Question : Testing skills in psychology are important for:  

Option 1: Entertaining subjects with puzzles  

Option 2: Assessing psychological attributes using standardized instruments  

Option 3: Making subjective judgments about individuals

Option 4: Diagnosing physical health conditions

Question : Which of the following is a primary purpose of testing skills in psychology?  

Option 1: To entertain subjects  

Option 2: To diagnose physical illnesses  

Option 3: To assess mental and emotional well-being  

Option 4: To prescribe medication  

Question : National income is generated from:

Option 1: any money-making activity

Option 2: any laborious activity

Option 3: any profit-making activity

Option 4: any productive activity

Question : Which of the following best illustrates the concept of individual differences in psychology?

Option 1: All humans have the ability to experience emotions.

Option 2: Some individuals have a higher tolerance for stress than others.

Option 3: People generally feel happy when they receive compliments.

Option 4: Most individuals have a natural instinct for survival.

Question : Case Study 30

LMN Corporation is a conglomerate that has executed trades on a stock exchange. The company's management is preparing for the settlement process.

Question : 

What does the settlement process involve after LMN Corporation executes trades on the stock exchange?

Option 1: Selecting a broker
 

Option 2: Matching buy and sell orders
 

Option 3: Transferring ownership and funds

Option 4: Opening a demat account