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:

In India, which of the following is regulated by the Forward Markets Commission?

A) Currency Futures Trading	B) Commodities Futures Trading
C) Equity Futures Trading	D) Both Commodities Futures and Financial Futures Trading

Answer & Explanation Answer: B) Commodities Futures Trading

Explanation:

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Q:

Working capital is a measure of

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

Answer & Explanation Answer: A) liquidity

Explanation:

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Q:

Propyne and propene can be distinguished by

A) AgNO₃ in ammonia	B) conc. H₂SO₄
C) dil. KMnO₄	D) Br₂ in CCl₄

Answer & Explanation Answer: A) AgNO₃ in ammonia

Explanation:

Propene, being an alkene, and propyne, being a alkyne, are distinguished using the common chemical tests namely ammoniacal silver nitrate or ammoniacal cuprous chloride. Ammoniacal silver nitrate is also called as Tollen's reagent.

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Q:

Which of the following is not the properties of an ionic compound?

A) Soluble in water and insoluble in petrol	B) High melting and boiling points
C) Low melting and boiling points	D) Solid and hard

Answer & Explanation Answer: C) Low melting and boiling points

Explanation:

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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:

Name the Russian chemist who stated that the properties of elements are a periodic function of their atomic masses?

A) Markovnikov	B) Zelinsky
C) Mendeleev	D) Zaitsev

Answer & Explanation Answer: C) Mendeleev

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Q:

Which one reveals, more appropriately, functioning of the heart?

A) Electrocardiogram	B) Echocardiogram
C) Stethoscope	D) Lipid profile

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