31. The unorganized sector is an often repeated term in Indian economic sector discussions. Which of the following is not a characteristic of the unorganized sector in India?
31. The unorganized sector is an often repeated term in Indian economic sector discussions. Which of the following is not a characteristic of the unorganized sector in India?
The correct option is B The wages of unorganized sector employees are always below the minimum wages prescribed by the government.
The sector which is not registered with the government and whose terms of employment are not fixed and regular is considered as unorganised sector. In this sector, no government rules and regulations are followed. Entry to such sector is quite easy as it does not require any affiliation or registration. The government does not regulate the unorganised sector, and hence taxes are not levied. A number of acts apply to an organised sector like Factories Act, Bonus Act, PF Act, Minimum Wages Act, etc. whereas unorganised sector is not governed by any such act. This sector includes those small size enterprises, workshops where there are low skill and unproductive employment.
The working hours of workers are not fixed. Moreover, sometimes they have to work on Sundays and holidays. They get daily wages for their work, which is comparatively less than the pay prescribed by the government.
The sector which is not registered with the government and whose terms of employment are not fixed and regular is considered as unorganised sector. In this sector, no government rules and regulations are followed. Entry to such sector is quite easy as it does not require any affiliation or registration. The government does not regulate the unorganised sector, and hence taxes are not levied. A number of acts apply to an organised sector like Factories Act, Bonus Act, PF Act, Minimum Wages Act, etc. whereas unorganised sector is not governed by any such act. This sector includes those small size enterprises, workshops where there are low skill and unproductive employment.
The working hours of workers are not fixed. Moreover, sometimes they have to work on Sundays and holidays. They get daily wages for their work, which is comparatively less than the pay prescribed by the government.
