Question : The demand for labour is called
Option 1: Market demand .
Option 2: Direct demand .
Option 3: Derived demand .
Option 4: Factory demand .
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Correct Answer: Derived demand .
Solution : The correct option is derived demand.
Derived demand in labor means that the need for workers depends on the demand for the products or services they help create. For instance, if more cars are wanted, more labor will be needed in the auto industry. Conversely, if fewer cars are in demand, less labor will be required in that industry.
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Question : The demand for the commodity is direct but the demand for a factor of production is called a:
Option 1: crossed demand
Option 2: joint demand
Option 3: derived demand
Option 4: independent demand
Question : Direction: Which one of the given responses is the meaningful order of the following?
1. Infancy 2. Adult 3. Puberty 4. Childhood
Option 1: 1, 2, 3, 4
Option 2: 1, 4, 2, 3
Option 3: 1, 3, 4, 2
Option 4: 1, 4, 3, 2
1. Fruit 2. Pollen 3. Corolla 4. Stamen
Option 1: 2, 4, 3, 1
Option 2: 2, 3, 4, 1
Option 3: 3, 1, 4, 2
Option 4: 2, 1, 3, 4
Question : Directions: Arrange the following words as per order in the dictionary. 1. Nest 2. Neck 3. Neat 4. Near
Option 1: 4, 2, 3, 1
Option 2: 4, 2, 1, 3
Option 3: 4, 3, 2, 1
Option 4: 4, 1, 3, 2
Question : Directions: Arrange the following words as per their order in the dictionary. 1. Diffident 2. Difficult 3. Different 4. Diffidence
Option 2: 3, 2, 4, 1
Option 3: 2, 1, 3, 4
Option 4: 3, 2, 1, 4
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