MMPH-007 Compensation and Rewards Management Solved Question Paper December 2022

MMPH-007 Compensation and Rewards Management Solved Question Paper December 2022

Compensation and Rewards Management
Course Code: MMPH-007

MASTER OF BUSINESS ADMINISTRATION

(MBA)

Term-End Examination
December, 2022

MMPH-007 : COMPENSATION AND REWARDS

MANAGEMENT

Time : 3 hours Maximum Marks : 100
(Weightage : 70%)
Note : Attempt any five questions. All questions carry 20
marks.

1. Delineate the major functions of the
compensation programme. What is the overall
objective of a compensation policy ?
2. Compare and contrast any three wage theories.
3. Explain the economic, sociological, political,
psychological and ethical aspects related to wage
fixation.
4. Write short notes on any three of the following :
(a) Time-Span of Discretion Method
(b) Decision Band Method
(c) Job Assessment
(d) Point Rating Method

5. What are the different methods for conducting
wage surveys ? Explain any two.
6. What is the difference between a pay commission
and a wage board ? Discuss the relative merits
and demerits of different methods of wage
determination.
7. Enlist various types of allowances that are drawn
by employees. Cite suitable examples.