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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 .
Which of the following statements is correct about Micro, Small and Medium Enterprises sector of Indian economy?
A)
There are an estimated 2.6 crore MSMEs in the country as on March 2019
B)
MSME sector provides employment to six crore persons
C)
MSMEs sector contributes 45 per cent to the manufacturing sector's output and 40 per cent to the nation's exports
D)
All of the above

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

Published On : May 20, 2021
2 .
Fiscal Performance Index has been developed and released by
A)
Fourteenth Finance Commission
B)
Confederation of Indian Industry
C)
International Bank for Reconstruction and development
D)
Reserve Bank of India

Correct Answer : Option (B) - Confederation of Indian Industry

Published On : May 20, 2021
3 .
Which of the following is not an instrument of fiscal policy?
A)
Primary deficit
B)
Management of Public Debt
C)
Tax structure
D)
Statutory Liquidity Ratio

Correct Answer : Option (D) - Statutory Liquidity Ratio

Published On : May 20, 2021
4 .
What kind of tax is G.S.T.?
A)
Indirect Tax
B)
Direct Tax
C)
Depends on the type of goods and services
D)
None of the above

Correct Answer : Option (A) - Indirect Tax

Published On : May 20, 2021
5 .
Methodology of estimation of national income in India changed from the year
A)
2012-13
B)
2013-14
C)
2014-15
D)
2015-16

Correct Answer : Option (C) - 2014-15

Published On : May 20, 2021
6 .
The Union Government has constituted a committee to form a strategy to expedite the process of transforming India into a cashless economy. The name of the committee is
A)
Shah Committee
B)
Amitabh Kant Committee
C)
Tarapore Committee
D)
Bimal Julka Committee

Correct Answer : Option (B) - Amitabh Kant Committee

Published On : May 20, 2021
7 .
A life insurance policy which pays out the sum insured under such scenarios death and survival of the insured person is known as
A)
Annuity policy
B)
Endowment policy
C)
Term insurance policy
D)
Whole life policy

Correct Answer : Option (B) - Endowment policy

Published On : May 20, 2021
8 .
GDP is
A)
nation's total economic activity
B)
value of all finished goods produced in one year by its nationals
C)
value of goods and services produced in an area, industry or sector of an economy
D)
capital that has been consumed over the year in the form of housing, vehicle or machinery deterioration

Correct Answer : Option (C) - value of goods and services produced in an area, industry or sector of an economy

Published On : May 20, 2021
9 .
The Reserve Bank of India has adopted star series numbering system for replacement of the
A)
Defectively printed banknotes
B)
Altered and shrunk banknotes
C)
Washed and mutilated banknotes
D)
Dirty and soiled banknotes

Correct Answer : Option (A) - Defectively printed banknotes

Published On : May 20, 2021
10 .
A closed economy is an economy in which
A)
the money supply is fully controlled
B)
deficit financing takes place
C)
only exports take place
D)
neither exports nor imports take place

Correct Answer : Option (D) - neither exports nor imports take place

Published On : May 20, 2021