GK Questions and Answer, GK Quiz

1:  In which year was the Reserve Bank of India established?
Options:
  1. 1935
  2. 1949
  3. 1951
  4. 1955

Answer: Option1

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2:  Which among the following is the primary objective of the Unit Trust of India?
Options:
  1. To assist the industries in financial difficulties.
  2. To diffuse the benefit of development among the masses.
  3. To accumulate funds for public investment expenditure.
  4. To promote the investment habit among those who have not been able to diversify investment risk.

Answer: Option4

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3:  Among the following choices, which one is not an asset held by commercial banks in India?
Options:
  1. Bills of exchange
  2. Current account deposits
  3. Credit balances with the Reserve Bank
  4. Money lent at short notice

Answer: Option2

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4:  Which of the following mints undertakes refining of gold for licensed gold dealers and production of medals for defence services, besides producing currency coins for India?
Options:
  1. The Hyderabad Mint
  2. The Bombay (Mumbai) Mint
  3. The Calcutta (Kolkata) Mint
  4. The Noida Mint

Answer: Option2

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5:  In which year was the decimal system of currency introduced in India?
Options:
  1. 1948
  2. 1950
  3. 1954
  4. 1957

Answer: Option4

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6:  To fill the gap between expenditure and revenue, deficit financing creates additional paper currency. Even though economic development is the aim of this method, yet if it fails, it generates
Options:
  1. inflation
  2. devaluation
  3. deflation
  4. demonetisation

Answer: Option1

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7:  How will credit creation be affected, if the Central Bank lowers the cash-reserve ratio?
Options:
  1. Decrease
  2. Increase
  3. No change
  4. None of these

Answer: Option2

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8:  Which among the following is the correct definition of the term 'Bank Rate'?
Options:
  1. It is the interest rate charged by Scheduled Banks.
  2. It is the official rate of interest charged by the Central Bank of a country.
  3. It is the rate of profit of the Banking Institutions.
  4. It is the interest rate charged by money lenders.

Answer: Option2

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9:  Among the following economic factors, which one contributes to an inflationary trend in an economy?
Options:
  1. 15% fall in production of industrial goods
  2. 15% increase in prices of agricultural products
  3. 15% increase in supply of money in the market
  4. None of these

Answer: Option3

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10:  Commercial Banking System in India can be classified into which of the following types of banking?
Options:
  1. Mixed Banking
  2. Unit Banking
  3. Branch Banking
  4. None of the Above

Answer: Option1

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11:  Name the third literary production of Vedic Culture?
Options:
  1. Upanishadas
  2. Samhitas
  3. Brahamans
  4. Aranyakas

Answer: Option4

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12:  What does 'Chhandogya' & 'Jaiminaya' means in Vedic Culture?
Options:
  1. Sama Veda
  2. Yajur Veda
  3. Rig Veda
  4. Brahamans

Answer: Option1

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13:  Who is known as Hotri in Vedic Culture?
Options:
  1. The poems of Brahamans
  2. The poems of Samhitas
  3. The hyms of Yajur Veda
  4. The hyms of Rig Veda

Answer: Option4

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14:  Which is the oldest & the largest Brahamana in Vedic Culture?
Options:
  1. Kaushiki
  2. Shatapatha
  3. Panchvisha
  4. Shadvinsh

Answer: Option2

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15:  What does 'Gopatha' means in Vedic Culture?
Options:
  1. All Vedas
  2. Aranyakas
  3. Atharva Veda
  4. Aranyakas

Answer: Option3

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16:  What does 'Shatapatha' & 'Taittariya' means in Vedic Culture?
Options:
  1. Yajur Veda
  2. Rig Veda
  3. Brahamans
  4. Samhitas

Answer: Option1

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17:  What does 'Panchvisha' & 'Shadvinsh' means in Vedic Culture?
Options:
  1. Samhitas
  2. Upanishadas
  3. Atharva Vedas
  4. Sama Veda

Answer: Option4

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18:  Name the first literary production of Vedic Culture?
Options:
  1. Upanishadas
  2. Atharva Vedas
  3. Aranyakas
  4. All Vedas

Answer: Option4

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19:  What does 'Aitareya' & 'Kaushiki' means in Vedic Culture?
Options:
  1. Rig Veda
  2. Brahamans
  3. Samhitas
  4. Yajur Veda

Answer: Option1

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20:  Regional Rural Banks (RRBs), which are local level banking organisations operating in various Indian states, are designed to work in which of the following ideals?
Options:
  1. Work on basics of commercial banks
  2. Help the targeted groups
  3. Keep lending rates lower than cooperative institutions
  4. Work on innovative and adaptive ideals

Answer: Option2

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