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:

Who among the following was responsible for the spread of Buddhism in Sri Lanka?

A) Ashoka B) Mahavira
C) Parsavanth D) Chandra Gupta Maurya
 
Answer & Explanation Answer: A) Ashoka

Explanation:

Buddhism was introduced into Sri Lanka in the third century BCE after the Third Buddhist council by Mahinda Bhikkhu, son of Emperor Ashoka.

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Q:

First country to make constitution is ________.

A) India B) England
C) USA D) Sri Lanka
 
Answer & Explanation Answer: C) USA

Explanation:
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Q:

A sentence/a part of the sentence is underlined. Four alternatives are given to the underlined part which will improve the sentence. Choose the correct alternative and click the button corresponding to it. In case no improvement is needed, click the button corresponding to “No improvement”.

A foolish person is some one who is easily taken-in and tricked by others.

A) sober B) stupid
C) gullible D) No improvement
 
Answer & Explanation Answer: C) gullible

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 expresses the same sentence in Indirect/Direct speech.

"What is your name?" she asked him.

A) She asked him what his name is. B) She asked him what his name has been.
C) She asked him what is his name. D) She asked him what his name was.
 
Answer & Explanation Answer: D) She asked him what his name was.

Explanation:
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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

My husband has listed me as the _______________ of his life insurance policy.

A) successor B) beneficiary
C) heir D) inheritor
 
Answer & Explanation Answer: B) beneficiary

Explanation:
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Q:

Blood is red in colour due to the presence of __________

A) Cytochrome B) Chlorophyll
C) Hemocyanin D) Haemoglobin
 
Answer & Explanation Answer: D) Haemoglobin

Explanation:
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Q:

In Animal Kingdom classification, which of the following is not a Phylum?

A) Mollusca B) Chordata
C) Coelomates D) Anneldia
 
Answer & Explanation Answer: C) Coelomates

Explanation:
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