General Awareness MCQ for Competitive Exams

The following quiz provides General Awareness MCQ Questions With Answers. Candidates who are preparing for various Government exams must take this quiz series brought to them by Infinity Lectures.

Target: SBI PO, SBI Clerk, RBI Assistant, IBPS PO, IBPS Clerk, SSC CGL, SSC GD, SSC CPO, SSC MTS, SSC CHSL, Railways, etc.

1. Before the establishment of Reserve Bank of India, who had been handed over the charge of exchange control?

1. Allahabad Bank
2. Imperial Bank of India
3. Punjab National Bank
4. General Bank of India

2. RBI is the lender of last resort, what does it mean?

1. RBI advances necessary credit against eligible securities.
2. Commercial Banks give fund to RBI.
3. RBI advances money to the public whenever there is an emergency
4. All the above

3.SARFAESI Act not applicable in-

1. House property
2. Machinery
3. Agricultural land
4. KVP

4. What is/are the possible cause of inflation?

1. Growth in population
2. Rise in unemployment
3. Increasing Urbanization
4. All of these

5. Which is the most important source of National Income in India?

1. Agriculture
2. Services
3. Industry
4. Business

6. Which of the following is the regulator of money market?

1. Government of India
2. Reserve Bank of India
3. Insurance Regulatory Development Authority
4. Telecom Regulatory Authority of India

7. NAV calculation of mutual funds means –

1. Illiquidity
2. The net worth of shares
3. Dividend payment
4. Capitalisation

8. An economy that do not export or import from other country is said to be –

1. Open economy
2. Closed economy
3. Mixed economy
4. Capitalist economy

9. Borrowing is included in which of the following account?

1. Current account
2. Saving account
3. Capital account
4. Social account

10. Who is the chairman of NITI AAYOG?

1. President
2. Finance Minister
3. Minister of Home Affairs
4. Prime Minister

11.Which one of the following is PJMDY related to –

1. Financial inclusion
2. Literacy
3. Bank
4. Female education

12. How many digits are contained in MICR?

1. 11
2. 10
3. 9
4. 12

13. Full form of NEFT is –

1. National Electronic Funds Transfer
2. National Electric Fund Transfer
3. National Electronic Finance Transfer
4. National Electric Funds Transfer

14. The Banking system in India follows which Act?

1. Indian Companies Act, 1949
2. Negotiable Instruments Act, 1881
3. SBI Act, 1955
4. None of the above

15. ____ credit policy promotes investment.

1. Dear
2. Cheap
3. Restricted
4. Green

16. The process of correct inflation is –

1. Stagnation
2. Stagflation
3. Deflation
4. Disinflation

17. In 1867-68 who calculated the per capita income at 20 rupees for the first time in India?

1. M. G. Ranade
2. Sir W. Hunter
3. Naoroji
4. R. Dutt

18. Who gave the concept of ‘Drain of Wealth ‘?

1. Govind Ranade
2. G. K. Gokhale
3. Bal Gangadhar Tilak
4. Naoroji

19. Which of the following instrument is defined under negotiable instrument act?

1. Cheque
2. Draft
3. Bill of Exchange
4. All the above

20. What is the minimum validity of a cheque?

1. 30 days
2. 60 days
3. 90 days
4. 180 days