Law
Question : Directions: Study the following histogram of wage distribution of different numbers of workers and answer the given questions. The number of workers earning more than Rs. 940 but less than Rs. 960 is:
Option 1: 15
Option 2: 16
Option 3: 23
Option 4: 26
Correct Answer: 15
Solution : The number of workers whose wages are between Rs. 940 to Rs. 950 is 5. The number of workers whose wages are between Rs. 950 to Rs. 960 is 10. $\therefore$ The number of workers earning more than Rs. 940 but less than Rs. 960
Question : Statement 1:The object of enterpreneurship is law full business. Statement 2: Entrepreneurship has certain temperamental,skill and other knowledge and competency requirements that can be acquired.
Option 1: Both are true
Option 2: Both are false
Option 3: Statement 1 is true and statement 2 is false.
Option 4: Statement 1 is false and statement 2 is true.
Correct Answer: Both are true
Solution : The object of entrepreneurship is lawful business. Entrepreneurship has skill and other knowledge and competency requirements that can be quiet learnt and developed both by formal education and vocational training as well as by observation and work experience.
Hence, option A is correct.
Question : The Competition (Amendment) Bill, 2022 belongs to _______ Ministry of India.
Option 1: Tribal Affairs
Option 2: Corporate Affairs
Option 3: Finance
Option 4: Law and Justice
Correct Answer: Corporate Affairs
Solution : The correct answer is Corporate Affairs.
The Competition (Amendment) Bill 2022 belongs to the Ministry of Corporate Affairs. The Bill amends the definition of turnover to include global turnover derived from all products and services by a person or an enterprise. The amendment
Question : Directions: Looking at the picture on the wall, he said "My sister-in-law S's husband Q's son N had a sister R". How is S related to R?
Option 1: Daughter
Option 2: Mother-in-law
Option 3: Daughter-in-law
Option 4: Mother
Correct Answer: Mother
Solution : Following the instructions of the question, the family tree will be –
Here, the quadrilateral represents the male, and the circular figure represents the female in the figure.
So, S is the mother of R. Hence, the fourth option is correct.
Question : The Law of Diminishing Marginal Utility will not hold good if the income of the consumer:
Option 1: Increases
Option 2: Decreases
Option 3: Remains constant
Option 4: Either a) or b)
Correct Answer: Either a) or b)
Solution : The correct answer is (d) Either a) or b).
The Law of Diminishing Marginal Utility assumes that the income of the consumer remains constant. When the consumer's income increases, they have the ability to purchase more units of a good, which can
Question : During the year ending on 31st March 2017 — 15%, What should be the minimum investment or deposit by Universal Ltd. to meet the requirement of law, if it realises or increases proportionate investment?
Option 1: On or Before 30th April,2016 and Rs 45,000
Option 2: On or before 30 April 2017 and Rs 75,000
Option 3: On or before 30 April 2020 And Rs 60,000
Option 4: None of the above
Correct Answer: On or Before 30th April,2016 and Rs 45,000
Solution : Answer = On or Before 30th April 2016 and Rs 45,000
On or Before 30th April 2016
15% of Rs. 20,00,000 =Rs. 3,00,000
15% of Rs. 3,00,000 = Rs.45,000 Hence, the correct option is 1.
Question : According to one of the assumption of Law of Diminishing Marginal Utility, there should be _______________between the consumption of one unit and another unit.
Option 1: Equal time gap
Option 2: No time gap
Option 3: Long time gap
Option 4: Any of these
Correct Answer: No time gap
Solution : The correct answer is (b) No time gap.
According to the assumption of the Law of Diminishing Marginal Utility, there should be no time gap between the consumption of one unit and another unit. This assumption implies that the units of a commodity
Question : Comprehension: In the following passage, some words have been deleted. Fill in the blanks with the help of the alternatives given. Select the most appropriate option for each number.
Equality and freedom have both been identified as important (1)_________ of democracy since ancient times. These. principles are reflected in all citizens being (2)_________ before the law and having equal access to (3)_________ processes. For example, in a representative democracy, (4)__________ vote has equal weight, no unreasonable restrictions can apply to anyone seeking to become a (5)___________, and the freedom of its citizens is secured by legitimised rights and liberties which are generally protected by a constitution.
Question: Select the most appropriate option to fill in the blank number 1.
Option 1: statistics
Option 2: characteristics
Option 3: analytics
Option 4: linguistics
Correct Answer: characteristics
Solution : The correct choice is the second option.
Explanation: In the context of the sentence, the word that best fits is "characteristics". The sentence is discussing the important features or attributes associated with democracy, and "characteristics" accurately conveys this meaning. It highlights the essential qualities
Question : In which of the following cases does the law of demand fail?
Option 1: Giffen goods
Option 2: Normal goods
Option 3: Inferior goods
Option 4: Both Giffen and inferior goods
Correct Answer: Giffen goods
Solution : The correct answer is Giffen goods.
The law of demand generally holds that when a good's price goes up, people tend to buy less of it, and when its price goes down, they buy more. However, Giffen goods stand as a unique exception
Question : Directions: Pointing to the lady in the photograph, Seema said "Her son's father is the son-in-law of my mother". How is Seema related to the lady?
Option 1: Sister
Option 2: Mother
Option 3: Cousin
Option 4: Aunt
Correct Answer: Sister
Solution : As per the given information, the family tree will be as follows –
So, from the above family tree, Seema is either the brother or sister of the lady.
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