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 .

When was the currency function moved from Controller of Currency to RBI?

1920

1928

1935

1947

Correct Answer : 1935

On 1st April 1935, the currency function moved from Controller of Currency to RBI. Section 22 of the RBI Act 1934 makes provided that RBI has the sole right to issue Bank notes of all denominations.

Published On : June 29, 2021

2 .

Original headquarters of RBI were located at ___?

Bombay

Madras

New Delhi

Calcutta

Correct Answer : Calcutta

Original headquarters of RBI were in Calcutta(Kolkata), but in 1937, it was shifted to Shahid Bhagat Singh Marg, Mumbai.

Published On : June 29, 2021

3 .

Which of the following committee formed the basis for the introduction of factoring services in India?

C. S. Kalyan Sundaram Committee

Urjit Patel Committee

C.Rangarajan Committee

None of the Above

Correct Answer : C. S. Kalyan Sundaram Committee

A Committee headed by Shri C. S. Kalyan Sundaram went into the aspects of factoring services in India in 1988,which formed the basis for introduction of factoring services in India.

Published On : June 29, 2021

4 .

Where was the first society under Cooperative Societies Act 1904 registered in India?

Panaji

Kanjipoorum

Madurai

Vizag

Correct Answer : Kanjipoorum

In 1904, Cooperative Credit Societies Act, was enacted. The first society registered, under the Cooperative Societies Act 1904, was in Kanjipoorum now in Tamil Nadu.

Published On : June 29, 2021

5 .

What is the time period for a term loan to be classified as NPA?

30 days

90 days

180 days

365 days

Correct Answer : 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

6 .

Where is Central Accounts Section of Reserve Bank of India located?

Pune

Mumbai

Nagpur

Aurangabad

Correct Answer : 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

7 .

Which RBI department regulates the Non-Banking Financial Companies?

DNBS

DBOD

UBD

DBS

Correct Answer : DNBS

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

Published On : June 29, 2021

8 .

Which bank has launched 'IOB Trendy', a savings account customized for the growing millennial population in the country?

SBI

YES Bank

Punjab National Bank

Indian Overseas Bank

Correct Answer : 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

9 .

The Royal Commission on Indian Currency and Finance was also known as?

Hartog Commission

Buttler Commission

Hilton-Young Commission

Muddiman Committee

Correct Answer : 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

10 .

What is the maximum amount that banks can charge from customers w.e.f January 01, 2022, after free ATM transactions are over?

Rs 25

Rs 21

Rs 17

Rs 15

Correct Answer : 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