Question : Statement 1: Marginal utility is the additional satisfaction derived from consuming one additional unit of a good.

Statement 2: The law of diminishing marginal utility states that as a consumer consumes more of a good, the additional satisfaction derived from each additional unit decreases.

Option 1: Statement 1 is true, and statement 2 is false.

Option 2: Statement 1 is false, and statement 2 is true.

Option 3: Both statement 1 and statement 2 are true.

Option 4: Both statement 1 and statement 2 are false.

Question : Which of the following statement is correct?
Statement 1: Labeling is used as an ineffective sales promotional tool.
Statement 2: Labelling is to provide statutory warning required by law.
 

Option 1: Both are true 

Option 2: Both are false

Option 3: Statement 1 is true and statement 2 is false.

Option 4: Statement 1 is false and statement 2 is true.

Question : Statement 1:The object of enterpreneurship is law full business.
Statement 2: Entrepreneurship has certain temperamental,skill and other knowledge and competency requirements that can be acquired.
 

Option 1: Both are true 
 

Option 2: Both are false
 

Option 3: Statement 1 is true and statement 2 is false.
 

Option 4: Statement 1 is false and statement 2 is true.

Question : Which one of the following is related to the advisory jurisdiction of the Supreme Court?

Option 1: Speaker of the parliament seeking opinion from the Supreme Court

Option 2: Election commission seeking opinion from the Supreme Court

Option 3: States seeking opinion from the Supreme Court

Option 4: President of India seeks opinion on law or facts

Question : Law of Demand is a:
(a) Qualitative Statement
(b) Quantitative Statement
 

Option 1: Only A

Option 2: Only B

Option 3: Both A and B 

Option 4: None of the above