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Read the following paragraph and answer the questions that follow : According to Global Wage Report 2018-19, published by International Labour Organisation (ILO), women are paid most unequally in India, compared to men, when it comes to hourly wages for labour. This gap in wages, known as gender wage gap, is the highest among 73 countries, says studies based on the report. These findings are based on the data from 136 countries.On an average, women are paid 34% less than the men in India, and globally, the hourly wages of women are 16% less than those of men. The inequality is higher in the monthly wages, with a gap of 22%.Overall, real wages grew just 1.8% globally(136 countries) in 2017. Women are paid higher hourly wages than men in Bangladesh.The gender wage gap has remained unchanged at 20% from 2016 to 2017. But in 2017, the gender gap was accompanied by near-stagnation in wages. Real wage growth was lowest since 2008, the year of the financial crisis. In real terms, global wage growth declined to 1.8% in 2017, from 2.4% in 2016. In advanced economies, real wage growth declined from 0.9% in 2016 to 0.4% in 2017, meaning near stagnation. By contrast, in emerging economies and developing countries, real wage growth dipped marginally from 4.9% in 2016 and 4.3% in 2017.This global stagnation in real wages come in line with global growth forecast, which was revised lower by International Monetary Fund (IMF)earlier. The slowdown in wage at level of hourly labour wages is in contrast with organised sector salaries.The ILO is United Nations agency dealing with labour issues, particularly international labour standards, social protection, and work opportunities for all. It was established, in 1919, as an agency of the League of Nations, and is headquartered in Geneva, Switzerland. India is a founder member of the ILO. At present, it has 187 members. The principal means of action in the ILO is the setting up of international standards in the form of conventions, recommendations, and protocol.1. On what kind of change do we need to place an emphasis as far as the wages of men and women are concerned, globally?a. Equal wages.b. Real wage growthc. Slowdown in wage growth.d. Gender-wage gap.2. What is the full form of IMF?a. Indian Money Fund.b. International Monetary Fund.c. International Money Fund.d. Indian Monetary Fund.3. Women are paid higher hourly wages than men in :a. India.b. Chinac. Bangladeshd. United States.4. From 2016 to 2019, the gender wage gap has remained unchanged at :a. 10%b. 45%c. 50%d. 20%5. The ILO was established in :a. 1919b. 1999c. 1989d. 19906. The number of members that the ILO, at present has is :a. 87b. 187c. 136d. 737. The slowdown in wage at level of hourly labour wages is in contrast with_____sector salaries.a. unorganisedb. privatec. organisedd. joint8. The ILO was established in 1926.a. TRUEb. FALSE9. According to Global Wage Report 2018-19, published by International Labour Organisation (ILO), women are paid most unequally in India, compared to men.a. TRUEb. FALSE10. The ILO is headquartered at New York, US.a. TRUEb. FALSE |
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Answer» 1. a. Equal wages. 2. b. International Monetary Fund. 3. c. Bangladesh 4. d. 20% 5. a. 1919 6. b. 187 7. c. organised 8. b. FALSE 9. a. TRUE 10. b. FALSE |
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