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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 is a correct statement
A)
The desire for a commodity backed by ability and willingness to pay is demanded
B)
When income increases demand for essential good increase, more than proportionately
C)
The demand for a commodity is inversely related to the price of its substitutes.
D)
Decrease in input prices causes a left word shift in the supply curve

Correct Answer :   The desire for a commodity backed by ability and willingness to pay is demanded

Published On : May 19, 2021
2 .
In oligopoly market kinked demand curve explains
A)
Short run average cost curve
B)
Long run average cost curve
C)
Average variable cost curve
D)
Collusion among rival firms

Correct Answer :   Collusion among rival firms

Published On : May 19, 2021
3 .
An example of derived demand is
A)
Car
B)
Money
C)
Cigarette
D)
Mobile Phone

Correct Answer :   Money

Published On : May 19, 2021
4 .
All the following curves are U-shaped except
A)
AC curve
B)
MC curve
C)
AFC curve
D)
AFC curve

Correct Answer :   AFC curve

Published On : May 19, 2021
5 .
What is the nature of Elasticity of demand for luxury items like high class furniture
A)
zero elastic
B)
unit elastic
C)
fairly elastic
D)
highly elastic

Correct Answer :   highly elastic

Published On : May 19, 2021
6 .
The share of the concerned State Government in the capital of Regional Rural Banks is
A)
5%
B)
15%
C)
30%
D)
50%

Correct Answer :   15%

Published On : May 19, 2021
7 .
Which one of the following was the main objective of 12th Five Year Plan?
A)
Inclusive growth
B)
Increase in per capita GDP
C)
Self-reliant and self-gene-rated economy
D)
Poverty eradication and achievement of self-reliance

Correct Answer :   Inclusive growth

Published On : May 19, 2021
8 .
The main reason for the high growth of money supply in India since 1990 is
A)
Foreign borrowing
B)
RBI credit to the government
C)
Budgetary expenditure
D)
Taxation

Correct Answer :   Foreign borrowing

Published On : May 19, 2021
9 .
Which one is the apex institution in the sphere of agricultural financing in India?
A)
Corporation Bank
B)
Cooperative Bank
C)
Regional Rural Banks
D)
NABARD

Correct Answer :   NABARD

Published On : May 19, 2021
10 .
Which of following is India's oldest and most successful initiative of Digital India Programme?
A)
Digilocker
B)
UMANG
C)
Direct Benefit Transfer
D)
Pradhan Mantri Gramin Digital Saksharta Mission

Correct Answer :   Direct Benefit Transfer

Published On : May 19, 2021