UNIT TEST-1 Marks:50 Time: 90mins Answer all t e !"esti#ns: 1. Define Compensation? 2. Define Equity? 3. Difference between Procedural Justice & Distributi e Justice? !. "ow do you differentiate #a$e from %alary? &. #rite down any t'ree Cardinal Principles of #a$e Policy? Answer all t e !"esti#n: 1. #rite down t'e (mportance of Compensation? 2. #rite s'ort notes on) *+ Subsistence Theory ,+ Wage Fund Theory? 3. #rite down t'e Economic and %ocial -b.ecti e of wa$e policy wit' /imitations? !. #rite a s'ort note on #a$e Differentials? Answer in Detail: 1. Define #a$es and Different 0orms of #a$es in detail?