Questions

Q:

LRS is a facility provided by the Reserve Bank of India for all the resident individuals to freely remit a certain amount in terms of US dollar every financial year for a permissible set of current or capital account transactions. Here ‘LRS’ stands for ____.

A) Liquidity Remittance Scheme B) Liberalised Remittance Scheme
C) Liberalised Remittance Source D) Liberalised Revenue Scheme
 
Answer & Explanation Answer: B) Liberalised Remittance Scheme

Explanation:

LRS stands for - Liberalised Remittance Scheme.
LRS is a facility provided by the Reserve Bank of India for all resident individuals to freely remit certain amount in terms of US dollar every financial year for a permissible set of current or capital account transactions.
Note:
* In April 2018, the Reserve Bank of India (RBI) has tightened reporting norms for the Liberalised Remittance Scheme (LRS) under which individual can transfer up to US $2,50,000 abroad in a year.

* The purpose of tightening of norms is to improve monitoring and to ensure compliance with LRS limits.
* The scheme was introduced in February 2004 and its regulations are provided under Foreign Exchange Management Act (FEMA), 1999.

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

With which country India has signed an agreement to renew the supply of Petroleum for a period of 5 years (i.e. till 2022)?

A) Nepal B) U.A.E.
C) Iran D) Bhutan
 
Answer & Explanation Answer: A) Nepal

Explanation:
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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

The wheels have come off

A) To use something so much that it wears out. B) Things start to fail or go wrong, especially after a period of success.
C) To do a shoddy job which is destined to fail. D) Make an excuse to avoid doing a task.
 
Answer & Explanation Answer: B) Things start to fail or go wrong, especially after a period of success.

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

Of the three activities of thought, word and deed, perhaps thought is the most ______ and powerful force, for it is the ______ of the other two. Success is achieved twice, once in the mind and the second time in the real world. No matter in whose mind thought occurs; its laser-like energy seeks a target. That’s why we give so much importance to ______, seeking divine blessings before ______ on any project as we know that positive thinking is a strong force that can be ______ for the welfare and success of all.

 

the most ______ and powerful

A) potent B) fragile
C) ineffective D) disabled
 
Answer & Explanation Answer: A) potent

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No error'.


No sooner did the sun rise (1)/ when we resumed the journey (2)/ after having a hasty breakfast. (3)/ No Error (4)

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: B) 2

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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Q:

If cos4θ-sin4θ=13 then the value of tan2θ is

A) 1/2 B) 1/3
C) 1/4 D) 1/5
 
Answer & Explanation Answer: A) 1/2

Explanation:
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Q:

Which of the following is not a fundamental principle of Red Cross?

A) Compulsory Service B) Independence
C) Impartiality D) Humanity
 
Answer & Explanation Answer: C) Impartiality

Explanation:

It makes no discrimination as to nationality, race, religious beliefs, class or political opinions. It endeavours to relieve the suffering of individuals, being guided solely by their needs, and to give priority to the most urgent cases of distress

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Filed Under: World Organisations
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Which of the following Mughal rulers started 'Jharokha Darshan'?

A) Babar B) Humayun
C) Akbar D) Jahangir
 
Answer & Explanation Answer: C) Akbar

Explanation:
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Filed Under: Indian History
Exam Prep: Bank Exams

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