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 .
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
2 .
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
3 .
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
4 .
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
5 .
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
6 .
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
7 .
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
8 .
In which of the following the termic cap and trade used?
A)
Share Broking
B)
Commodity Futures
C)
Mutual Fund Investments
D)
Emission Trading

Correct Answer :   Emission Trading

Emissions trading (aka. cap and trade) refers to the market-based approach to control pollution by providing economic incentives for reducing the emissions of pollutants.

Published On : May 19, 2021
9 .
The working of the price mechanism in a free-market economy refers to which one of the following?
A)
The interplay of the forces of demand and supply
B)
Determination of the inflation rate in the economy
C)
Determination of the economy's propensity to consume
D)
Determination of the economy's full employment output

Correct Answer :   The interplay of the forces of demand and supply

Published On : May 19, 2021
10 .
In an economy, if the share of its primary sector is 50% or more in the total output of the economy it is called as
A)
Industrial economy
B)
service economy
C)
Agrarian economy
D)
Command economy

Correct Answer :   Agrarian economy

Published On : May 19, 2021
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