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General Knowledge(GK) (or) General Awareness

Welcome to the General Knowledge Section of Free Time Learning. As we are aware General Knowledge (GK) is a very important area in all the competitive exams held in the country. Nowadays, a good knowledge of general awareness is very important in clearing any competitive and government recruitment examinations.

These General Knowledge Question are very important and usefull to UPSC, IAS/PCS, UPPSC, IBPS, SBI, RBI, SSC, CGL, Railway, APPSC, TSPSC, KPSC, TNPSC, TPSC, UPPSC, MPSC, RPSC, BPSC, MPPSC, UKPSC, MPSC, and other competitive exams.

1 .
Monopoly equilibrium can be reached when
A)
Marginal cost is rising
B)
Marginal cost is falling
C)
Marginal cost is remaining constant
D)
All of the above

Correct Answer : Option (D) - All of the above

Published On : May 20, 2021
2 .
The size of a monopolist's plant and the degree of utilisation of any given plant size, depend entirely on the
A)
Factor price
B)
Market Supply
C)
Market demand
D)
Price of the good

Correct Answer : Option (C) - Market demand

Published On : May 20, 2021
3 .
The value of σ for Cobb-Douglas production function is
A)
-1
B)
0
C)
1
D)
∞

Correct Answer : Option (C) - 1

Published On : May 20, 2021
4 .
In perfect competition, there is a process of
A)
Semi-free exit but absolute free entry
B)
Free entry and free exit of the firms
C)
Restricted entry and exit of the firms
D)
Free entry but restricted exit of the firms

Correct Answer : Option (B) - Free entry and free exit of the firms

Published On : May 20, 2021
5 .
On an indifference map, higher indifference curves show
A)
The higher level of utility
B)
The optimum level of satisfaction
C)
The same lower level of satisfaction
D)
Levels of satisfaction among which the consumer is indifferent

Correct Answer : Option (A) - The higher level of utility

Published On : May 20, 2021
6 .
59-minute Loan portal is related to
A)
Weaker Sections
B)
Foreign Investors in priority sectors
C)
Micro, Small and Medium Enterprises (MSME) sector
D)
Marginal and Small farmers

Correct Answer : Option (C) - Micro, Small and Medium Enterprises (MSME) sector

Published On : May 20, 2021
7 .
Which of the following financial markets facilitates issue of new securities ?
A)
Secondary Market
B)
Spot Market
C)
Derivative Market
D)
Primary Market

Correct Answer : Option (D) - Primary Market

Published On : May 20, 2021
8 .
A general or life insurance policy with a sum assured of Rs. Fifty Thousand or less is known as a
A)
Plain Insurance policy
B)
Micro Insurance policy
C)
Basic Insurance policy
D)
Basic Insurance policy

Correct Answer : Option (B) - Micro Insurance policy

Published On : May 20, 2021
9 .
Domestic Systematically Important Banks (D-SIBs) is announced with the term
A)
Too big to fail
B)
Too big to fall
C)
Too big to pass
D)
Too big to stop working

Correct Answer : Option (A) - Too big to fail

Published On : May 20, 2021
10 .
Which of the following banks never suffered loss in any quarter since the late 1950s ?
A)
Bradseco (Brazil)
B)
Wells Fargo (US)
C)
Santander (Spain)
D)
Banco Popolare (Italy)

Correct Answer : Option (C) - Santander (Spain)

Published On : May 20, 2021