MPM (Semester – I)
ECONOMICS FOR HUMAN RESOURCE MANAGEMENT
(CBCS – 2013 Pattern)
Time: 2 ½ Hours Max marks 50.
1) All questions are compulsory.
2) Each question is having option.
3) All questions carry 10 marks.
4) Neat diagrams must be drawn where ever necessary.
5) Figures to the right indicate full marks.
a) Bring out the various features of the Indian labour market.
b) Discuss how an organization has to prepare in context to the retirement and voluntary retirement schemes.
a) Explain the meaning of wage regulations. Bring out its importance.
b) “An organization needs to consider different considerations behind wage setting” Explain
Q III] (10)
a) Explain the meaning of straight pay and variable pay. Discuss its role in increasing moral and productivity in the organization.
b) Discuss why wage contracts need to be economically efficient and incentive compatible.
a) Justify the need to provide various incentives for retaining workers.
b) Labour mobility has been influenced by 1991 LPG policy.
a) Does the nature of employee discrimination changes within industry? Explain with examples.
b) Are laws under employee discrimination useful in preventing employee discrimination? Discuss with suitable examples.