Correct Answer: The marginal utility derived from the good decreases at a decreasing rate.

Solution : The answer is (d) The marginal utility derived from the good decreases at a decreasing rate.

The law of diminishing marginal utility states that as a consumer consumes more of a good, the marginal utility derived from each additional unit of the good decreases. This means that the first unit of the good provides the most utility, the second unit provides less utility, and so on.

The law of diminishing marginal utility is an important concept in economics because it helps us to understand how consumers make decisions about what goods and services to purchase. It also helps us to understand why demand curves are downward sloping.

Correct Answer: Provide information required by law 

Solution : Labelling provides information required by law. For example the statutory warning on the package of cigaret or Pan masala, smoking is injurious to health or chewing tobacco is injurious to health. In case of hazardous goods or poisonous material appropriate safety warning is also required to be put on the label.

Hence, option B is correct.

Correct Answer: Law of demand

Solution : The Law of Demand is based on diminishing marginal utility. When the price of a good falls, a downward-sloping marginal utility curve implies that consumers must purchase more of the good in order for its marginal utility to fall and become equal to the new price.
Hence c will be the correct answer.
 

Correct Answer: Sister-in-law

Solution : According to the given information, the family tree is as follows –

Here, the quadrilateral represents the male, and the circular figure represents the female in the figure.

So, from the above family tree, Babita is the sister-in-law of Chiranjiv's wife. Hence, the first option is correct.

Correct Answer: Statement 1 is false and statement 2 is true.

Solution : Labeling is used as effective sales promotional tool. Labelling is to provide statutory warning required by law. To put "smoking is injurious to health" on the package of cigarette and "chewing tobacco is injurious to health" on the package of Pan masala are the examples of statutory warning.

Hence, option D is correct.

Correct Answer: unless the President

Solution : The correct choice is the second option.

Until is used for time, and the subordinating conjunction unless (if not) introduces the condition in the sentence.

For example, Ram will not pass unless he works hard.

Therefore, the revised sentence would be: "A law cannot be enforced unless the President gives his assent to it."

Correct Answer: Article 14

Solution : The correct option is Article 14.

The concept of equality before the law in the Indian Constitution is primarily enshrined in Article 14. Article 14 states that "the State shall not deny to any person equality before the law or the equal protection of the laws within the territory of India." This provision ensures that all individuals, regardless of their background, are treated equally by the law.

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.

Correct Answer: constitution

Solution : The correct answer is the constitution.

Every law enacted by the government has to conform to the "constitution." The constitution of a country serves as the supreme law of the land and outlines the fundamental principles, rights, and structure of the government.

Correct Answer: Attorney General of India

Solution : The correct answer is Attorney General of India.

The Attorney General of India is the Government of India's principal legal advisor. Under Article 76(1) of the Constitution, the Attorney General is appointed by the President of India at the request of the Union Cabinet. The attorney general must be eligible to be appointed as a Supreme Court justice.