General Knowledge (GK) 2023-24: GK Questions, Topics, Mock Test, Practice Quiz
Which Indian state has the least literacy rate?
(A) Bihar
(B) Rajasthan
(C) Arunachal Pradesh
(D) Orissa
Correct Answer : A
Value of Total Goods and Services produced in a country is its _____________ .
(A) Gross Domestic Product
(B) Gross Revenue Income
(C) Total Goods Revenue
(D) Total Income
Correct Answer : A
Which of the following is not an example of direct tax?
(A) Income tax
(B) Property tax
(C) Gift tax
(D) Sales tax
Correct Answer : D
When the price of a commodity falls, we can expect:
(A) The supply of it to increase
(B) The demand for it to fall
(C) The demand for it to stay constant
(D) The demand for it to increase
Correct Answer : D
If Reserve Bank of India reduces the cash reserve ratio, it will :
(A) increase credit creation
(B) decrease credit creation
(C) have no impact on credit creation
(D) have no definite impact on credit creation
Correct Answer : A
(A) Rajeev Gandhi
(B) Mahatama Gandhi
(C) Indira Gandhi
(D) Jawahar Lal Nehru
Correct Answer : B
Explanation :
The Government of India passed the Mahatma Gandhi National Rural Employment Guarantee Act, 2005 in September, 2005. The Act gives legal guarantee of a hundred days of wage employment in a financial year to adult members of a rural household who demand employment and are willing to do unskilled manual work.
Short-term finance is usually for a period ranging up to
(A) 5 months
(B) 10 months
(C) 12 months
(D) 8 months
Correct Answer : C
If the RBI adopts an expansionist open market operations policy, this means that it will
(A) buy securities from non-government holders
(B) sell securities in the open market
(C) offer commercial banks more credit in the open market
(D) openly announce to the market that it intends to expand credit
Correct Answer : C
Subsidies mean that is
(A) payment by government for purchase of goods and services
(B) payment made by business enterprises to factors of production
(C) payment made by companies to shareholders
(D) payment made by the government to business enterprises, without buying any goods and services
Correct Answer : D
India has taken the concept of ‘Judicial Review' from which country's constitution?
(A) Canada
(B) United Kingdom
(C) Ireland
(D) USA
Correct Answer : D
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enhttps://www.examsbook.com/basic-gk-general-knowledge-questions-answers/7711477basic-gk-general-knowledge-questions-answersAbout author
Rajesh Bhatia
A Writer, Teacher and GK Expert. I am an M.A. & M.Ed. in English Literature and Political Science. I am highly keen and passionate about reading Indian History. Also, I like to mentor students about how to prepare for a competitive examination. Share your concerns with me by comment box. Also, you can ask anything at linkedin.com/in/rajesh-bhatia-7395a015b/.
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