Which of the following sectors include those enterprises that are registered by the Factories Act, Minimum Wages Act, Payment of Gratuity Act, Shops and Establishments Act etc.?
Answer & explanation
Correct answer: option 3
Organised sector covers those enterprises or places of work where the terms of employment are regular and therefore, people have assured work. They are registered by the government and have to follow its rules and regulations which are given in various laws such as the Factories Act, Minimum Wages Act, Payment of Gratuity Act, Shops and Establishments Act etc. It is called organised because it has some formal processes and procedures.