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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.

1 .
In the abbreviation IGST, the letter 'I' stands for what ?
A)
Integrated
B)
Interim
C)
Interest
D)
India

Correct Answer :   Integrated

Published On : May 22, 2021
2 .
The working and activity of NBFCs are registered by the Reserve Bank of India within the framework of the
A)
Reserve Bank of India Act, 1934 (Chapter 10-12)
B)
Banking Regulation Act, 1949
C)
Companies Act, 1956
D)
Banking Companies Act, 1970 (Chapter No. 4)

Correct Answer :   Companies Act, 1956

Published On : May 22, 2021
3 .
Which among the following was not the profit making central public sector enterprise during 2017-18 ?
A)
ONGC
B)
NTPC
C)
IOC
D)
BSNL

Correct Answer :   BSNL

Published On : May 22, 2021
4 .
The interest rate charged by a bank on a short-term loan to another bank (not the central bank of our country) is known as
A)
Marginal standing facility rate
B)
Spot rate
C)
Interbank rate
D)
CRR

Correct Answer :   Interbank rate

Published On : May 22, 2021
5 .
With which of the following nation India has the most unfavourable foreign trade?
A)
America
B)
China
C)
Russia
D)
UAE

Correct Answer :   China

Published On : May 22, 2021
6 .
A 'banking outlet' is one which opens for at least five days a week for at least
A)
two hours a day
B)
three hours a day
C)
four hours a day
D)
five hours a day

Correct Answer :   four hours a day

Published On : May 22, 2021
7 .
The 'IRS' is a liquid financial derivative instrument which can be used to hedge against charges in
A)
Interest rates swap
B)
Income streams
C)
Exchange Rates
D)
Stock notices

Correct Answer :   Interest rates swap

Published On : May 22, 2021
8 .
According to RBI guidelines, a scheduled commercial bank can own stake in a payments bank to the extent permitted under Section 19(2) of the
A)
Banking Regulation Act, 1949
B)
Reserve Bank of India Act, 1953
C)
State Bank of India Act, 1955
D)
Public Financial Institutions Act, 1956

Correct Answer :   Banking Regulation Act, 1949

Published On : May 22, 2021
9 .
When and where was the office of GATT established ?
A)
Paris, 1958
B)
New York, 1948
C)
Rio de Janeiro, 1948
D)
Geneva, 1948

Correct Answer :   Geneva, 1948

The General Agreement on Tariffs and Trade (GATT) was signed in 1948 in Geneva. The headquarters of GATT are situated in Geneva.

Published On : May 22, 2021
10 .
According to the revised RBI guidelines, loans to 'Food and Agro Processing Units’ will now form part of
A)
Non priority sector lending
B)
Agriculture lending
C)
Micro Finance
D)
MSME Lending

Correct Answer :   Micro Finance

Published On : May 22, 2021