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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.

A)
Liquidity
B)
Cover
C)
Annuity
D)
Fund

Correct Answer : Option (C) - Annuity


A contract sold by an insurance company designed to provide payments to the holder at specified intervals.

Published On : June 2, 2021
A)
Jewellers Block Policy
B)
Burglary Policy
C)
Fire Policy
D)
None of the Above

Correct Answer : Option (B) - Burglary Policy


Insurance against loss or damage resulting from or following the unlawful breaking and entering of designated premises or places of safekeeping is known as Burglary policy. This Policy is designed to cover business premises only like godown, factory, office etc.

Published On : June 2, 2021
A)
Claim
B)
Aggregate
C)
Request
D)
Demanding

Correct Answer : Option (A) - Claim


An insurance claim is a formal request to an insurance company asking for a payment based on the terms of the insurance policy.

Published On : June 2, 2021
A)
49%
B)
74%
C)
80%
D)
100%

Correct Answer : Option (B) - 74%


Union Finance Minister Nirmala Sitharaman announced an increase in Foreign Direct Investment (FDI) limit in insurance from 49% to 74%. Tabling the Union Budget for 2020-21, she said, “We propose to amend the Insurance Act, 1938 and will launch a new investor charter for investor protection.

Published On : June 2, 2021
A)
ICICI Prudential
B)
New India Assurance
C)
General Insurance Corporation
D)
Life Insurance Corporation Of India

Correct Answer : Option (D) - Life Insurance Corporation Of India


Published On : June 2, 2021
A)
50%
B)
62%
C)
74%
D)
100%

Correct Answer : Option (C) - 74%


Published On : June 2, 2021
A)
1998
B)
2000
C)
2001
D)
2003

Correct Answer : Option (B) - 2000


Published On : June 2, 2021
A)
Insurance
B)
Agriculture
C)
Fisheries
D)
Gambling

Correct Answer : Option (A) - Insurance


Published On : June 2, 2021
A)
1888
B)
1970
C)
1999
D)
2004

Correct Answer : Option (C) - 1999


It was constituted by the Insurance Regulatory and Development Authority Act, 1999, an Act of Parliament passed by the Government of India.

Published On : June 2, 2021
A)
Annuity Value
B)
Paid up value
C)
Lapse Value
D)
Surrendered value

Correct Answer : Option (D) - Surrendered value


Surrender value is the amount the policy holder will get from the insurance company if he exits the policy before maturity, but after payment of premium for full 3 years. So if a person has payed premium for 3 years, he can opt out of the policy and get the money proportionally (it will obviously be less than that he would have got at maturity)

Published On : June 2, 2021