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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 .
What is the time period for a term loan to be classified as NPA?
A)
30 days
B)
90 days
C)
180 days
D)
365 days

Correct Answer : Option (B) - 90 days

According to RBI, terms loans on which interest or installment of principal remain overdue for a period of more than 90 days from the end of a particular quarter is called a Non-performing Asset.

Published On : June 29, 2021
2 .
Where is Central Accounts Section of Reserve Bank of India located?
A)
Pune
B)
Mumbai
C)
Nagpur
D)
Aurangabad

Correct Answer : Option (C) - Nagpur

Reserve Bank of India maintains the Principal Accounts of Central as well as State Governments at its Central Accounts Section, Nagpur.

Published On : June 29, 2021
3 .
Which RBI department regulates the Non-Banking Financial Companies?
A)
DNBS
B)
DBOD
C)
UBD
D)
DBS

Correct Answer : Option (A) - DNBS

Department of Non-Banking Supervision or DNBS regulates and supervises the Non-Banking Financial Companies (NBFCs).

Published On : June 29, 2021
4 .
Which bank has launched 'IOB Trendy', a savings account customized for the growing millennial population in the country?
A)
SBI
B)
YES Bank
C)
Punjab National Bank
D)
Indian Overseas Bank

Correct Answer : Option (D) - Indian Overseas Bank

The Indian Overseas Bank has launched 'IOB Trendy', a savings account customized for the growing millennial population in the country by keeping their banking preferences in mind.

Published On : June 29, 2021
5 .
The Royal Commission on Indian Currency and Finance was also known as?
A)
Hartog Commission
B)
Buttler Commission
C)
Hilton-Young Commission
D)
Muddiman Committee

Correct Answer : Option (C) - Hilton-Young Commission

Hilton-Young Commission was the Royal Commission on Indian Currency and Finance set up by British Government of India in 1920s. In 1926, this commission had recommended to the government to create a central bank in the country. On the basis of mainly this commission, the RBI act was passed.

Published On : June 29, 2021
6 .
What is the maximum amount that banks can charge from customers w.e.f January 01, 2022, after free ATM transactions are over?
A)
Rs 25
B)
Rs 21
C)
Rs 17
D)
Rs 15

Correct Answer : Option (B) - Rs 21

Presently banks are allowed to charge from customers a maximum of Rs 20 per transaction. RBI has increased this limit to Rs 21 per transaction w.e.f January 1, 2022.

Published On : June 29, 2021
7 .
The NITI Aayog has recommended the names of which bank for privatization in 2021-22?
A)
IOB and PNB
B)
Central Bank of India and IOB
C)
BoI and Canara Bank
D)
Canara Bank and Bank of Maharashtra

Correct Answer : Option (B) - Central Bank of India and IOB

The Government think-tank NITI Aayog has recommended the names of Central Bank of India and Indian Overseas Bank for privatization in the current fiscal.

Published On : June 29, 2021
8 .
Factoring Business is also known as by which of the following names?
A)
Invoice Factoring
B)
Asset Based Lending
C)
Accounts Receivable Factoring
D)
All of the Above

Correct Answer : Option (D) - All of the Above

Factoring is commonly referred to as accounts receivable factoring, invoice factoring, and sometimes accounts receivable financing. Accounts receivable financing is a term more accurately used to describe a form of asset based lending against accounts receivable.

Published On : June 29, 2021
9 .
Which of the following is the largest Housing Finance Company in India?
A)
HDFC
B)
HUDCO
C)
SBI
D)
IHFL

Correct Answer : Option (A) - HDFC

Housing Development Finance Corporation Ltd ( HDFC ) is the largest and the best home loan company in India based on Turnover.

Published On : June 29, 2021
10 .
The Bharti AXA Life has signed a pact with which of the following small finance bank?
A)
Shivalik Small Finance Bank
B)
Capital Small Finance Bank
C)
Ujjivan Small Finance Bank
D)
AU Small Finance Bank

Correct Answer : Option (A) - Shivalik Small Finance Bank

The Bharti AXA General launches Health Advantage; this alliance will enable over 4.5 lakh customers of Shivalik Bank to access the range of products offered by the company to provide financial security.

Published On : June 29, 2021