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Easy Indian GK Questions

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Q :  

What is the number of recognized stock exchanges in India?

(A) 19

(B) 20

(C) 21

(D) 23

Correct Answer : D
Explanation :

There are 23 stock exchanges in India. Among them, two are national-level stock exchanges namely Bombay Stock exchange (BSE) and National Stock Exchange (NSE). The rest 21 are Regional Stock Exchanges (RSEs).


Q :  

Which policy of the Life Insurance Corporation is not specifically for the benefit of children?

(A) Jeevan Sukanya

(B) Jeevan Chhaya

(C) Life Security

(D) Jeevan Kishore

Correct Answer : C
Explanation :

Child insurance plan is an investment cum insurance plan from life insurance companies, which offers financial safety to your child's dreams and goals. You can use a child insurance plan to invest in the big life goals of your child like higher education and marriage.


Q :  

By whom effective control is exercised over the stock market?

(A) B.F.E.R.A

(B) B.I.F.R.

(C) S.E.B.I.

(D) M.R.T.P

Correct Answer : C
Explanation :

The stock market in India is regulated by the Securities and Exchange Board of India (SEBI). It was established under the SEBI Act, 1992.


Q :  

Consider the following statements and choose the correct option.

(A) An economically developed country could be a densely populated country.

(B) More women in population’s base necessarily indicates their better status in society.

(C) Population pyramid is a tool to study the population composition of a country.

(A) Both (A) and (B) are correct.

(B) Both (B) and (C) are correct.

(C) Both (A) and (C) are correct.

(D) Only (C ) is correct

Correct Answer : C
Explanation :

mportant Points Statement (A) is correct: Population density is the number of people living in a unit area of the earth’s surface. How crowded a country is, has little to do with its level of economic development. For example, both Bangladesh and Japan are very densely populated but Japan is far more economically developed than Bangladesh. Hence, an economically developed country could be a densely populated country. Statement (B) is not correct: The number of women and men in a country is an important demographic characteristic. The ratio between the number of women and men in the population is called the Sex Ratio. The sex ratio is an important information about the status of women in a country. In regions where gender discrimination is rampant, the sex ratio is bound to be unfavourable to women. Such areas are those where the practice of female foeticide, female infanticide and domestic violence against women are prevalent. One of the reasons could be lower socio-economic status of women in these areas. However more women in the population's base does not mean they have a better status. It could be that the men might have migrated to other areas for employment. Statement (C) is correct: Population composition refers to the structure of the population. The composition of population helps us to know how many are males or females, which age group they belong to, how educated they are and what type of occupations they are employed in, what their income levels and health conditions are. An important tool for studying the population composition of a country is by looking at the population pyramid.


Q :  

Which of the following is the most important source sector of NRI remittances in India?

(A) North America

(B) Middle East

(C) South America

(D) Europe

Correct Answer : A
Explanation :

with Malaysia, Singapore and the United States being the largest sources of remittance. Research work on remittances to India is listed in the India Migration Bibliography.


Q :  

Which of the following committees recommended the privatization and restructuring of LIC for the first time in India?

(A) Malhotra Committee

(B) Narasimhan Committee

(C) Rangarajan Committee

(D) Dutt Committee

Correct Answer : A
Explanation :

Following the recommendations of the Malhotra Committee report, in 1999, the Insurance Regulatory and Development Authority (IRDA) was constituted as an autonomous body to regulate and develop the insurance industry.


Q :  

What is such an economy called which does not have any connection with the rest of the world?

(A) Closed economy

(B) Free Economy

(C) Mixed economy

(D) Socialist

Correct Answer : A
Explanation :

When a country claims to be self reliant, it is said to be closed economy. In closed economy, country produces every thing within the country what their citizens need. It neither imports nor exports, that means it does not trade with any other nation.


Q :  

Unemployment arising due to a mismatch between Job availability in the market and the skills of available workers is called?

(A) Seasonal

(B) Structural

(C) Economical

(D) Frictional

Correct Answer : B
Explanation :

Due to a mismatch in skills of the unemployed & skills needed for the available jobs Structural unemployment occurs. Structural unemployment is basically a type of long-term unemployment caused by shifts in the economy.


Q :  

Which of the following is the central bank of the Government of India?

(A) Cooperative Bank

(B) Reserve Bank of India

(C) Central Bank of India

(D) State Bank of India

Correct Answer : B
Explanation :
The Reserve Bank of India is India's central bank.


Q :  

There is no change in demand for a commodity when its price changes more. What demand will this be called?

(A) elastic

(B) inelastic

(C) perfectly inelastic

(D) highly elastic

Correct Answer : B
Explanation :

When the demand of a quantity does not change as a result of a change in the price of a commodity, the demand of that commodity is called a perfectly inelastic demand. In this case, the elasticity of demand is zero.


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