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 .
With which financial sector are these terms associated : "Free look period, rider, third party administrator, surrender value."
A)
Insurance
B)
Banking
C)
Capital markets
D)
Mutual funds

Correct Answer :   Insurance

Published On : May 20, 2021
2 .
RuPay payment system is considered to be a cheaper alternative to which of the following systems ?
A)
Visa
B)
Master card
C)
American Express
D)
All of the above

Correct Answer :   All of the above

Published On : May 20, 2021
3 .
Which one of the following statements about Exchange-Traded Fund (ETF) is not correct ?
A)
It is a marketable security
B)
It experiences price changes throughout the day
C)
It typically has lower daily liquidity and higher fees than mutual fund shares
D)
As ETF does not have its net asset value calculated once at the end of every day

Correct Answer :   It typically has lower daily liquidity and higher fees than mutual fund shares

Published On : May 20, 2021
4 .
Which of the following initiatives is an effort of Income Tax department to directly communicate with the tax payers?
A)
SWAYAM
B)
AAYKAR SETU
C)
SUGAM VARTA
D)
SWAYAM PRABHA

Correct Answer :   AAYKAR SETU

Published On : May 20, 2021
5 .
Which of the following is the world's first country to introduce Gafa Tax?
A)
USA
B)
Australia
C)
France
D)
Canada

Correct Answer :   France

Published On : May 20, 2021
6 .
Bloomberg's Misery Index is calculated as the sum of country's
A)
Inflation Rate and Unemployment Rate
B)
Inflation Rate and Savings Rate
C)
Unemployment Rate and Labour Force Participation Rate
D)
Unemployment rate and inverse of Investment rate

Correct Answer :   Inflation Rate and Unemployment Rate

Published On : May 20, 2021
7 .
The 'International Fertiliser Industry Association (IFIA) having about 500 members, worldwide including 68 countries is based in
A)
Strasbourg, France
B)
Washington DC, USA
C)
Geneva, Switzerland
D)
Paris, France

Correct Answer :   Paris, France

Published On : May 20, 2021
8 .
The form of insurance which insures against financial loss from defects in title to real property and from the invalidity or unenforceable of mortgage loans is known as
A)
Credit insurance
B)
Title insurance
C)
Property insurance
D)
Mortgage-cover

Correct Answer :   Title insurance

Published On : May 20, 2021
9 .
Which is the first Private Sector Bank in India to use Software Robotics?
A)
ICICI Bank
B)
IDBI Bank
C)
Axis Bank
D)
HDFC Bank

Correct Answer :   ICICI Bank

The country's leading private sector lender ICICI Bank has forayed into 'software robotics' – a first by any Indian bank. Over 200 software robots are now performing over 10 lakh transactions per day for the bank which comprises 10% of its total transactions. The bank will engage 500 software robots by the end of the year which will help it to automate 20% of its total transactions.
 
ICICI's announcement comes a fortnight after HDFC Bank's decision to engage physical robots at its branches. The project, which is in a pilot phase and is yet to be rolled out, will be tested in one of its branches in the coming weeks.
 
For ICICI Bank, these 'software robots' have been deployed across functions in retail banking, agri-business, treasury, trade and forex. The bank is expecting a significant improvement in its costto-income ratio once the initiative is rolled out in full.
 
"Use of technology helps us to keep our cost of operations down," Chanda Kochhar, MD, ICICI Bank said. "Even if we look at our cost to income ratios, we brought it down from around 40% four years ago to 35% now. The way our bank has used technology is one of the reasons why we have one of the most efficient cost-to-income ratios in the country."

Published On : May 20, 2021
10 .
The 'YES Bank' limited is leading private sector bank in India. The corporate headquarter of the bank is situated in
A)
Hyderabad
B)
Chennai
C)
Delhi
D)
Mumbai

Correct Answer :   Mumbai

Published On : May 20, 2021
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