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 Travel and Tourism Competitive Index (TTCI) is released by
A)
World Bank
B)
International Monetary Fund
C)
World Economic Forum
D)
United Nations Development Programme

Correct Answer :   World Economic Forum

Published On : May 18, 2021
2 .
A country is said to be in a debt trap if
A)
The World Bank charges a very high rate of interest on outstanding & new loans
B)
It has to borrow to make interest payments on outstanding loans
C)
It has to abide by the conditionalities imposed by the International Monetary Fund
D)
It has been refused loans or aid by creditors abroad

Correct Answer :   It has to borrow to make interest payments on outstanding loans

Published On : May 18, 2021
3 .
Which economist developed international trade theory in 1817 based on comparative advantage and specialization ?
A)
Paul Krugman
B)
Milton Friedman
C)
Gary Becker
D)
David Picardo

Correct Answer :   David Picardo

Published On : May 18, 2021
4 .
The term 'mixed economy' denoted
A)
existence of both private and public sectors
B)
existence of both rural and urban sectors
C)
existence of both heavy and small industries
D)
existence of both developed and underdeveloped sectors

Correct Answer :   existence of both private and public sectors

Published On : May 18, 2021
5 .
Who wrote a book describing the theory of economic drain of India during British rule
A)
Lajpat rai
B)
Mahatma Gandhi
C)
Jawaharlal nehru
D)
Dadabhai naoroji

Correct Answer :   Dadabhai naoroji

Published On : May 18, 2021
6 .
The prices at which the government purchases food grains for maintaining the Public Distribution system (PDS) and for building up buffer - stock is known as
A)
minimum support prices
B)
procurement prices
C)
issue prices
D)
ceiling prices

Correct Answer :   procurement prices

Published On : May 18, 2021
7 .
When did India's population touch 100 crore mark
A)
May, 2003
B)
May, 2002
C)
May, 2000
D)
May, 1998

Correct Answer :   May, 2000

Published On : May 18, 2021
8 .
Who had estimate National Income in India first
A)
R.C. Dutt
B)
Dadabhai Naoroji
C)
D.R.Gadgil
D)
V.K.R.V.Rao

Correct Answer :   Dadabhai Naoroji

Published On : May 18, 2021
9 .
Marginal cost curve cuts the average cost curve from below at
A)
its lowest point
B)
the left of the lowest point
C)
the right of the lowest point
D)
all of the above

Correct Answer :   its lowest point

Published On : May 18, 2021
10 .
Selling costs have to be incurred in case of
A)
Perfect competition
B)
Imperfect competition
C)
Monopolistic competition
D)
None of the above

Correct Answer :   Monopolistic competition

Published On : May 18, 2021
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