HTML
   HTML5
   CSS
   CSS3
   JavaScript
   jQuery
   AngularJS
   Articles
   Tech Articles
   Blog
Google News
logo
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 .
Market with one buyer and one seller is called
A)
Bilateral Monopoly
B)
Monopsony
C)
Monopoly
D)
None of the above

Correct Answer :   Bilateral Monopoly

Published On : May 19, 2021
2 .
Which of the following Prime Ministers of India, is regarded as the Father of Economic Reforms?
A)
Rajiv Gandhi
B)
P. V. Narshimha Rao
C)
Atal Bihari Vajpayee
D)
Manmohan Singh

Correct Answer :   P. V. Narshimha Rao

Era of LPG (Liberalisation, Privatisation and Globalisation) was started in India in 1992, during the Prime Minister ship of P.V. Narsimha Rao. Dr. Manmohan Singh was the Finance Minister at that time.

Published On : May 19, 2021
3 .
Disguised unemployment generally means
A)
Large number of people remain unemployed
B)
Alternative employment is not available
C)
Marginal productivity of labour is zero
D)
Productivity of workers is low

Correct Answer :   Marginal productivity of labour is zero

Disguised unemployment, means that more people are engaged in a job which can be done with less people, normally seen in agriculture where whole family is involved.

Published On : May 19, 2021
4 .
Who issues the Special Drawing Rights (SDR) in the following?
A)
Asian Development Bank
B)
International Monetary Fund
C)
World Trade Organization
D)
World Bank

Correct Answer :   International Monetary Fund

The International Monetary Fund issues paper currency or SDR (Special Drawing Right) to member countries.

Published On : May 19, 2021
5 .
Which one of the following equals Personal Disposable Income?
A)
Private Income - Saving of Private Corporate Sectors - Corporation Tax
B)
Total expenditure of Households - Income Tax - Gifts received
C)
Private Income - Taxes
D)
Personal Income - Direct taxes paid by households and miscellaneous fees, fines, etc.

Correct Answer :   Personal Income - Direct taxes paid by households and miscellaneous fees, fines, etc.

Published On : May 19, 2021
6 .
Pump Priming a term coined by Prof. J.M. Keynes is an effective tool to
A)
Create employment through public investment even in unproductive activities during depression in the economy
B)
Control inflation through fiscal measures
C)
Create infrastructure in urban areas
D)
Encourage private entrepreneurs to invest in core sectors

Correct Answer :   Create employment through public investment even in unproductive activities during depression in the economy

Published On : May 19, 2021
7 .
Where is the headquarters of Lakshmi Vilas Bank situated?
A)
Bengaluru
B)
Chennai
C)
Nagpur
D)
Kolkata

Correct Answer :   Chennai

Published On : May 19, 2021
8 .
Physical Quality of Life Index (PQLI) is developed by
A)
Morris D. Morris
B)
UNDP
C)
Mehbub-ul-Haq
D)
None of the above

Correct Answer :   Morris D. Morris

Published On : May 19, 2021
9 .
Which of the following is the main function of National Development Council in India?
A)
To activate the means and efforts of states for implementation of the planning
B)
To develop the general policies in all the important areas
C)
To confirm the balanced development in all the areas of the country
D)
All of these

Correct Answer :   All of these

Published On : May 19, 2021
10 .
In the context of Indian economy, Open Market Operations refers to
A)
Borrowing by scheduled banks from the RBI
B)
Lending by commercial banks to industry and trade
C)
Purchase and sale of government securities by the RBI
D)
None of the above

Correct Answer :   Purchase and sale of government securities by the RBI

The repo and reverse repo rates are used when RBI purchases or sells the government securities. This route is known as Open Market Operations.

Published On : May 19, 2021