Question : Select the most appropriate synonym of the bracketed word in the following sentence to fill in the blank.

It is hard to draw clear lines of _____ (division) between work and leisure.

Option 1: comprehension

Option 2: administration

Option 3: demarcation

Option 4: procrastination

Question : While computing Net Economic Welfare (NEW), which of the following items is subtracted from Gross National Product (GNP)?

Option 1: Value of leisure time

Option 2: Adjustments for congestion of urban life

Option 3: Do-it-yourself activities

Option 4: The underground economy

Question : The line chart given below shows the income and expenditure of a company in five years.

Saving = Income – Expenditure
What is the difference between the average income and average saving in years C and D together?

Option 1: 450

Option 2: 250

Option 3: 150

Option 4: 350

Question : Select the option that can be used as a one-word substitute for the given group of
words.
Free time; time at one’s own disposal

Option 1: Leisure

Option 2: Legible

Option 3: Lethal

Option 4: Legion

Question : Which of the following statements are correct?

Option 1: Many workers will work for less than their reservation wages.

Option 2: The reservation wage is the maximum amount any firm will pay for a worker.

Option 3: Economic rent is the difference between the market wage and the reservation.

Option 4: Economic rent is the amount one must pay to enter a desirable labour market.