cost of living
3. Labour unions
4. All of the above

(Ans: d)

11-Match the following

Business strategy	Compensation strategy
A. Invest to grow	1. Stress on cost control
B. Manage earnings – protect markets	2. Stimulate entrepreneurialism
C. Harvest earnings – reinvest elsewhere	3. Reward management skills

The correct answer is

1. A-1, B-2, C-3
2. A-2, B-1, C-3
3. A-2, B-3, C-1
4. A-3, B-1, C-2

(Ans: c)

12-Any compensation plan must be

1. Understandable, workable, acceptable
2. Reasonable, workable, acceptable
3. Understandable, feasible, acceptable
4. Understandable, workable, compensable

(Ans: a)

13-The following is not a part of remuneration model

1. Job description
2. Job evaluation
3. Job hierarchy
4. Job analysis

(Ans: d)

14-Elitist remuneration systems are prevalent among

1. Well established firms
2. Companies with mature products
3. Companies with limited competition
4. All of the above

(Ans: d)

15-In organized industrial establishments pay review takes place once in ____ years.

1. Three
2. Seven
3. Ten
4. Fifteen

(Ans: a)

16-Equal remuneration Act 1976, prohibits discrimination in matters relating to remuneration on the basis of

1. Religion
2. Region
3. Sex
4. All of the above

(Ans: d)

17-The following is not a concept of wage

1. Daily wages
2. Minimum wages
3. Fair wages
4. Living wages

(Ans: a)

18-_______ can be fixed by comparison with an accepted standard wage

1. Minimum wages
2. Fair wages
3. Living wages
4. All of the above

(Ans: b)

19-A ______ must be fixed considering the general economic conditions of the country.

1. Minimum wages
2. Fair wages
3. Living wages
4. All of the above

(Ans: c)

20-In India, _____ wage is determined mainly for sweated industries

1. Minimum
2. Fair
3. Living
4. Standard

(Ans: a)