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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 .
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 :   Reserve Bank of India

Published On : May 20, 2021
2 .
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 :   Cannot be achieved

Published On : May 20, 2021
3 .
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 :   The inelastic part of a demand curve

Published On : May 20, 2021
4 .
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 :   None of the above

Published On : May 20, 2021
5 .
When the income elasticity of demand is greater than unity, the commodity is
A)
A luxury
B)
A necessity
C)
An inferior good
D)
A non-related good

Correct Answer :   A luxury

Published On : May 20, 2021
6 .
Which among the following targets for 11th Plan (2007-12) is incorrect?
A)
Double per capita income by 2016-17
B)
GDP growth rate to be increased to 10 percent
C)
Farm sector growth to be increased to 6 percent
D)
Literacy rate to be increased to 80%

Correct Answer :   Farm sector growth to be increased to 6 percent

Published On : May 20, 2021
7 .
Devaluation of currency will be more beneficial if prices of
A)
domestic goods remain constant
B)
exports become cheaper to importers
C)
exports rise proportionately
D)
imports remain constant

Correct Answer :   exports become cheaper to importers

Published On : May 20, 2021
8 .
Which of the following statements is correct about circular economy?
A)
Circulation of national income through all segments of the economy
B)
Working of economy under zero base budgeting
C)
Reusing waste back into the production cycle to produce new products
D)
Giving high priority to informal sector

Correct Answer :   Reusing waste back into the production cycle to produce new products

Published On : May 20, 2021
9 .
Which of the following is issued by registered foreign portfolio investors to overseas investors who want to be part of the Indian stock market without registering themselves directly?
A)
Participatory Note
B)
Promissory Note
C)
Commercial Paper
D)
Certificate of Deposit

Correct Answer :   Participatory Note

Published On : May 20, 2021
10 .
Who is the fiscal agent and advisor to government in monetary and financial matters?
A)
NABARD
B)
SBI
C)
NITI Ayog
D)
RBI

Correct Answer :   RBI

Published On : May 20, 2021