Question : Directions: In the following question, two statements are given, each followed by two conclusions/assumptions, I and II. You have to consider the statements to be true, even if they seem to be at variance from commonly known facts. You have to decide which of the given conclusions/assumptions, if any, follows from the given statements.
Statements:
I. The principal will address the students at 10 a.m.
II. You are requested to take your seats before 10 a.m.
Assumptions:
I. If the student is not in his seat before 10 a.m., the function will not start.
II. The function will start as scheduled.

Option 1: Assumption II is implicit

Option 2: Neither I nor II is implicit

Option 3: Both I and II are implicit

Option 4: Assumption I is implicit

Question : The stabilisation function of the government budget mainly includes _____.

Option 1: allocation of resources.

Option 2: intervention to expand or reduce the demand.

Option 3: production of public goods.

Option 4: distribution of income in society in a fair way.

Question : It is possible to derive the value of the Gross Domestic Product (GDP) of a country. Which function of money is applicable here?

Option 1: Store of value

Option 2: Unit of account

Option 3: Standard of deferred payments

Option 4: Medium of exchange

Question : The production function can be expressed as (where L is labour, C is capital, and Q is the maximum output that can be produced).

Option 1: Q = f(C)

Option 2: L = f(Q, C)

Option 3: Q = f(L)

Option 4: Q = f(L, C)

Question : Comprehension:
In the following passage, some words have been deleted. Read the passage carefully and select the most appropriate option to fill in each blank.
Our school organised a graduation day to award certificates to the students. The graduation day highlights the overall achievements of students. All the students who are being graduated are invited formally with their parents. Students wore their attire according to the dress code given to them by the school administration. High school graduation____________(1) is one of the most awaited and last event of any school. The function began with ____________(2) the lamp, followed by the distribution of certificates in a very systematic way. Our principal made a long and__________(3) speech and blessed us for the future___________(4). On behalf of our graduating class, our class representative extended a vote of thanks to show ___________(5) to all staff members. One of the parents expressed their experiences and views. At last, all the students, parents, and staff members had lunch together.
Select the most appropriate option to fill in the blank number 2.

Option 1: lighting

Option 2: lightening

Option 3: sparking

Option 4: glittering