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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 .
Net export equals to
A)
Export x Imports
B)
Export + Imports
C)
Export - Imports
D)
Exports of services only

Correct Answer : Option (C) - Export - Imports

Published On : May 20, 2021
2 .
Which of the following is regarded as a better measurement of economic development?
A)
National Disposable Income
B)
Per Capita Income
C)
National Income
D)
Private Disposable Income

Correct Answer : Option (B) - Per Capita Income

Published On : May 20, 2021
3 .
The Reserve Bank of India has constituted which committee to study various facets of household Finance in India ?
A)
Vasudev Committee
B)
Tarun Ramadorai Commitee
C)
C. B. Bhave Committee
D)
Abhijit Sen Committee

Correct Answer : Option (B) - Tarun Ramadorai Commitee

Published On : May 20, 2021
4 .
Which of the following is not a money market instrument ?
A)
Certificates of Deposit
B)
Commercial Bills
C)
Bills of exchange
D)
Trade Bill

Correct Answer : Option (D) - Trade Bill

Published On : May 20, 2021
5 .
Mixed Economy refers to
A)
Coexistence of public and private sector
B)
Coexistence of domestic and foreign enterprises
C)
Coexistence of small and large industries
D)
Coexistence of agriculture and industry

Correct Answer : Option (A) - Coexistence of public and private sector

Published On : May 20, 2021
6 .
How many countries are members of World Bank?
A)
189
B)
183
C)
175
D)
193

Correct Answer : Option (A) - 189

Published On : May 20, 2021
7 .
The Microfinance institutions (MFI) registered as Non-Banking Finace Companies (NBFC) are presently regulated by
A)
NABARB
B)
SEBI
C)
Reserve Bank of India
D)
SIDBI

Correct Answer : Option (C) - Reserve Bank of India

Published On : May 20, 2021
8 .
Under perfect market and in case of decreasing marginal cost the firm's equilibrium with respect to level of production
A)
Can be achieved after a high level of output
B)
Cannot be achieved
C)
Will result in run-away inflation
D)
Can be achieved after a small level of output

Correct Answer : Option (B) - Cannot be achieved

Published On : May 20, 2021
9 .
A monopolist charging high price operates on
A)
The constant elastic part of a demand curve
B)
Ignores elasticity of demand altogether
C)
The elastic part of a demand curve
D)
The inelastic part of a demand curve

Correct Answer : Option (D) - The inelastic part of a demand curve

Published On : May 20, 2021
10 .
A perfectly competitive firm will always expand output as long as
A)
Rising marginal cost is less than price
B)
Rising marginal cost is less than the average cost
C)
Rising marginal cost is less than the marginal revenue
D)
None of the above

Correct Answer : Option (D) - None of the above

Published On : May 20, 2021