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 .

How much tax will be levied on the transfer of virtual assets?

35 percent

30 percent

25 percent

20 percent

Correct Answer : 30 percent

Finance Minister announced in the union budget 2022 that any income derived from the transfer of virtual assets will be taxed at 30%. This is the first step towards embracing the crypto and blockchain industries in India, we believe this is a positive move.

Source : Financial Express

Published On : February 1, 2022

2 .

Custom duty for cut and polished diamonds has been reduced to how much percent?

20 percent

15 percent

10 percent

5 percent

Correct Answer : 5 percent

Customs duty on cut and polished diamonds and gems have been reduced to 5 percent in the new changes announced by FM Nirmala Sitharaman during her Union Budget 2022 speech.

Published On : February 1, 2022

3 .

Finance Minister Nirmala Sitharaman announced how much increase in capital expenditure for FY 2022-23?

25 percent

30 percent

35 percent

40 percent

Correct Answer : 35 percent

Union Finance Minister Nirmala Sitharaman announced a 35 percent increase in the outlay for capital expenditure in Financial Year 2022-23 in her Union Budget 2022 speech on February 2, 2022.

Published On : February 1, 2022

4 .

The customs duty on umbrellas has been raised to how much?

20 percent

23 percent

25 percent

30 percent

Correct Answer : 20 percent

Finance Minister Nirmala Sitharaman in her Union Budget 2022 speech announced several changes to customs duty that will, in turn, affect the prices of different commodities. While concessions in the customs duty levied on mobile phone parts and other electronics will mean a reduction in their prices, cut and polished diamonds and other gemstones are also set to become cheaper. At the same time, one commodity is all set to become more expensive. The duty on umbrellas is being raised to 20 percent, which means that umbrellas -- lifesavers in sun and rain -- are all set to become costlier.

Source : NDTV

Published On : February 1, 2022

5 .

Which among the following commodities will become costly after the Union Budget 2022-23 presentation?

Diamond

Gemstone

Umbrella

Imitation Jewelry

Correct Answer : Umbrella

Union Finance Minister "Nirmala Sitharaman" announced a slew of changes in the customs duty for several products in her Union Budget Speech 2022 including a 5 percent reduction in customs duty on gems, cut and polished diamonds. The customs duty on imitation jewelry and chemicals has also been reduced, while the customs duty on umbrellas has been increased to 20 percent.

Published On : February 1, 2022

6 .

Which bank will introduce a digital rupee in India?

RBI

SBI

KVB

CUB

Correct Answer : RBI

Finance Minister Nirmala Sitharaman announced the government's intent to introduce a digital rupee in her Union Budget 2022-23 speech on February 1, 2022. The Finance Minister announced that the digital currency or digital rupee will be introduced by the central bank of India using blockchain and other technologies.

Published On : February 1, 2022

7 .

Which company has Surpasses Intel as World's top semiconductor company in 2021?

QUALCOMM

Nvidia Corporation

Samsung Electronics

Taiwan Semiconductor Manufacturing Company

Correct Answer : Samsung Electronics

South Korean electronics manufacturing giant, Samsung Electronics surpassed U.S chipmaker Intel to become the world’s leading chipmaker by revenue in 2021, according to a report released by research firm Counterpoint Technology Market Research.

While Intel posted relatively flattish results, Samsung took the lead with a strong DRAM and NAND flash market performance in 2021. Samsung also saw solid momentum in logic chips this year.

Memory vendors continued to lead the industry with SK Hynix and Micron taking the third and fourth positions, followed by IC design vendors, including Qualcomm and NVIDIA. The year saw 19% YoY revenue growth.

Published On : February 1, 2022

8 .

Who has been wins' Tata Steel Chess Tournament in 2022?

Magnus Carlsen

Levon Aronian

Fabiano Caruana

Viswanathan Anand

Correct Answer : Magnus Carlsen

GM "Magnus Carlsen" secured his eighth victory in Wijk aan Zee with a round to spare. The world champion defeated GM Fabiano Caruana on Saturday and now leads the 2022 Tata Steel Chess Tournament by a full point. He will earn a forfeit win tomorrow vs. GM Daniil Dubov, who cannot get back into the tournament despite a negative PCR test today. GM Arjun Erigaisi is also certain of victory in the Challengers as the Indian GM is going into the final round with a 1.5-point lead.

Source : Chess

Published On : February 1, 2022

9 .

The Economic Survey 2021-22 states that government has set up National Land Monetisation Corporation (NLMC) to fast track monetisation of land and non-core assets of public sector entities. What is the initial authorised share capital of NLMC?

Rs 5,000 crore

Rs 7,600 crore

Rs 9,500 crore

Rs 12,070 crore

Correct Answer : Rs 5,000 crore

The government has set up a National Land Monetisation Corporation(NLMC) to fast track monetisation of land and non-core assets of public sector entities, the Economic Survey said on Monday(31st Jan 2022).

So far, CPSEs have referred 3,400 acres of land and other non-core assets for monetisation from CPSEs including MTNL, BSNL, BPCL, B&R, BEML, HMT Ltd, Instrumentation Ltd.

Since, the desired skill set to take on the responsibility of management and monetisation of non-core assets in government is limited, Finance Minister Nirmala Sitharaman in 2021-22 Budget had announced setting up of a Special Purpose Vehicle (SPV), with capacity and expertise, to carry out the monetisation of the land and other non-core assets in an efficient and prudent manner, in line with international best practices.

"In pursuance of the Budget announcement, National Land Monetisation Corporation (NLMC) is being incorporated as a 100 percent Government of India owned entity with an initial authorised share capital of Rs 5,000 crore and subscribed share capital of Rs 150 crore," it said.

Source : Economic Times

Published On : February 1, 2022

10 .

The Reserve Bank of India has imposed a number of restrictions on which bank, including a cap of Rs 1 lakh on withdrawals?

Canara Bank

Chaitanya Godavari Grameena Bank

Andhra Pragathi Grameena Bank

Indian Mercantile Co Operative Bank Ltd

Correct Answer : Indian Mercantile Co Operative Bank Ltd

The Reserve Bank India on Friday(28th Jan 2022) said it has imposed several restrictions on "Indian Mercantile Cooperative Bank Ltd", Lucknow, including a cap of Rs 1 lakh on withdrawals.

The restrictions came into force from closure of business hours on January 28, 2022 (Friday).

In a statement, RBI said the Lucknow-based co-operative bank will not, without its prior approval, grant or renew any loans and advances, or make any investment.

"In particular, a sum not exceeding Rs 1 lakh of the total balance across all savings bank or current accounts or any other account of a depositor, may be allowed to be withdrawn...", subject to certain conditions, it added.

The central bank, however, added the directions should not per se be construed as a cancellation of the banking licence by the RBI.

Source : Business Standard

Published On : February 1, 2022