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
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Q:

Which company has been conferred with the 'Startup of the Year 2017' award at the 7th Small Business Awards, in New Delhi?

A) Milkbasket B) Milkmaid
C) Milkdairy D) Milkbar
 
Answer & Explanation Answer: A) Milkbasket

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

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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'.

Hardly had I reached the (1)/ exhibition where I learnt (2)/ about the major robbery. (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:

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.


Democracy should _____ dignity of the individual. It should also aim at the _____ good of the greatest _____. The opposition party should _____ the wrong plans,
policies and decisions of the government in power. The government should cater to the _____ needs of the people to make its position solid.


Democracy should _____ dignity of the individual.

A) built B) ensure
C) keep D) support
 
Answer & Explanation Answer: B) ensure

Explanation:
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Q:

In the following question, out of the four alternatives, select the alternative which is the best substitute of the phrase.

The system which is observed to do progress

A) Violation B) Impairing
C) Preservation D) Reformism
 
Answer & Explanation Answer: D) Reformism

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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Exam Prep: Bank Exams

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Q:

Fire extinguishers emit which gas?

A) Carbon monoxide B) Chlorine
C) Carbon dioxide D) Nitrogen
 
Answer & Explanation Answer: C) Carbon dioxide

Explanation:
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Filed Under: Chemistry
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Q:

The maximum fixation of solar energy is done by

A) Bacteria B) Protozoa
C) Fungi D) Green plants
 
Answer & Explanation Answer: D) Green plants

Explanation:
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Filed Under: Chemistry
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