Basic GK Practice Question and Answer
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Q: Which of the following law is called the commercial law of India?
675 06107a3dd12de1b0f1e391664
6107a3dd12de1b0f1e391664- 1Law of Tortsfalse
- 2Contract Lawtrue
- 3Property Lawfalse
- 4Wage Lawfalse
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Answer : 2. "Contract Law"
Q: Seed Crop Insurance Scheme was launched in which financial year?
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6107a3a32076b70f40098f9a- 11999-2000true
- 22000-2001false
- 32001-2002false
- 42002-2003false
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Answer : 1. "1999-2000"
Q: Which state has the most export oriented units in India?
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6107a356f3019d397ed5b874- 1Karnatakatrue
- 2West Bengalfalse
- 3Andhra Pradeshfalse
- 4none of thesefalse
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Answer : 1. "Karnataka"
Q: When was the Liberal Exchange Rate Management System (LERMS) launched?
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6107a317f3019d397ed5b85a- 11989false
- 21980false
- 31992true
- 41991false
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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?
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6107a2d512de1b0f1e391566- 1Francefalse
- 2Mauritiustrue
- 3Maldivesfalse
- 4United Kingdomfalse
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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?
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6107a28bf3019d397ed5b7f5- 1buying bonds in the open markettrue
- 2stop the transaction involving bill of exchangefalse
- 3to issue gold from its reservesfalse
- 4none of thesefalse
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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?
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6107a232f3019d397ed5b7c2- 1Maruti Udyog Limitedtrue
- 2Hotel Corporation of Indiafalse
- 3Modern Food Industries Limitedfalse
- 4Rashtriya Chemicals and Fertilizers Limitedfalse
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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?
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6107a14e2076b70f40098bcf- 11954true
- 21958false
- 31962false
- 41950false
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Answer : 1. "1954"
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