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
Correct Answer: Both A and B
Solution : The law of demand is not a quantitative law; rather, it is a qualitative one. This is due to the fact that it does not explicitly state how closely the amount demanded and the price relate to one another. As a result, we might say that the law of demand is a qualitative assertion.
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.
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.
Question : Which of the following statements are true?
Statement 1- Fines are former imposed to maintain law and order.
Statement 2- Fines are later impose to generate revenue.
Question : Second law of motion is also known as : (A) Law of Acceleration (B) Law of Inertia (C) Law of Reciprocal Action Force (D) Law of Momentum (E) Law of Gravity
Choose the correct answer from the options given below :
Question : Which of the following statement is incorrect?
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