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 .
Narsimhan Committee-II was set up for which of the following purposes ?
A)
Efficiency and Productivity
B)
Banking reform process
C)
Export of IT sector
D)
Fiscal Reform process

Correct Answer :   Banking reform process

Published On : May 21, 2021
2 .
Which one of the following statements about 'Niryat Bandhu Scheme' is correct ?
A)
It is a scheme for mentoring first generation entrepreneurs
B)
It is a scheme for the vulnerable section of the socity
C)
It is a scheme for monitoring rural poor
D)
It is a scheme for crop protection

Correct Answer :   It is a scheme for mentoring first generation entrepreneurs

Published On : May 21, 2021
3 .
In case of contraction or extension in demand, the movement is along a demand curve whereas in case of increase or decrease, the demand curve will move
A)
upward
B)
downward
C)
Any of these
D)
None of the above

Correct Answer :   Any of these

Published On : May 21, 2021
4 .
A market situation in which there are only few sellers & each seller can influence its price-output policy is called
A)
Duopoly
B)
Oligopoly
C)
Monopoly
D)
Monopolistic

Correct Answer :   Oligopoly

Published On : May 21, 2021
5 .
The monopolist faces
A)
A downward sloping demand curve
B)
A downward sloping average revenue curve
C)
Both (a) and (b)
D)
None of the above

Correct Answer :   Both (a) and (b)

Published On : May 21, 2021
6 .
Which of the following refers to perfect competition
A)
There are no restrictions on movement of goods
B)
There are no restrictions on factors of production
C)
Both (a) and (b)
D)
There are restrictions on buyers and sellers

Correct Answer :   Both (a) and (b)

Published On : May 21, 2021
7 .
Duopoly means
A)
Two firms are independent as regards their price-output decisions
B)
Two firms are interdependent as regards their price-output decisions
C)
Two monopoly firms
D)
None of the above

Correct Answer :   Two firms are interdependent as regards their price-output decisions

Published On : May 21, 2021
8 .
Bilateral monopoly means
A)
Two rival buyers only
B)
Two rival sellers only
C)
A monopolist facing a monopsonist
D)
A monopoly seller buying his input from many suppliers

Correct Answer :   A monopolist facing a monopsonist

Published On : May 21, 2021
9 .
Devaluation of 'Mudra'
A)
increases the imports and exports of a country
B)
decreases the imports and exports of a country
C)
increases the exports and decreases the imports of a country
D)
increases the imports and decreases the exports of a country

Correct Answer :   increases the imports and decreases the exports of a country

Published On : May 21, 2021
10 .
As per the guidelines issued by the Reserve Banks of India classify as Non-Performing Asset (NPA) only if the interest due and during any quarter is not serviced full within
A)
90 days from the end of the quarter
B)
60 days from the end of the quarter
C)
60 days from the beginning of the quarter
D)
30 days from the end of the quarter

Correct Answer :   90 days from the end of the quarter

Published On : May 21, 2021
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