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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)
Risk Retention
B)
Risk Avoidance
C)
Risk Reduction
D)
All of the above

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


Risk Avoidance, Risk Retention and Risk Reduction are the methods to manage risks. There are four main ways to manage risk: risk avoidance, risk transfer, risk reduction and risk retention. Each is applicable under different

Published On : June 1, 2021
A)
Might, will
B)
Will, will not
C)
May, may not
D)
Must, need not

Correct Answer : Option (A) - Might, will


Insurance refers to protection against an event that might happen whereas Assurance refers to protection against an event that will happen.

Published On : June 1, 2021
A)
Stagflation
B)
Deflation
C)
Inflation
D)
Reflation

Correct Answer : Option (C) - Inflation


Inflation is responsible for a rise in general price levels of goods and services in a nation’s economy. Inflation is a quantitative measure of the rate at which the average price level of a basket of selected goods and services in an economy increases over a period of time. It is the constant rise in the general level of prices where a unit of currency buys less than it did in prior periods.

Published On : June 1, 2021
A)
In endowment cover only death benefit is there
B)
An endowment policy only survival benefit is available
C)
Endowment plan and Term insurance are similar in benefits
D)
In endowment assurance survival up to the end of the term as well as in between death will give the claimant the benefits of the policy

Correct Answer : Option (D) - In endowment assurance survival up to the end of the term as well as in between death will give the claimant the benefits of the policy


Published On : June 1, 2021
A)
France is the home of universal Life policies
B)
USA is known for introducing such policies
C)
Universal Life plan was first introduced in the UK
D)
Universal Life Insurance is associated with Germany

Correct Answer : Option (B) - USA is known for introducing such policies


Universal life insurance (often shortened to UL) is a type of cash value life insurance, sold primarily in the United States. Under the terms of the policy, the excess of premium payments above the current cost of insurance is credited to the cash value of the policy, which is credited each month with interest.

Published On : June 1, 2021
A)
Destroyed
B)
Mutilated
C)
Lost
D)
All of the above

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


Published On : June 1, 2021
A)
10th
B)
Graduate
C)
Post-graduate
D)
Inter (or) +2

Correct Answer : Option (A) - 10th


Published On : June 1, 2021
A)
Telemarketing
B)
Bancassurance
C)
Insurance agents
D)
All of the above

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


Published On : June 1, 2021
A)
Diversification of resource allocation
B)
Temporary allocation of resources
C)
Allocation of resources over time
D)
Postponing allocation of resources until the time is right

Correct Answer : Option (C) - Allocation of resources over time


Inter-temporal allocation of resources refer to Allocation of resources over time. One of the principal purposes of saving and investing is to achieve inter-temporal allocation of resources, which is both efficient and effective.

Published On : June 1, 2021
A)
Well defined cash and savings value component
B)
Rate of return is not easy to ascertain
C)
Yields on these policies is high
D)
Clear and visible method of arriving at surrender value

Correct Answer : Option (B) - Rate of return is not easy to ascertain


Rate of return is not easy to ascertain in traditional life insurance products. A traditional whole life policy is a type of life insurance contract that provides for insurance coverage of the contract holder for his/her entire life.

Published On : June 1, 2021