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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 .
When goods in the domestic market are sold at a high price in the foreign market at a low price, it is a situation of
A)
Duopoly
B)
Oligopoly
C)
Dumping
D)
Perfect Competition

Correct Answer :   Dumping

Published On : May 19, 2021
2 .
Which of the following is not a condition of successful price discrimination
A)
Location of markets at distinct place
B)
Seller should be an MNC
C)
Consumers ignorance and prejudice
D)
Different elasticity of demand for different customer

Correct Answer :   Seller should be an MNC

Published On : May 19, 2021
3 .
Which of the following is the best general definition of the study of economics
A)
Individual and social choice in the face of scarcity
B)
The best way to invest in the stock market
C)
Business decision making under foreign competition
D)
lnflation and employment in a growing economy

Correct Answer :   Individual and social choice in the face of scarcity

Published On : May 19, 2021
4 .
Price discrimination policy helps in increasing profit in case of
A)
Oligopoly
B)
Perfect competition
C)
Monopoly
D)
Monopolistic competition

Correct Answer :   Monopoly

Published On : May 19, 2021
5 .
According to extant RBI guidelines, Payment Bank are not permitted to
A)
set up branches or ATMs
B)
accept remitances to be sent to multiple banks
C)
distribute mutual fund/ insurance/ pension products
D)
set up subsidiaries to under take NBFC activities

Correct Answer :   set up subsidiaries to under take NBFC activities

Published On : May 19, 2021
6 .
Which of the following statements correctly depicts Take off stage in an economy?
A)
It means economy is stagnant.
B)
It means steady growth begins.
C)
It means economy is about to collapse
D)
It means all controls are removed from economy.

Correct Answer :   It means steady growth begins.

Published On : May 19, 2021
7 .
World Economic Forum was founded by
A)
Klaus Schwab
B)
Paul Krugman
C)
Peter Thiel
D)
Bill Gates

Correct Answer :   Klaus Schwab

Published On : May 19, 2021
8 .
Who is the guardian of public fund in India?
A)
President
B)
Prime Minister
C)
Finance Minister
D)
Comptroller and Auditor General

Correct Answer :   Comptroller and Auditor General

Published On : May 19, 2021
9 .
Which of the following is not the function of Reserve Bank of India (RBI)?
A)
Banker to Government
B)
Issue of bank notes
C)
To open saving bank account for general public
D)
Custodian of cash reserves of Commercial Banks

Correct Answer :   To open saving bank account for general public

Published On : May 19, 2021
10 .
World Economic Forum introduced the new Global Competitiveness Index 4.0 in 2019. In this Index 4.0 represents
A)
Industry 4.0 (Fourth Industrial Revolution)
B)
Service 4.0 (Fourth Services Revolution)
C)
Agriculture 4.0 (Fourth Agricultural Revolution
D)
IT 4.0 (Fourth generation IT solutions)

Correct Answer :   Industry 4.0 (Fourth Industrial Revolution)

Published On : May 19, 2021