Labour Welfare Fund: Ensuring Social Security and Worker Well-being
Introduction:
Labour welfare funds play a crucial role in providing financial assistance and essential support to workers in need. The concept of labour welfare aims to enhance working conditions, ensure social security, and elevate the standard of living for employees. This article delves into the Labour Welfare Fund Act, its scope, applicability, and the process of contribution. Additionally, it highlights the various facilities and services funded by the Labour Welfare Fund to benefit workers across different states.
Labour Welfare Fund Act: A Glimpse
The Labour Welfare Fund Act, established by state legislatures, focuses on promoting the welfare of workers. Under this Act, employers and employees make contributions to the fund to avail various facilities and benefits. The rate of contribution may vary from state to state, and the act is applicable in 16 states along with some union territories.
Scope and Services Offered:
The scope of the Labour Welfare Fund Act extends to several crucial areas:
Applicability:
The Labour Welfare Fund Act is not universally applicable and depends on the wages earned and the employee's designation. Additionally, the Act's applicability is contingent upon the total number of employees in the establishment. Different states may have varying criteria for determining applicability based on the number of employees.
Contribution Process:
Contributions to the Labour Welfare Fund can be made annually, half-yearly, or monthly, depending on the state-specific Act.
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1.The Labour Welfare Fund Act focuses on promoting the welfare of which group?
A.Employers
B. Employers and employees
C.Employees
D.None of the above
Ans: C.Employees
2.How many states and union territories is the Labour Welfare Fund Act applicable in?
A. 5 states
B.10 states and 2 union territories
C. 16 states and some union territories
D.20 states and all union territories
Ans: C.16 states and some union territories
3.Which of the following areas is NOT covered under the scope of the Labour Welfare Fund Act?
A. Housing
B. Family Care and Worker's Health Services
C. Workers' Retirement Benefits
D. Education and Vocational Training
Ans: C.Workers' Retirement Benefits
4.The Labour Welfare Fund Act provides financial aid and loans to workers for constructing houses at ____________ rates.
A. Market rates
B. Higher rates
C.Concessional rates
D. None of the above
Ans: C. Concessional rates
5.Which facility ensures that children of employees receive healthy and nutritious meals?
A.Housing
B.Family Care and Worker's Health Services
C.Workers' Activity Facilities
D.Nutritious Food for Children
Ans: D. Nutritious Food for Children
6.The applicability of the Labour Welfare Fund Act depends on which of the following factors?
A.Wages earned by employees
B.Designation of the employee
C.Total number of employees in the establishment
D.All of the above
Ans: D.All of the above
7.How frequently can contributions be made to the Labour Welfare Fund?
A.Annually
B. Half-yearly
C.Monthly
D.All of the above
Ans: D.All of the above
8.The Labour Welfare Fund Act is established by:
A.Central government
B.State legislatures
C.International organizations
D. Employers' associations
Ans: B. State legislatures
9.Which of the following facilities is NOT offered by the Labour Welfare Fund?
A.Workers' Activity Facilities
B.Education and Vocational Training
C.Retirement benefits for workers
D.Family Care and Worker's Health Services
Ans: D.Retirement benefits for workers
10.What is the primary aim of the Labour Welfare Fund Act?
A.Enhancing working conditions
B.Promoting recreational activities for workers
C.Supporting employers financially
D.None of the above
Ans: A.Enhancing working conditions