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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
Exam Prep: Bank Exams

0 1541
Q:

Which among the following is false about displacement?

A) It can be positive, negative or zero B) Displacement is never greater than Distance
C) Its SI unit is meter D) It is always positive
 
Answer & Explanation Answer: D) It is always positive

Explanation:
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Filed Under: Physics
Exam Prep: AIEEE , Bank Exams , CAT

2 1541
Q:

India - Pakistan Kargil war code name is ____.

A) Operation Blue Star B) Operation Vijay
C) Operation Viraat D) Operation Kargil
 
Answer & Explanation Answer: B) Operation Vijay

Explanation:
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Filed Under: Indian History
Exam Prep: Bank Exams

5 1541
Q:

In Microsoft Word, File, edit, view etc. are provided in _______________.

A) Standard tool bar B) Menu bar
C) Formatting tool bar D) Status bar
 
Answer & Explanation Answer: B) Menu bar

Explanation:
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Filed Under: Computer
Exam Prep: Bank Exams

9 1541
Q:

Rohit buys a ball for Rs 450 and sells it. Rohit gives two successive discount of 20% and 5% to the customer. What will be the selling price (in Rs) of the ball?

A) 342 B) 354
C) 334 D) 362
 
Answer & Explanation Answer: A) 342

Explanation:
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Filed Under: Percentage
Exam Prep: Bank Exams

2 1541
Q:

In a week, how many times are the hands of a clock at right angles with each other?

A) 308 B) 44
C) 24 D) 154
 
Answer & Explanation Answer: A) 308

Explanation:
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Filed Under: Clocks
Exam Prep: Bank Exams

0 1541
Q:

For the aquatic organisms, the source of food is

A) Phytoplankton B) Sea Weed
C) Aqua plankton D) Zooplankton
 
Answer & Explanation Answer: A) Phytoplankton

Explanation:
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Filed Under: Biology
Exam Prep: Bank Exams

1 1541
Q:

Which of the following Mughal rulers started 'Jharokha Darshan'?

A) Babar B) Humayun
C) Akbar D) Jahangir
 
Answer & Explanation Answer: C) Akbar

Explanation:
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Filed Under: Indian History
Exam Prep: Bank Exams

1 1541