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 .
The equilibrium is unstable and indeterminate under
A)
Edgeworth model
B)
Pareto Model
C)
Sweezy Model
D)
Cournot Model

Correct Answer :   Edgeworth model

Published On : May 18, 2021
2 .
Factors responsible for creating conditions for emergence and growth of monopoly are
A)
Patents
B)
Licensing
C)
Control over strategic raw materials
D)
All of the above

Correct Answer :   All of the above

Published On : May 18, 2021
3 .
The term group equilibrium is related to
A)
Duopoly
B)
Oligopoly
C)
Monopolistic competition
D)
Perfect competition

Correct Answer :   Monopolistic competition

Published On : May 18, 2021
4 .
The Reserve Bank of India has given the final approval for the merger of district co-operative banks in ?
A)
Kerala
B)
Tamil Nadu
C)
Rajasthan
D)
Odisha

Correct Answer :   Kerala

The RBI has given the final approval for the merger of district cooperative banks in Kerala. The combined entity will be called the 'Kerala Bank'.

Published On : May 18, 2021
5 .
Which among the following is the method to estimate the poverty line in India?
A)
Investment method
B)
Capital method
C)
Human method
D)
Income method

Correct Answer :   Income method

Published On : May 18, 2021
6 .
Foreign Exchange reserves in India are managed by
A)
CDSL
B)
RBI
C)
NSDL
D)
Ministry of Finance

Correct Answer :   RBI

Published On : May 18, 2021
7 .
Despite being a high saving economy, capital formation may not result in significant increase in output due to
A)
high capital-output ratio
B)
weak administrative machinery
C)
high population density
D)
illiteracy

Correct Answer :   high capital-output ratio

Capital formation means increasing the stock of real capital in a country. In other words, capital formation involves making of more capital goods such as machines, tools, factories, transport equipment, materials, electricity, etc., which are all used for future production of goods.

Published On : May 18, 2021
8 .
The Economic Survey is complied by
A)
National Sample Survey Organization (NSSO)
B)
Department of economic affairs
C)
Central Statistical Office (CSO)
D)
Office of economic advisor

Correct Answer :   Department of economic affairs

Department of economic affairs. The Economic Survey is complied by Department of economic affairs, Ministry of Finance.

Published On : May 18, 2021
9 .
In India, the term "Public Key Infrastructure" is used in the context of
A)
Digital security infrastructure
B)
Food security infrastructure
C)
Health care and education infrastructure
D)
Telecommunication and transportation infrastructure

Correct Answer :   Digital security infrastructure

Published On : May 18, 2021
10 .
Which of these institutions fixes the Repo Rate and Reverse Repo Rate in India?
A)
Ministry of Finance
B)
State Bank of India
C)
Comptroller and Auditor General of India
D)
Reserve Bank of India

Correct Answer :   Reserve Bank of India

Published On : May 18, 2021
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