Q:

A manufacturer faces a -1.2 price elasticity of demand for its product. It is presently selling 7,500 units/day. If it wants to increase quantity sold by 9%, it must lower its price by

A) 7.5 percent	B) 7.8 percent
C) 10.2 percent	D) 10 percent

Answer & Explanation Answer: A) 7.5 percent

Explanation:

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Q:

Which of the following salts is acidic in nature?

A) Sodium Carbonate	B) Ammonium Phosphate
C) Magnesium Sulphate	D) Sadium Acetate

Answer & Explanation Answer: A) Sodium Carbonate

Explanation:

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Q:

Which north-eastern state of India has signed up to host the 39th National Games in the year 2022?

A) Meghalaya	B) Mizoram
C) Manipur	D) Tripura

Answer & Explanation Answer: A) Meghalaya

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Q:

Which one of the following is lyophilic colloid?

A) Gold sol	B) Smoke
C) Cloud	D) Starch aqueous solution

Answer & Explanation Answer: D) Starch aqueous solution

Explanation:

Starch aqueous solution is a lyophilic colloidal solution.

Lyophilic colloids are liquid loving colloids. When these colloids are mixed with suitable liquid high force of attraction exists between colloidal particles and liquid.

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Q:

What are stars primarily made of?

A) Oxygen and Hydrogen	B) Hydrogen and Carbon
C) Hydrogen and Helium	D) Oxygen and Helium

Answer & Explanation Answer: C) Hydrogen and Helium

Explanation:

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Q:

India was able to achieve the fiscal deficit target for the Financial Year 2016-17. It was how much percent of GDP?

A) 3.50%	B) 4.20%
C) 3.00%	D) 2.50%

Answer & Explanation Answer: A) 3.50%

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Q:

If tea companies start using mechanised tea leave pickers

A) more people would want to work as tea leave pickers	B) unemployment of tea leave pickers will decrease
C) more tea will be produced per acre	D) then wages for manual tea leave pickers will fall

Answer & Explanation Answer: D) then wages for manual tea leave pickers will fall

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Q:

Working capital is a measure of

A) liquidity	B) consistency
C) profitability	D) solvency

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