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 .

The main reason why a life insurance proposal form often asks for the proposer's height is to enable a reasonable comparison with the proposer’s

Occupation

Weight

Gender

Age

Correct Answer : Weight

The main reason why a life insurance proposal form often asks for the proposer's height is to enable a reasonable comparison with the proposer’s Weight.

Published On : June 1, 2021

2 .

Restructuring of debts refers to

Closing all outstanding loans

Going for more and more borrowings

Swapping less interest loans with more interest loans

Modification of the terms of a loan to debtor who could default on payments

Correct Answer : Modification of the terms of a loan to debtor who could default on payments

Debt restructuring refers to modification of the terms of a loan to provide relief to a debtor who could otherwise default on payments. The restructuring may involve extending the period of repayment, reducing the total amount owed, or exchanging a portion of the debt for equity in the debtor company. Also see extension, composition, debt-for-equity swap.

Published On : June 1, 2021

3 .

The insurer’s right to reject a claim under a policy is subject to which of the following sections of the Insurance Act, 1938?

Section 45

Section 48

Section 49

Section 54

Correct Answer : Section 45

The insurer’s right to reject a claim under a policy is subject to Section 45 of the Insurance Act, 1938. Section 45 deals with the insurer's right to reject a claim under a policy.

Published On : June 1, 2021

4 .

Which of the following funds provides for predominant investment in equities?

Money market fund

Balanced fund

Equity fund

Debt fund

Correct Answer : Equity fund

Equity fund provides for predominant investment in equities. An equity fund is a fund that invests in stocks, also called equity securities. Equity funds are practical investments for most people. The attributes that make equity funds most suitable for small individual investors are the reduction of risk.

Published On : June 1, 2021

5 .

An insurance agent is typically a representative of

Government

Customer

IRDA

Insurance company

Correct Answer : Insurance company

An insurance agent is a representative of insurance company. Such agents are required to be licensed in the states in which they do business as well as with the specific companies they represent. In contrast to an insurance agent, an insurance broker represents a client.

Published On : June 1, 2021