Daily GK Questions Practice Question and Answer

Q: The base year for the calculation of all-India Index of Industrial Production (IIP) is: 1104 0

  • 1
    2004-05
    Correct
    Wrong
  • 2
    2005-06
    Correct
    Wrong
  • 3
    2010-11
    Correct
    Wrong
  • 4
    2011-12
    Correct
    Wrong
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Answer : 4. "2011-12"

Q: Which of the following statements is correct about the chairperson of Monetary Policy Committee (MPC)? 1307 0

  • 1
    The chairperson of the committee is appointed by the RBI Governor
    Correct
    Wrong
  • 2
    RBI Governor is the ex officio Chairperson of the committee
    Correct
    Wrong
  • 3
    Finance Minister is the ex-officio chairperson of the committee
    Correct
    Wrong
  • 4
    The Chairperson of the committee is appointed by the Finance Minister
    Correct
    Wrong
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Answer : 2. "RBI Governor is the ex officio Chairperson of the committee"

Q: Frugal engineering is defined as the process of: 1499 0

  • 1
    raising the profit of a firm by reducing labour and capital cost
    Correct
    Wrong
  • 2
    reducing the complexity and cost of a good and its production
    Correct
    Wrong
  • 3
    accelerating the profit of a firm by adoption of science-based innovations
    Correct
    Wrong
  • 4
    increasing customer base by offering discounts to customers
    Correct
    Wrong
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Answer : 2. "reducing the complexity and cost of a good and its production"

Q: Which of the following currencies is not included in the Special Drawing Rights (SDR) Currency Basket? 1050 0

  • 1
    Indian Rupee
    Correct
    Wrong
  • 2
    British Pound
    Correct
    Wrong
  • 3
    Japanese Yen
    Correct
    Wrong
  • 4
    Chinese Renminbi
    Correct
    Wrong
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Answer : 1. "Indian Rupee"

Q: Which of the following was the first paper currency issued by RBI? 1220 0

  • 1
    Rs 1-Note
    Correct
    Wrong
  • 2
    Rs 2-Note
    Correct
    Wrong
  • 3
    Rs 5 Note
    Correct
    Wrong
  • 4
    Rs 100 Note
    Correct
    Wrong
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Answer : 3. "Rs 5 Note"

Q: Duty Entitlement Pass Book (DEPS) is an scheme of Indian Government provided to _? 1471 0

  • 1
    Exporters
    Correct
    Wrong
  • 2
    Importers
    Correct
    Wrong
  • 3
    Wholesalers
    Correct
    Wrong
  • 4
    Retailers
    Correct
    Wrong
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Answer : 1. "Exporters"

Q: Which of the following firms has been recently named as the world’s biggest private equity firm? 1064 0

  • 1
    Apollo Global Management LLC
    Correct
    Wrong
  • 2
    Blackstone Group
    Correct
    Wrong
  • 3
    Goldman Sachs
    Correct
    Wrong
  • 4
    General Atlantic
    Correct
    Wrong
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Answer : 1. "Apollo Global Management LLC"

Q: At which of the following places, printing press of Reserve Bank of India is not present? 1222 0

  • 1
    Nasik
    Correct
    Wrong
  • 2
    Dewas
    Correct
    Wrong
  • 3
    Salboni
    Correct
    Wrong
  • 4
    Mumbai
    Correct
    Wrong
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Answer : 4. "Mumbai"

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