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 .

Cyclical Unemployment is

Unemployment that occurs during recessions and depressions

Portion of unemployment that is due to the normal working of the labour market

Unemployment that results when people become discouraged about their chances of finding a job so that they stop looking for work

Portion of unemployment that is due to changes in the structure of the economy that results in a significant loss of jobs in certain industries

Correct Answer : Unemployment that occurs during recessions and depressions

Published On : May 19, 2021

2 .

Which Ministry of Government of India is related for India's Foreign Trade Policy?

Ministry of Defence

Ministry of External Affairs

Ministry of Commerce and Industry

Ministry of Home Affairs

Correct Answer : Ministry of Commerce and Industry

Published On : May 19, 2021

3 .

Which of the following tax is not included in Goods and Services Tax (GST)?

Excise Duty

Custom Duty

Value Added Tax

Service Tax

Correct Answer : Custom Duty

Published On : May 19, 2021

4 .

All revenues received by the Union Government by way of taxes and other receipts for the conduct of Government business are credited to the

Public Account

Contingency Fund of India

Consolidated Fund of India

Deposits and Advances Fund

Correct Answer : Consolidated Fund of India

The Consolidated Fund of India includes revenues, which are received by the government through taxes and expenses incurred in the form of borrowings and loans.

Published On : May 19, 2021

5 .

"Gold Tranche" (Reserve Tranche) refers to

a loan system of the World Bank

one of the operations of a Central Bank

a credit system granted by WTO to its members

a credit system granted by IMF to its members

Correct Answer : a credit system granted by IMF to its members

The reserve tranche is basically an emergency account that IMF members can access at any time without agreeing to conditions or paying a service fee. In other words, a portion of a member country's quota can be withdrawn free of charge at its own discretion.

Published On : May 19, 2021

6 .

Which is the uniform GST rate that has been fixed up for lottery prizes by the GST Council?

18%

32%

28%

10%

Correct Answer : 28%

Published On : May 19, 2021

7 .

Who among the following has given the concept of Human Development?

Amartya Sen

Mahbub-ul-Haq

Sukhamoy Chakravarty

G.S. Chaddha

Correct Answer : Mahbub-ul-Haq

Published On : May 19, 2021

8 .

Gini Coefficient or Gini Ratio can be associated with which one of the following measurements in an economy?

Rate of inflation

Poverty index

Income inequality

Personal income

Correct Answer : Income inequality

Published On : May 19, 2021

9 .

Which of these banks has launched a fixed deposit scheme called FD Health?

ICICI Bank

IDBI Bank

Syndicate Bank

HSBC Bank

Correct Answer : ICICI Bank

Private sector's largest Commercial Bank ICICI bank launched 'FD Health' on October 14, 2019 under which a Fixed Deposit offered the dual benefit of investment growth via FD and protection through a critical illness cover. The customers are being offered the insurance cover free of cost for the first year and thereafter they can renew it.

Published On : May 19, 2021

10 .

In India ,Hindu Rate of growth is associated with which of the following

Birth Rate

Population

Per Capita Income

National Income

Correct Answer : National Income

Published On : May 18, 2021