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 .
Estimation of national income in India is done by
A)
Chief Economic Advisor, Gol
B)
Office of Economic Adviser, Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Gol
C)
Reserve Bank of India
D)
Central Statistics Office, Ministry of Statistics and Programme Implementation, Gol

Correct Answer :   Central Statistics Office, Ministry of Statistics and Programme Implementation, Gol

Published On : May 20, 2021
2 .
Planning Commission of India was set up in the year
A)
1949
B)
1950
C)
1951
D)
1957

Correct Answer :   1950

Published On : May 20, 2021
3 .
What is meant by a Bullock Capitalist ?
A)
Farmers who are poor
B)
Farmers who are rich
C)
Farmers who have some resources, but are not rich
D)
Farmers who are big Zamindars

Correct Answer :   Farmers who have some resources, but are not rich

Published On : May 20, 2021
4 .
The National Bank for Agriculture and Rural Development is an apex development financial institution in India, headquartered at
A)
Chennai, Tamil Nadu
B)
Pune, Maharashtra
C)
Mumbai, Maharashtra
D)
New Delhi, Delhi

Correct Answer :   Mumbai, Maharashtra

Published On : May 20, 2021
5 .
The Apex bank for providing Agricultural Refinance in India is
A)
RBI
B)
NABARD
C)
LDB
D)
SBI

Correct Answer :   NABARD

Published On : May 20, 2021
6 .
The Small Industries Development Bank of India(SIDBI) is headquartered in
A)
Hyderabad, Telangana
B)
Ahmedabad, Gujarat
C)
Mumbai, Maharashtra
D)
Lucknow, Uttar Pradesh

Correct Answer :   Lucknow, Uttar Pradesh

Published On : May 20, 2021
7 .
A monopoly producer has
A)
Control over production but not price
B)
Control over production as well as price
C)
Control neither on production nor on price
D)
Control over production, price and consumers

Correct Answer :   Control over production as well as price

Published On : May 20, 2021
8 .
When a monopolist is in
A)
Long-run equilibrium, he will also be in short-run equilibrium
B)
Short-run equilibrium, he will also be in long-run equilibrium
C)
Long-run equilibrium, he mayor may not be in short-run equilibrium
D)
None of the above

Correct Answer :   Long-run equilibrium, he will also be in short-run equilibrium

Published On : May 20, 2021
9 .
In imperfect competition marginal revenue falls at __________ than the fall in average revenue.
A)
Same rate
B)
Half the rate
C)
Twice the rate
D)
None of the above

Correct Answer :   Twice the rate

Published On : May 20, 2021
10 .
Under perfect competition a firm can produce with
A)
Maximum profit
B)
An optimum plant
C)
An optimum output
D)
Identical products at low cost

Correct Answer :   An optimum plant

Published On : May 20, 2021
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