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Question : When was the Champaran Agrarian Law passed by the British government?

Option 1: 1918

Option 2: 1919

Option 3: 1917

Option 4: 1916

Team Careers360 22nd Jan, 2024

Correct Answer: 1918


Solution : The correct option is 1918.

In 1918, the British passed the Champaran Agrarian Law after Mahatma Gandhi's successful Satyagraha movement. This law abolished the exploitative "Tinkathia" system, where farmers were forced to grow indigo for landlords. It marked a significant victory for tenant rights and laid the groundwork for future Indian independence movements.

146 Views

Question : Assertion (A): The demand curve shows the inverse relationship between the own price of a good and its quantity demanded.
Reason (R): Law of diminishing marginal utility advocates that consumer gets lesser satisfaction for each additional unit consumed

Option 1: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation
of Assertion (A)

Option 2: Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation
of Assertion (A)

Option 3: Assertion (A) is true but Reason (R) is False

Option 4: Assertion (A) is False but Reason (R) is True

Team Careers360 20th Jan, 2024

Correct Answer: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation
of Assertion (A)


Solution : The rule of demand—the inverse relationship between prices and quantity demanded—is once again demonstrated by the downward slope of the demand curve. Each product will have a somewhat distinct demand curve.
According to the law of declining marginal utility, when consumption rises, the marginal utility gained from each extra unit decreases, all other things being equal.
Hence option a is the correct answer.
 

9 Views

Question : In which of the following cities is the principal bench of the National Company Law Tribunal located?

Option 1: Mumbai

Option 2: New Delhi

Option 3: Bengaluru

Option 4: Ahmedabad

Team Careers360 16th Jan, 2024

Correct Answer: New Delhi


Solution : The correct option is New Delhi.

The principal bench of the National Company Law Tribunal (NCLT) in India is located in New Delhi. The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates issues related to company law. It was established under the Companies Act 2013, and it handles matters such as corporate disputes, insolvency and bankruptcy proceedings and cases related to the Companies Act.

9 Views

Question : The Attorney General of India has the right to audience in

Option 1: any Sessions Court

Option 2: High Court

Option 3: Supreme Court

Option 4: any court of law within the territory of India

Team Careers360 24th Jan, 2024

Correct Answer: any court of law within the territory of India


Solution : The correct answer is any court of law within the territory of India.

Article 76 of the Indian constitution provides for the office of Attorney General of India. He is appointed by the President of India and he is the full-time counsel of the Government of India. He is the highest law officer in the country and he has the right to audience in any court of law within the territory of India. He can also be the part of proceedings of Parliament without any voting rights.

30 Views

Question : Assertion (A): The price-demand curve has a downward slope.
Reason (R): Inverse relationship between price and demand is stated by the law of demand, holding all other parameters constant.

Option 1: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation
of Assertion (A).

Option 2: Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation
of Assertion (A).

Option 3: Assertion (A) is true but Reason (R) is False

Option 4: Assertion (A) is False but Reason (R) is True

Team Careers360 17th Jan, 2024

Correct Answer: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation
of Assertion (A).


Solution : "Quantity demand of a product diminishes if the product's price increases," is how the law of demand is defined. That is, if a product's price increases, fewer people will buy it.
Another way to put it is that the downward slope of the demand curve emphasizes the asymmetry between price and quantity desired.
Hence option a is the correct answer.

19 Views

Question : The third stage of the law of variable proportion is called:

Option 1: negative return

Option 2: positive return

Option 3: constant return

Option 4: increasing return

Team Careers360 19th Jan, 2024

Correct Answer: negative return


Solution : The correct answer is the negative return.

Negative returns are the third step of the law of changing proportions. This is the point at which adding more variable inputs to the fixed inputs causes the overall product to start declining. The reason for this is the ineffective use of the variable inputs. There are several reasons why there could be negative returns. The different inputs could start to compete with one another for resources, for starters. For instance, workers on a production line may begin to obstruct one another if there are too many of them.

35 Views

Question : Find the part of the given sentence that has an error in it. If there is no error, choose ‘No Error’.

Shivam is more cleverer than any other boy in the office.

Option 1: than any other boy

Option 2: Shivam is more cleverer

Option 3: in the office

Option 4: No Error

Team Careers360 20th Jan, 2024

Correct Answer: Shivam is more cleverer


Solution : The correct choice is the second option.

The error is in the use of more cleverer, as the word more is redundant because the correct comparative form is clever.

Therefore, the correct sentence is: Shivam is cleverer than any other boy in the office.

9 Views

Question : As per law of DMU the marginal utility from each commodity keeps on

Option 1: begins to increase

Option 2: remains constant

Option 3: begins to decrease

Option 4: becomes zero

Team Careers360 22nd Jan, 2024

Correct Answer: begins to decrease


Solution : The correct answer is (c) begins to decrease

According to the law of diminishing marginal utility (DMU), the marginal utility from each commodity begins to decrease as more units of the commodity are consumed.

The law of diminishing marginal utility states that as a consumer consumes more and more units of a commodity, the additional satisfaction or utility derived from each additional unit diminishes. In other words, the consumer experiences diminishing marginal utility.

25 Views

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

One who runs away from the law.

Option 1: Fatalist

Option 2: Convict

Option 3: Fugitive

Option 4: Lunatic

Team Careers360 20th Jan, 2024

Correct Answer: Fugitive


Solution : The third option is the correct answer.

The term fugitive is the most appropriate, as it specifically refers to a person who is fleeing or evading legal authorities to escape punishment or arrest. 

The meanings of the other options are as follows:

  • A convict is a person found guilty of a criminal offence and serving a sentence in prison.
  • A lunatic is a person who is mentally ill, especially one who is insane.
  • A fatalist is someone who believes that events are predetermined and inevitable, often in a negative or fatalistic sense.
25 Views

Question : Which of these is not a part of the classification of economic activities carried out in an economy?

Option 1: Production

Option 2: Consumption

Option 3: Distribution

Option 4: Law and order

Team Careers360 17th Jan, 2024

Correct Answer: Law and order


Solution : The correct option is Law and order.

Law and order maintenance is not classified as part of economic activities. Maintaining law and order falls under the purview of governance, public administration, and the justice system, which are considered non-economic activities. While crucial for a stable and functioning society, they are distinct from economic activities that directly contribute to the production, and exchange of goods and services.

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