Question : For a country having an inflationary situation, which of the following statements is incorrect?

Option 1: The cost of living rises.

Option 2: Profit rises faster than wages.

Option 3: The value of money falls.

Option 4: The country's exports become more competitive.

Question : The law of demand states that when _____.

Option 1: income and price rise demand rises

Option 2: income rises demand rises

Option 3: price rises demand rises

Option 4: price falls demand rises

Question : Which law of economics states, "Bad money drives out good money"?

Option 1: Baxter's Law

Option 2: Ohm's Law

Option 3: Gresham's Law

Option 4: Gauss's Law

Question : Vishal sells a bag at a profit of 40%. If Vishal's profit is INR 880, then what is the cost price of the bag?

Option 1: INR 2,000

Option 2: INR 2,450

Option 3: INR 1,900

Option 4: INR 2,200

Question : Directions: The marks of seven students A, B, C, D, E, F, and G in a test were given as follows: A's score was exactly between E's and F's scores. B's score was more than only G's score. C's score was immediately more than B's score. F's score was more than E's score and F did not score the highest. Who scored the highest marks on the test?

Option 1: A

Option 2: G

Option 3: E

Option 4: D