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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 .
The most volatile part the Organised money market in India is
A)
Call Money Market
B)
Commercial Bill Market
C)
Certificate of Deposit Market
D)
Government Security Market

Correct Answer : Option (A) - Call Money Market

Published On : May 22, 2021
2 .
Which one of the following is the correct sequence in decreasing order of the contribution of different sectors to the Gross Domestic Product of India ?
A)
Services > Agriculture > Industry
B)
Industry > Services > Agriculture
C)
Industry > Agriculture > Services
D)
Services > Industry > Agriculture

Correct Answer : Option (D) - Services > Industry > Agriculture

Published On : May 22, 2021
3 .
Repo rate comes under preview of
A)
Monetary Policy
B)
Fiscal Policy
C)
Labour Policy
D)
Population Policy

Correct Answer : Option (A) - Monetary Policy

Published On : May 22, 2021
4 .
Which is the largest item under Non-plan Expenditure of Central Government ?
A)
Defence
B)
Subsidy
C)
Interest payment
D)
Pension

Correct Answer : Option (C) - Interest payment

Published On : May 22, 2021
5 .
Under which rule of the business of the Lok Sabha is a discussion on a motion followed by voting
A)
Rule 197
B)
Rule 194
C)
Rule 193
D)
Rule 184

Correct Answer : Option (D) - Rule 184

Published On : May 22, 2021
6 .
In social cost benefit analysis, ....... is computed by following formula. 100 * (Value added at domestic Prices-Value added at the world prices)/ Value added at the world prices.
A)
The effective rate of return
B)
The economic rate of return
C)
The effective rate of protection
D)
Discount rate

Correct Answer : Option (C) - The effective rate of protection

Published On : May 22, 2021
7 .
Dated Government Securities are long term securities and carry a fixed or floating coupon which is paid on the face value; payable at fixed time periods (usually half yearly) and the tenor of these securities can be upto ........ years.
A)
30
B)
40
C)
50
D)
60

Correct Answer : Option (A) - 30

Published On : May 22, 2021
8 .
As per RBI norms, 'Term Money' means deals in funds for ......... to 1 year.
A)
10 days
B)
15 days
C)
20 days
D)
30 days

Correct Answer : Option (B) - 15 days

Published On : May 22, 2021
9 .
Which of the following is measured by the Lorenz curve ?
A)
Illiteracy
B)
Unemployment
C)
Population growth rate
D)
Inequality of Income

Correct Answer : Option (D) - Inequality of Income

Published On : May 22, 2021
10 .
Assertion (A) : Cost push inflation is caused by shift in aggregate supply curve.. Reason (R) : Shift in aggregate supply curve takes place because of increase in wages.
A)
(A) is true, but (R) is false.
B)
Both (A) and (R) are true and (R) is the correct explanation of (A).
C)
(A) is false, but (R) is true.
D)
Both (A) and (R) are true, but (R) is not the correct explanation of (A)

Correct Answer : Option (B) - Both (A) and (R) are true and (R) is the correct explanation of (A).

Published On : May 22, 2021