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General Knowledge Questions

What is General Knowledge?

The public knowledge communicated by a range of non-specialist masses encompassing a wide subject range. General erudition: knowledge of many things.


What does General Knowledge talk about?

Knowledge about anything, anyone, anyplace in the universe. General acquaintance with facts, truths, or principles, as from study or investigation. General knowledge is also moderately associated with verbal ability, though only weakly or not at all with numerical and spatial ability.


Why is General Knowledge Needed?

There are studies that found General Knowledge can predict exam results. The study examined personality predictors &cognitive ability in student's exam performance which found General knowledge was positively related with overall exam results.


Where we need General Knowledge?

  • Bank Exams
  • Staff Selection Commission (SSC)
  • LIC / GIC Examinations
  • Railway Examinations
  • Defense Examinations
  • UPSC Examinations
  • COMPETITIVE EXAMS FOR PROFESSIONAL SCHOOLS
  • Category of Competitive Exams
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Popular Latest Rated
Q:

The concept of net domestic investment refers to

A) the difference between the market value and book value of outstanding capital stock. B) total investment less the amount of investment goods used up in producing the year's output.
C) the amount of machinery and equipment used up in producing the GDP in a specific year. D) gross domestic investment less net exports.
 
Answer & Explanation Answer: B) total investment less the amount of investment goods used up in producing the year's output.

Explanation:
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0 1555
Q:

A command economy tends to exist under a

A) Representative government that provides no regulation. B) Socialist government that provides a lot of regulation.
C) Communist government that provides little regulation. D) Democratic government that provides some regulation.
 
Answer & Explanation Answer: B) Socialist government that provides a lot of regulation.

Explanation:

A command economy types of government decide which goods would be produced without any interference of the public.


Command economy ran in Germany during the rule of Adolf Hitler. 

 

A command economy tends to exist under a socialist government that provides a lot of regulation.

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0 1835
Q:

What was the strength of Indus economy?

A) Trading B) Agriculture
C) Electricity D) Mining
 
Answer & Explanation Answer: B) Agriculture

Explanation:
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0 1587
Q:

The MPC for an economy is

A) the slope of the savings schedule or line. B) 1 divided by the slope of the savings schedule or line.
C) the slope of the consumption schedule or line. D) 1 divided by the slope of the consumption schedule or line.
 
Answer & Explanation Answer: D) 1 divided by the slope of the consumption schedule or line.

Explanation:

Marginal propensity to consume (MPC) in economics is a metric that quantifies induced consumption, the concept that the increase in personal consumer spending (consumption) occurs with an increase in disposable income (income after taxes and transfers).

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0 1441
Q:

The most common economic system in the world is a

A) Mixed B) Command
C) Planned D) Market
 
Answer & Explanation Answer: A) Mixed

Explanation:

Mixed economy is the most common economic system in the world.

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0 1605
Q:

"GDP price index" measures changes in the

A) Amount of resources available in the nation B) Value of final output produced in the nation
C) Cost of resources employed in the nation D) Prices of the output produced in the nation
 
Answer & Explanation Answer: B) Value of final output produced in the nation

Explanation:

"GDP price index" measures changes in the value of final output produced in the nation.

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0 1049
Q:

Employment in agriculture comes under

A) organised sector B) service sector
C) unorganised sector D) semi organised sector
 
Answer & Explanation Answer: B) service sector

Explanation:
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0 1023
Q:

The foreign purchases effect

A) shifts the aggregate demand curve leftward B) moves the economy along a fixed aggregate demand curve
C) shifts the aggregate demand curve rightward D) shifts the aggregate supply curve rightward
 
Answer & Explanation Answer: B) moves the economy along a fixed aggregate demand curve

Explanation:
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