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Q:

Strait of Gibraltar connects which of the following?

A) Red Sea ­ Mediterranean Sea B) Red Sea ­ Arabian Sea
C) Atlantic Ocean ­ Mediterranean Sea D) Mediterranean Sea ­ Black Sea
 
Answer & Explanation Answer: C) Atlantic Ocean ­ Mediterranean Sea

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Filed Under: Indian Geography
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Q:

Which country has the smallest terrestrial border with India?

A) Pakistan B) Nepal
C) Myanmar D) Bhutan
 
Answer & Explanation Answer: D) Bhutan

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Filed Under: Indian Geography
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Q:

In a computer, what is the name of the high speed memory used

A) Cache B) RAM
C) BIOS D) Hard Disk
 
Answer & Explanation Answer: A) Cache

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Filed Under: Computer
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Q:

Swarna Jayanti Gram Swarojgar Yojna has now been restructured as

A) Prime Minister's Rojgar Yojna B) National Rural Livelihoods Mission
C) Jawahar Gram Samriddhi Yojana D) Sampoorna Gramin Rojgar Yojana
 
Answer & Explanation Answer: B) National Rural Livelihoods Mission

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Filed Under: Indian Politics
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Q:

Who among the following is addressed as the Chairman of Rajya Sabha?

A) Prime Minister B) Chief Justice
C) Vice­-President D) Attorney General
 
Answer & Explanation Answer: C) Vice­-President

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Filed Under: Indian Politics
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Q:

Pollination by wind is called?

A) Hydrophily B) Pollinophily
C) Anemophily D) Herbophily
 
Answer & Explanation Answer: C) Anemophily

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Filed Under: General Science
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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

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Filed Under: Indian Politics

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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
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