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:

Which among the following neighbouring country of India is the largest producer of Opium in the World?

A) Pakistan B) Afghanistan
C) Sri Lanka D) Maldives
 
Answer & Explanation Answer: B) Afghanistan

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

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Q:

Which of the following glows with special colour depending on the nature of gas in the fluorescent tube?

A) Plasma B) Hydrogen
C) Helium D) Bose-Einstein condensate
 
Answer & Explanation Answer: A) Plasma

Explanation:
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Filed Under: Physics
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.

 

We get sleepy and wake up, become hungry and thirsty at certain hours, ____________ force of habit. We form the habit of liking a certain chair, or nook, or corner, or path, or desk, and __________ seek this to the exclusion of all others. We ______________ use a particular pitch of voice and type of enunciation in speaking, and this becomes one of our characteristic marks; or we _________ the habit of using barbarisms or solecisms of language in __________, and these cling to us and become an inseparable part of us later in life.

 

desk, and __________ seek this to the exclusion

 

 

A) than B) there
C) then D) that
 
Answer & Explanation Answer: C) then

Explanation:
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Filed Under: English
Exam Prep: Bank Exams , GRE , TOEFL

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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.

 

Living as _________ educated individual in a free society, I felt that we continue to unknowingly hold some biases that we develop _________ time. It requires many maturity updates to install in your psychological system, and at ___________ conscious efforts to develop a good sense of __________. I was small at that time, but with age and experience I absolutely _____________ and approved each and every word my uncle had said that day.

 

that we develop _________ time. It requires

 

A) on B) over
C) top D) above
 
Answer & Explanation Answer: B) over

Explanation:
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Filed Under: English
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Q:

In the following question, out of the four alternatives, select the alternative which will improve the bracketed part of the sentence. In case no improvement is needed, select "no improvement".

 

Gilbert de Lafayette's father and grandfather and great-grandfather (have all been) brave and noble men.

 

A) has all been B) has all being
C) have all being D) no improvement
 
Answer & Explanation Answer: D) no improvement

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Q:

In the following question, a word has been written in four different ways out of which only one is correctly spelt. Select the correctly spelt word.

 

A) Acquaintance B) Acuainatance  
C) Acquaintence   D) Akquaintance
 
Answer & Explanation Answer: A) Acquaintance

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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.

 

Worldwide, journalism and the news industry are struggling, in this digital age, to ________________ their relevance and value under profoundly changed and _________________ circumstances. In response ________________ the challenge, a strong view is forming within the profession that one way to ensure that the activities that __________________ journalism will continue to matter is to hone, strengthen, and develop its professional capabilities to perform certain __________________ tasks.

 

In response ________________ the challenge

 

A) to B) of
C) for D) about
 
Answer & Explanation Answer: A) to

Explanation:
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