Organised sector enterprises must follow laws such as the Factories Act and the:
AContract Act
BMinimum Wages Act
CIncome Tax Act
DCompanies Act
Answer & Solution
Correct answer: B. Minimum Wages Act
1. Rules and regulations govern employment.
2. Wages have a legal floor.
3. The Minimum Wages Act applies.
_Source: syllabus Economics, Understanding Economic Development, Chapter 2, Sectors of the Indian Economy._
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