General knowledge documents information gained through academic life and practical experience. General knowledge MCQ tests general awareness about current issues and academic subjects. GK is short for general knowledge while MCQs stand for multiple choice questions.
General Knowledge MCQs
- After the expansion of BRICS on 1 January 2024, how many members are there in the organization?
(A) 5
(B) 10
(C) 15
(D) 20The answer is: (B) 10
Currently, the 10 members of BRICS are Brazil, China, Russia, India, South Africa, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates. - What is the function of a central bank (or a state bank)?
(A) taking deposits from the people
(B) implementing monetary policy
(C) lending to businesses
(D) determining inflation and tax ratesThe answer is: (B) implementing monetary policy
Central bank is required to implement monetary policy of the central government. - In accounting, a debit entry usually represents
(A) Assets and Expenses
(B) Assets and Income
(C) Liabilities and Income
(D) Liabilities and ExpensesThe answer is: (A) Assets and Expenses
In accounting, a debit entry usually represents assets and expenses. - A particular investment is considered risky when
(A) it is dangerous
(B) it has low returns
(C) its returns are uncertain
(D) its raw material is unavailableThe answer is: (C) its returns are uncertain
When returns on an investment are uncertain, it is termed risky. Therefore, investing in stocks is considered a risky investment. - After exit of United Kingdom from the European Union, how many members are there in the Union?
(A) 25
(B) 26
(C) 27
(D) 28The answer is: (C) 27
The United Kingdom left the European Union (EU) on 31 January 2020. Now, there are 27 members of the EU. - In Finance, risk is measured by calculating the
(A) mean
(B) variance
(C) standard deviation
(D) kurtosisThe answer is: (C) standard deviation
In Finance, risk is measured by calculating the standard deviation. For example, risk in stocks investment is measured by calculating standard deviation of the daily returns. - One of the following is included in Personal Income but excluded from National Income. Which one is that?
(A) Dividends
(B) Wages
(C) Interest on Public DebtThe answer is: (C) Interest on Public Debt
- Basket of main currencies is
(A) reference rate
(B) currency peg
(C) exchange rate
(D) special drawing rightsThe answer is: (D) special drawing rights (SDR)
- An isoquant is convex to the origin because of
(A) law of diminishing returns
(B) diminishing marginal rate of substitution between factors
(C) law of increasing returnsThe answer is: (B) diminishing marginal rate of substitution between factors
- The relationship between price and quantity bought at that price is termed as
(A) demand curve
(B) supply curve
(C) law of one price
(D) equilibrium positionThe answer is: (A) demand curve
VIEW MORE
Everyday Science MCQs
World General Knowledge MCQs
General Knowledge
There are eight planets revolving around the sun. Our Earth is the third planet from the sun. Currently, it is the only planet in the solar system that supports life. We call the planet Earth “the world,” and it is divided into land and water. About 71% of the world is water, and the rest is land, which is divided into 7 continents. Asia is the largest continent in terms of area and population. India and China, the world’s most and second-most populated countries, are located in Asia.
GK MCQs
Q. In terms of area, the world’s largest continent is:
(A) Asia
(B) Europe
(C) Africa
The answer is: (A) Asia
Q. About what percentage area of the planet earth is covered with land?
(A) 71%
(B) 50%
(C) 29%
The answer is: (C) 29%