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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 .
In which year did UNO adopt a definition of absolute poverty?
A)
1994
B)
1995
C)
1996
D)
1997

Correct Answer : Option (B) - 1995

Published On : May 20, 2021
2 .
Inflation is measured by which index in India?
A)
CPL (Consumer Price Index)
B)
WPI (Whole price Index)
C)
GDP (Gross Domestic Product)
D)
IIP (Index of Industrial Production)

Correct Answer : Option (A) - CPL (Consumer Price Index)

Published On : May 20, 2021
3 .
The Indian Coins are minted at the four Indian Government Mints, which of the following is 'not' one of them?
A)
India Government Mint, Hyderabad (Telangana)
B)
India Government Mint, Kolkata (West Bengal)
C)
India Government Mint, Nasik (Maharashtra)
D)
India Government Mint, Mumbai (Maharashtra)

Correct Answer : Option (C) - India Government Mint, Nasik (Maharashtra)

Published On : May 20, 2021
4 .
What is meant by price discrimination?
A)
Subsidization of a product by the Government to sell it at a lower price
B)
Increase in price of a commodity over time
C)
General decrease in price of a commodity over time
D)
A situation where the same product is sold to different consumers for different prices

Correct Answer : Option (D) - A situation where the same product is sold to different consumers for different prices

Published On : May 20, 2021
5 .
A demand curve is a boundary concept because it shows
A)
The maximum quantity and the minimum price
B)
The minimum price and minimum quantity
C)
The maximum price and minimum quantity
D)
Both price and quantity is maximum

Correct Answer : Option (A) - The maximum quantity and the minimum price

Published On : May 20, 2021
6 .
Under monopoly the supply curve is absent because
A)
There is no entry for others
B)
Equilibrium involves MC = MR and MC
C)
The monopolist always makes profit
D)
The monopolist controls the supply

Correct Answer : Option (B) - Equilibrium involves MC = MR and MC

Published On : May 20, 2021
7 .
A perfectly competitive industry becomes a monopoly with the same cost conditions, it will now sell
A)
A larger output at the old price
B)
A larger output at a higher price
C)
A reduced output at a higher price
D)
An unchanged output at a higher price

Correct Answer : Option (C) - A reduced output at a higher price

Published On : May 20, 2021
8 .
In Imperfect competition total revenue rises at _______ upto an output level and then ______
A)
An increasing rate, rises
B)
An increasing rate, falls
C)
A decreasing rate, rises
D)
A decreasing rate, falls

Correct Answer : Option (D) - A decreasing rate, falls

Published On : May 20, 2021
9 .
A perfectly competitive market in the short run will be in equilibrium where
A)
MC = Zero
B)
MC = AC
C)
MC = MR
D)
None of the above

Correct Answer : Option (A) - MC = Zero

Published On : May 20, 2021
10 .
Select the one which is not the responsibility of Gram Sabha under the Rural Employment Guarantee Act, 2005
A)
To recommend projects to the Gram Panchayat and prepare list of possible works
B)
To receive applications for work and issue a dated receipt
C)
To monitor the execution of works within the Gram Panchayat
D)
To conduct regular social audits of all the projects taken up with in the Gram Panchayat

Correct Answer : Option (B) - To receive applications for work and issue a dated receipt

Published On : May 20, 2021