Basic GK Practice Question and Answer

Q: Jio is a big shot at reducing the cost of Internet access in India. The U.S., despite being the richest country in the world, lags far behind in terms of cost and penetration of Internet access. Cheap access to the Internet is an important step in bridging the access gap – access to good education, good healthcare, etc. But the market reaction to Jio is similar to the U.S. market’s reaction to firms announcing their intention to diversify. ( 1539 0

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    The final group of losers is the current shareholders of RIL. On announcement of Jio, the stock price of RIL fell. (
    Correct
    Wrong
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    It shows that the market’s short-term reaction is usually proven correct in the long-run. (
    Correct
    Wrong
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    On losing end, the first groups of losers are the shareholders of other telecom companies. (
    Correct
    Wrong
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    The large amount of revenue the Government of India gets from auctioning off the nation’s natural resources is not necessarily a good thing because the Government does not have a stellar track record when it comes to spending the money. A large fraction of Government spending is wasted. (E) The second loser is the Government of India. The big money the Indian Government was raking in selling cellular bandwidth was actually coming from the pockets of the cellular consumers.  (F) The first obvious winners of this scheme are customers. (G) The second winner is Mr. Ambani; he can potentially make a lasting impact as the man who brought Internet to millions of Indians.   Question: Which of the following supports the decision of other companies opposing Reliance JIO Scheme?
    Correct
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Answer : 4. "The large amount of revenue the Government of India gets from auctioning off the nation’s natural resources is not necessarily a good thing because the Government does not have a stellar track record when it comes to spending the money. A large fraction of Government spending is wasted. (E) The second loser is the Government of India. The big money the Indian Government was raking in selling cellular bandwidth was actually coming from the pockets of the cellular consumers.  (F) The first obvious winners of this scheme are customers. (G) The second winner is Mr. Ambani; he can potentially make a lasting impact as the man who brought Internet to millions of Indians.   Question: Which of the following supports the decision of other companies opposing Reliance JIO Scheme?"
Explanation :

Answer: D) Both C & E Explanation: As the arguments C and E states that other companies are on the losing end with this scheme, it is the only appropriate answer to this question.

Q:

Which of the following industries has the highest labor force in India?

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    Cement Industry
    Correct
    Wrong
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    textile industry
    Correct
    Wrong
  • 3
    Jute Industry
    Correct
    Wrong
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    Iron-steel industry
    Correct
    Wrong
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Answer : 2. "textile industry"
Explanation :

In 2021, 43.96 percent of the workforce in India were employed in agriculture, while the other half was almost evenly distributed among the two other sectors, industry and services. While the share of Indians working in agriculture is declining, it is still the main sector of employment.

Q:

Which is the most popular means of providing non institutional finance?

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  • 1
    Country Banker
    Correct
    Wrong
  • 2
    Mahajan
    Correct
    Wrong
  • 3
    Merchant
    Correct
    Wrong
  • 4
    Co-operative bank
    Correct
    Wrong
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Answer : 2. "Mahajan"

Q:

Who built the Red Fort in Agra?

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    Akbar
    Correct
    Wrong
  • 2
    Aurangzeb
    Correct
    Wrong
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    Shah Jahan
    Correct
    Wrong
  • 4
    Jahangir
    Correct
    Wrong
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Answer : 1. "Akbar"

Q:

Which of the following telecom company launched Airtel Payment Bank on 12 January 2017?

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    Idea
    Correct
    Wrong
  • 2
    Vodafone
    Correct
    Wrong
  • 3
    Bharti Airtel
    Correct
    Wrong
  • 4
    Reliance Jio
    Correct
    Wrong
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Answer : 3. "Bharti Airtel"

Q:

Who is the author of the book India Divided?

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    Vikram Seth
    Correct
    Wrong
  • 2
    Morarji Desai
    Correct
    Wrong
  • 3
    Indira Gandhi
    Correct
    Wrong
  • 4
    Dr. Rajendra Prasad
    Correct
    Wrong
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Answer : 4. "Dr. Rajendra Prasad"

Q:

The traveler who visited the Bahmani kingdom in 1417 was?

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    Marco Polo
    Correct
    Wrong
  • 2
    Niccol Conti
    Correct
    Wrong
  • 3
    Athanasius Nikitin
    Correct
    Wrong
  • 4
    Ibn Battuta
    Correct
    Wrong
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Answer : 3. "Athanasius Nikitin"

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