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Question : What is the First Law of Gossen?

Option 1: Law of Equi-marginal utility

Option 2: Law of Diminishing marginal utility

Option 3: Law of supply

Option 4: Law of demand

Team Careers360 23rd Jan, 2024

Correct Answer: Law of Diminishing marginal utility


Solution : The correct answer is (b) Law of Diminishing marginal utility.

The Law of Diminishing Marginal Utility, also known as the First Law of Gossen, states that as a consumer consumes more units of a specific good, the additional utility or satisfaction derived from each additional unit decreases. In other words, as consumption increases, the marginal utility decreases. This law helps explain why consumers are willing to pay less for additional units of a good and why they seek to allocate their resources in a way that maximizes their overall satisfaction.

10 Views

Question : An artificial person created by law is called 

Option 1: Sole tradership 

Option 2: Partnership

Option 3: Company 

Option 4: All of the above

Team Careers360 24th Jan, 2024

Correct Answer: Company 


Solution : Answer = Company 

An artificial person created by law refers to a company. Unlike sole traderships and partnerships, which are business structures formed by individuals, a company is a separate legal entity established under the law. It has rights, responsibilities, and liabilities distinct from its owners, making it an independent legal entity. A company is an artificial legal person enjoying a separate entity from its members.

 

14 Views

Question : Which law was formulated in 1662 and concluded that the product of pressure and volume remains almost constant?

Option 1: Avogadro's law

Option 2: Dalton's law

Option 3: Boyle's law

Option 4: Charles's law

Team Careers360 25th Jan, 2024

Correct Answer: Boyle's law


Solution : The correct option is Boyle's law.

The law is Boyle's law, formulated by physicist and chemist Robert Boyle in 1662. Boyle's law states that the pressure of a given amount of gas is inversely proportional to its volume at a constant temperature. In other words, when the volume of a gas decreases, the pressure increases, and vice versa, as long as the temperature remains constant.

2 Views

Question : Which of the following institutions is mandated by the Constitution to make recommendations to the President on the principles which should govern the grants in-aid of the revenues of the States out of the Consolidated Fund of India?

Option 1: Finance Commission

Option 2: Department of Expenditure

Option 3: Reserve Bank of India

Option 4: Law Commission

Team Careers360 22nd Jan, 2024

Correct Answer: Finance Commission


Solution : The correct answer is the Finance Commission.

The President constitutes the Finance Commission, a body established by the Constitution. It establishes guidelines for how the Centre should allocate funds from the India Consolidated Fund to the states as aid and makes recommendations for ways to boost state resources.

17 Views

Question : Select the option that can be used as a one-word substitute for the given group of words.

The theory or philosophy of law.

Option 1: Jurisprudence

Option 2: Pacifism

Option 3: Cosmology

Option 4: Philia

Team Careers360 19th Jan, 2024

Correct Answer: Jurisprudence


Solution : The first option is the correct choice.

Jurisprudence is the correct one-word substitute for the theory or philosophy of law.

The meanings of the other options are as follows:

  • Pacifism refers to a different concept, which is a belief in peace and opposition to war.
  • Cosmology refers to the study of the universe's origin and structure, which is unrelated to the theory of law.
  • Philia refers to a type of love or friendship that is not related to the theory or philosophy of law.
9 Views

Question : Whose law states that total energy per unit mass of flowing fluid, at any point in the subsurface, is the sum of the kinetic, potential and fluid-pressure energy and is equal to a constant value?

Option 1: Daniel Bernoulli

Option 2: Evangelista Torricelli

Option 3: Blaise Pascal

Option 4: Marie Poiseuille

Team Careers360 24th Jan, 2024

Correct Answer: Daniel Bernoulli


Solution : The correct option is Daniel Bernoulli.

Bernoulli's principle, which is named after Daniel Bernoulli, a Swiss mathematician and physicist, states that the total energy per unit mass of flowing fluid at any point in the subsurface (or any point in the flow) is the sum of its kinetic energy, potential energy, and fluid pressure energy. This principle is fundamental in fluid dynamics and is used to explain various phenomena, including the behaviour of fluids in pipes, the lift of an aeroplane wing, and much more.

21 Views

Question : The thrust against the water in swimming is an example of the law of:

Option 1: Gravitation

Option 2: Inertia

Option 3: Reaction

Option 4: Acceleration

Team Careers360 23rd Jan, 2024

Correct Answer: Reaction


Solution : It is the third law of motion . According to this law , "For every action,there is always an equal and opposite reaction. Example: Swimming--- A swimmer pushes the water backwards (action) . The water pushes the swimmer forward (reaction) with the same force.

32 Views

Question : Which of the following acts, enacted by the British Parliament, provided for the establishment of a Law Commission for the consolidation and codification of Indian laws?

Option 1: Indian Council Act, 1909

Option 2: Government of India Act, 1919

Option 3: Charter Act, 1813

Option 4: Charter Act, 1833

Team Careers360 22nd Jan, 2024

Correct Answer: Charter Act, 1833


Solution : The correct option is the Charter Act, of 1833.

The Charter Act of 1833 was a significant piece of legislation enacted by the British Parliament regarding the governance of British India. The act marked the end of the East India Company's trade monopoly with China and the East Indies. It allowed private traders to engage in these trades. The act expanded the Governor-General's Council with the addition of four law members to help with legislative and legal matters.

9 Views

Question : In which year did John Alexander Newlands propound a new concept of the 'Law of Octaves' proposing the periodicity of chemical elements arranged in order of atomic weight?

Option 1: 1860

Option 2: 1865

Option 3: 1873

Option 4: 1870

Team Careers360 24th Jan, 2024

Correct Answer: 1865


Solution : The correct option is 1865.

John Alexander Newlands proposed the "Law of Octaves" in 1865. According to the Law of Octaves, chemical elements display comparable properties after every eighth element when grouped in increasing atomic weight order.

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