Basic GK Practice Question and Answer

Q:

Which of the following law is called the commercial law of India?

675 0

  • 1
    Law of Torts
    Correct
    Wrong
  • 2
    Contract Law
    Correct
    Wrong
  • 3
    Property Law
    Correct
    Wrong
  • 4
    Wage Law
    Correct
    Wrong
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Answer : 2. "Contract Law"

Q:

Seed Crop Insurance Scheme was launched in which financial year?

618 0

  • 1
    1999-2000
    Correct
    Wrong
  • 2
    2000-2001
    Correct
    Wrong
  • 3
    2001-2002
    Correct
    Wrong
  • 4
    2002-2003
    Correct
    Wrong
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Answer : 1. "1999-2000"

Q:

Which state has the most export oriented units in India?

756 0

  • 1
    Karnataka
    Correct
    Wrong
  • 2
    West Bengal
    Correct
    Wrong
  • 3
    Andhra Pradesh
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
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Answer : 1. "Karnataka"

Q:

When was the Liberal Exchange Rate Management System (LERMS) launched?

593 0

  • 1
    1989
    Correct
    Wrong
  • 2
    1980
    Correct
    Wrong
  • 3
    1992
    Correct
    Wrong
  • 4
    1991
    Correct
    Wrong
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Answer : 3. "1992"

Q:

Which of the following country, in terms of FDI from this country to India creates the most problems related to “round tripping” in the Indian economy?

668 0

  • 1
    France
    Correct
    Wrong
  • 2
    Mauritius
    Correct
    Wrong
  • 3
    Maldives
    Correct
    Wrong
  • 4
    United Kingdom
    Correct
    Wrong
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Answer : 2. "Mauritius"

Q:

If the Reserve Bank of India wants to increase the cash reserves of commercial banks, which of the following is the most likely step?

581 0

  • 1
    buying bonds in the open market
    Correct
    Wrong
  • 2
    stop the transaction involving bill of exchange
    Correct
    Wrong
  • 3
    to issue gold from its reserves
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
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Answer : 1. "buying bonds in the open market"

Q:

Which of the following government company was the first to be privatized?

638 0

  • 1
    Maruti Udyog Limited
    Correct
    Wrong
  • 2
    Hotel Corporation of India
    Correct
    Wrong
  • 3
    Modern Food Industries Limited
    Correct
    Wrong
  • 4
    Rashtriya Chemicals and Fertilizers Limited
    Correct
    Wrong
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Answer : 1. "Maruti Udyog Limited"

Q:

When were the Rs 1,000 and Rs 5,000 and Rs 10,000 notes reintroduced in India after independence?

628 0

  • 1
    1954
    Correct
    Wrong
  • 2
    1958
    Correct
    Wrong
  • 3
    1962
    Correct
    Wrong
  • 4
    1950
    Correct
    Wrong
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Answer : 1. "1954"

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