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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Q:

__________ amends the Constitution.

A) Ministry of Defence B) Prime Minister's Office
C) Parliament D) Securities and Exchange Board of India
 
Answer & Explanation Answer: C) Parliament

Explanation:
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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’.

 

When a student works on a mathematical problem, (1)/ he comes to a stage beyond which he do not (2)/ know how to proceed, and where he is in doubt and perplexity. (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
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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best express the same sentence in Indirect/Direct speech.

 

The clerk said to the visitor,"Shall I ask these people to wait for you?"

 

A) The clerk asked the visitor if he should ask those people to wait for him. B) The clerk asked the visitor if he shall ask these people to said for him.
C) The clerk asked the visitor if he had asked those people to wait for him. D) The clerk told the visitor that he should ask these people to wait for him.
 
Answer & Explanation Answer: A) The clerk asked the visitor if he should ask those people to wait for him.

Explanation:
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Q:

In the following question, four words are given out of which one word is correctly spelt. Select the correctly spelt word.

 

A) desendent B) descendant  
C) iliterrate   D) descendente
 
Answer & Explanation Answer: B) descendant  

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

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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".

 

Learning (include) discovery, insight, understanding as well as accumulation of information.

 

A) includes   B) had includes  
C) has include   D) no improvement
 
Answer & Explanation Answer: A) includes  

Explanation:
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Q:

A corporate culture is generally defined as the

A) informal interaction of employees outside work during non-business hours. B) manner in which employees interact with each other and with management.
C) incorporation of company policies and procedures into employee activities. D) inner rites, rituals, heroes, and values of a firm.
 
Answer & Explanation Answer: D) inner rites, rituals, heroes, and values of a firm.

Explanation:
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Q:

Which of the following constitutional Amendment Act, deals with the Elementary Education as a Fundamental Right?

A) 84th Amendment Act B) 85th Amendment Act
C) 86th Amendment Act D) 87th Amendment Act
 
Answer & Explanation Answer: C) 86th Amendment Act

Explanation:
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Filed Under: Indian Politics

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