Civil Services Prep

Prelims MCQ · Polity and Constitution

Which one of the following correctly distinguishes a minimum wage, a fair wage and a living wage?

  1. A living wage covers only food, shelter and clothing, while a minimum wage additionally covers education, health and insurance
  2. A minimum wage covers the bare necessities of life; a living wage extends to needs such as education, health and insurance; and a fair wage lies between them
  3. A fair wage and a living wage are constitutionally identical, while a minimum wage applies only to agricultural workers
  4. The three expressions describe the same standard and differ only according to the industry concerned
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