Q:

The maximum number of electrons that can be accommodated in M shell is

A) 8	B) 2
C) 18	D) 32

Answer & Explanation Answer: C) 18

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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

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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

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Q:

If price of an article decreases from Rs 800 to Rs 700, quantity demanded increases from Q1 units to 70 units. If point elasticity of demand is -1.333 find Q1?

A) 80 units	B) 90 units
C) 60 units	D) 50 units

Answer & Explanation Answer: C) 60 units

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Q:

In May 2017, the Base year of All-Indian WPI (Wholesale Price Index) has been revised from 2004-05 to ______.

A) 2010-11	B) 2015-16
C) 2011-12	D) 2016-17

Answer & Explanation Answer: C) 2011-12

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Q:

Which one of the following indices is now used by the Reserve Bank of India to measure the rate of inflation in India?

A) NASDAQ Index	B) BSE Index
C) Consumer Price Index	D) Wholesale Price Index

Answer & Explanation Answer: C) Consumer Price Index

Explanation:

The Wholesale Price Index (WPI) was main index for measurement of inflation in India till April 2014 when RBI adopted new Consumer Price Index (CPI) as the key measure of inflation.

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Q:

A manufacturer faces price elasticity of demand of a -2 for its product. If it lowers its price by 5%, the increase in quantity sold will be

A) 3%	B) 10%
C) 2.50%	D) 7%

Answer & Explanation Answer: B) 10%

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Q:

Calculate the economic profit for a firm if it's total revenues are Rs. 35 crores, explicit costs are Rs. 7 crores, and implicit costs are Rs. 10 crores.

A) Rs. 32 crores	B) Rs. 52 crores
C) Rs. 18 crores	D) Rs. 38 crores

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