Q. In India, which of the following determines the wage policy?

The correct answer is: b) Cost of Living.

Explanation: In India, the wage policy is primarily determined by the cost of living. This means that wages are set based on the expenses required to meet basic needs such as food, housing, clothing, healthcare, and education. The cost of living serves as a benchmark to ensure that workers can maintain a minimum standard of living. While factors like productivity and standard of living may influence wage considerations, the cost of living is the most significant determinant in formulating wage policies in India.