General Knowledge Question Answer: Current Affairs GK Questions and Answers

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

Q. The University of Chicago is going to establish a Chair for Indian studies in the name of which one of the following Indian mentor?
1) Rabindranath Tagore
2) Swami Vivekananda
3) Ramkrishna Paramhans
4) Sri Ravishankar

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Q. One of the State Governments in India has declared tea as the "State Drink" to encourage tea farmers. The state is -
1) Assam
2) Kerala
3) West Bengal
4) Tamil Nadu

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Q. What is the tax free income level for woman for the financial year 2012-13 (i.e. the assessment year 2013-14)?
1) Rs. 2.00 lakh
2) Rs. 1.80 lakh
3) Rs. 2.20 lakh
4) Rs. 2.50 lakh

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Q. Out of the total expenditure as shown in regular Budget 2012-13, the maximum share goes to -
1) Defence
2) Subsidy Payment
3) Central Plan Outlay
4) Interest Payment

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Q. In the list of Forbes' billionaires 2012, who became the richest person in the world?
1) Warren Buffet
2) Mukesh Ambali
3) Lakshmi Mittal
4) Carlos Slim

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Q. For the year 2012-13, the dis-investment target set by the government in Union Budget 2012-13 is -
1) Rs 45,000 crore
2) Rs 35,000 crore
3) Rs 40,000 crore
4) Rs 30,000 crore

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Q. In Budget 2012-13, the revenue deficit (Budget Estimates) for 2012-13 has been estimated at -
1) 5.5% of GDP
2) 4.4% of GDP
3) 3.4% of GDP
4) 3% of GDP

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Q. As per 2012-13 Budget, the income tax rate of 30% will be applicable for tax payers above the income -
1) Rs. 12.0 lakh
2) Rs. 8.0 lakh
3) Rs. 8.5 lakh
4) Rs. 10.0 lakh

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Q. According to Economic Survey 2011-12 in India's external debt for the year 2010-11 debt to GDP ratio stands at -
1) 17.9%
2) 20.5%
3) 17.8%
4) 18.9%

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Q. During 2011-12, the union government sold 5% share in ONGC. The revenue earned by this investment stood at -
1) 12981 crore
2) 12767 crore
3) 13767 crore
4) 13205 crore

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