Q122
Under which method the rate of wages are linked with the cost of living index?
A.
Flat time rate
B.
High day rate
C.
Measured day rate
D.
Graduated time rate
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Under Graduated time rate method the rate of wages are linked with the cost of living index. Under this method the rates of wages are linked up with the cost of living index. Thus, the rate per hour or day fixed initially goes on changing with the changes in the cost of living index.