General knowledge Questions and Answers

Indian Polity GK Questions
1. When did Mr. Attlee, Prime Minister of England, announce tile transfer of power to the Indians? – June, 1948

2. What is the minimum permissible age for employment in any factory or mine? – 14 years

3. Under which article the provision for Contingency Fund of India as well as for each State has been made? – Article 267

4. When the Vice-President officiates as President, whose salary does he draw? – President

5. By whom is the Annual Financial Statement caused to be laid before both Houses of Parliament? – President



6. Ministers in a State get salaries, by whom is it as determined? – State Legislature

7. In respect of which states has Union Parliament power to legislate on the subjects of all three lists? – Union Territories

8. To whom does UPSC submit its annual report on its work? – The Union Home Minister

9. What is the intermediate tier of the Panchayati Raj System called? – Panchayat Samiti

10. The Archaeological Survey of India is an attached office of which Department/Ministry? – Culture

Indian Economy GK Questions
1. In which of the Five Year Plans, preference was given to the weaker sections of the society? – Fifth

2. As per latest data in urban areas women employment is highest in which industry areas? – Retail Trade

3. In India, which first bank of limited liability managed by Indians and founded in 1881? – Oudh Commercial Bank

4. In which year, some more commercial banks in addition to the first lot of 141 were nationalised in India? – 1980

5. Which are referred to as the developed economies? – Countries having large per capita income



6. If saving exceeds investment, how will the national income? – Remain constant

7. What is meant by ‘Underwriting’, the term frequently used in financial sector? – Under valuation of the assets.

8. Which authority sanctions foreign exchange for the import of goods? – Reserve Bank of India

9. What is the ideal average NPK ratio aggregated for the country as a whole? – 4 : 2 : 1

10. In India, which is regulated by the forward Markets Commission? – Commodities Futures Trading