General Knowledge Question Answer: GK Questions and Answers

General Knowledge Questions, Quiz for Competitive Exams, Important MCQs for GK

Q. The concept of freedom of trade and commerce mentioned in the Indian Constitution is motivated by the experience of the following countries?
1) America
2) Australia
3) Ireland
4) United Kingdom

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Q. How long do patents usually last for?
1) 10 years
2) 20 years
3) 25 years
4) 50 years

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Q. Imagine an IPL team sets up a company to sell its own range of clothes. What type of intellectual property can the team use to show that the clothes are made by them?
1) Patents
2) Geographical Indications
3) Trademarks
4) Registered designs

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Q. What is the minimum percentage of affected families that need to give their prior consent for acquiring land for private com­panies as per the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilita­tion and Resettlement Act, 2013?
1) 75%
2) 80%
3) 90%
4) 100%

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Q. Within what period from the date of publication of the declaration, if no award is made, the entire proceedings for the acquisition of land shall lapse as per the Right to Fair Compensa­tion and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013?
1) 6 months
2) 12 months
3) 18 months
4) 24 months

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Q. In the light of the Negotiable Instru­ments Act, of 1881, at what rate interest will be charged if the rate of interest is not mentioned on the negotiable instruments?
1) 6% per annum
2) 10% per annum
3) 18% per annum
4) 20% per annum

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Q. Which of the following is not a negotiable instrument as per the Negotiable Instruments Act, of 1881?
1) Promissory note
2) Hundi
3) Bill of exchange
4) Cheque

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Q. Which of the following is the time limit given under Section 17 of the Transfer of Property Act, of 1882?
1) Life of the transferee
2) A period of 18 years from the date of transfer
3) Either (A) or (B) whichever is longer
4) Neither (A) nor (B)

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Q. What is the default interest pay­able under Section 63A of the Transfer of Property Act, 1882?
1) 6% per annum
2) 8% per annum
3) 9% per annum
4) No default rate prescribed

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Q. A stipulation in a bond for pay­ment of compound interest on failure to pay simple interest at the same rate as was payable upon the principal is not a penalty within the meaning of which of the following provisions of the Indian Contract Act, 1872?
1) Section 73
2) Section 74
3) Section 75
4) Section 76

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