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 .

Fiscal policy is concerned with which of the following?

Population control

Issue of currency

Export and import

Public revenue and expenditure

Correct Answer : Public revenue and expenditure

Fiscal Policy is concerned with public revenue and public expenditure and debt. Fiscal policy helps to ensure economic stability and economic growth. During inflation, revenue is decreased.

Published On : June 1, 2021

2 .

Under the ESOP, who of the following are offered shares in the company?

NRIs

Promoters

Employees

Existing Shareholders

Correct Answer : Employees

Published On : June 1, 2021

3 .

Expand the term CCEA as used in administrative circles

Cabinet Committee on Economic Affairs

Cabinet Committee on External Affairs

Cabinet Council on Economic Affairs

Cabinet Council on External Affairs

Correct Answer : Cabinet Committee on Economic Affairs

Published On : June 1, 2021

4 .

What does the term FSDC, used in financial sectors stand for?

Fiscal Stability and Development Council

Financial Security and Development Council

Financial Stability and Development Council

Correct Answer : Financial Stability and Development Council

Published On : June 1, 2021

5 .

PLI, a form of insurance, stands for which of the following?

Public Life Insurance

Postal Life Insurance

Post Life Insurance

Portal Life Insurance

Correct Answer : Postal Life Insurance

Postal Life Insurance : PLI offers the following six types of policies : Whole Life Assurance (Suraksha)

Published On : June 1, 2021

6 .

Expand the term IFRS

International Financial Reporting Standards

International Financial Reporting Systems

Indian Financial Reporting Systems

Indian Financial Reporting Standards

Correct Answer : International Financial Reporting Standards

International Financial Reporting Standards (IFRS) were established to bring consistency to accounting standards and practices, regardless of the company or the country. They are issued by the Accounting Standards Board (IASB) and address record keeping, account reporting, and other aspects of financial reporting.

Published On : June 1, 2021

7 .

'Equity schemes managed strong NAV gains which boost their assets' was a news in some financial newspapers. What is the full form of NAV used as in above headlines?

Net Accounting Venture

Nill Accounting Variation

Net Asset Value

New Asset Venture

Correct Answer : Net Asset Value

Published On : June 1, 2021

8 .

Where is the catchline of National Insurance Company Limited (NICL)?

Now be double sure

Trusted Since 1906

Total Insurance Solutions

Your Partner for Prosperity

Correct Answer : Trusted Since 1906

National Insurance Company Limited (NICL) is a state owned general insurance company in India. Its catchline is “Trusted Since 1906” in italic. The company headquartered at Kolkata was established in 1906 and nationalised in 1972.

Published On : June 1, 2021

9 .

Which is a/are types of Insurance?

Life Insurance

Motor insurance

Health insurance

All of the above

Correct Answer : All of the above

Broadly, there are 8 types of insurance, namely:

* Life Insurance

* Motor insurance

* Health insurance

* Travel insurance

* Property insurance

* Mobile insurance

* Cycle insurance

* Bite-size insurance

Published On : June 1, 2021

10 .

Which bank recently became the first bank in India to fully own an insurance business?

ICICI Bank

IDBI Bank

Kotak Mahindra Bank

HDFC Bank

Correct Answer : Kotak Mahindra Bank

Kotak Mahindra Bank on 25 November 2014 became first bank in India to fully own an insurance business after Reserve Bank of India (RBI) gave permission to set up a wholly-owned non-life insurance company called Kotak General Insurance.

Published On : June 1, 2021