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
Exam Prep: Bank Exams

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Q:

Which country is the largest producer of Guava?

A) Brazil B) China
C) United States D) India
 
Answer & Explanation Answer: D) India

Explanation:
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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Which university has been ranked at the top in the Swachhta Ranking 2017 released by the Union Government?

A) Banaras Hindu University B) Hyderabad University
C) O.P. Jindal University D) Madurai University
 
Answer & Explanation Answer: C) O.P. Jindal University

Explanation:
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Filed Under: General Awareness
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Q:

As per a report released by the Bank of America Merrill Lynch in November 2017, India is likely overtake Japan in nominal GDP to become world’s third-largest economy by which year?

A) 2025 B) 2020
C) 2028 D) 2050
 
Answer & Explanation Answer: C) 2028

Explanation:
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Filed Under: General Awareness
Exam Prep: Bank Exams

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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

Explanation:
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Filed Under: Indian Politics
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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'.
Rohit is two year (1)/ junior than Mukesh (2)/ in the office. (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:

Battle of Haldighati in 1576 was fought between Akbar and _______.

A) Sher Shah B) Maharana Pratap
C) Hemu Vikramaditya D) Nader Shah
 
Answer & Explanation Answer: B) Maharana Pratap

Explanation:
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Filed Under: Indian History
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

Which among the following is not correctly matched?

A) Victoria Falls - Australia B) Niagara Falls - Canada
C) Angel Falls - Venezuela D) Iguazu Falls - Argentina
 
Answer & Explanation Answer: A) Victoria Falls - Australia

Explanation:

In the given machings, Victoria falls is not in Australia. It is in South Africa between Zambia and Zimbabwe on the zambezi river.

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Filed Under: World Geography
Exam Prep: AIEEE , Bank Exams , CAT
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