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:

"Bankruptcy and insolvency" is listed in the __________ list given in the Seventh Schedule in the Constitution of India.

A) Union B) State
C) Global D) Concurrent
 
Answer & Explanation Answer: D) Concurrent

Explanation:
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Q:

If a ball is thrown vertically upwards with a velocity of 40 m/s, then what will be the magnitude of its displacement after 6 s?

A) 80 m B) 40 m
C) 60 m D) 20 m
 
Answer & Explanation Answer: C) 60 m

Explanation:
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Filed Under: Physics
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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.

 

A century later, the philosophy community needs to take __________ the new challenge of moral deliberation on the most pressing issues of our difficult times. We have to revoke the suspension of ethics and morality ____________ our lives by initiating a dialogue on it. Foregrounding ethics, however, ___________ means undermining the epistemological or ontological questions that are inevitably there. One such beginning can be made by anchoring moral ________________ in fairness and justice —one founded on obligatory fairness towards the people and the planet, towards the earth and the environment, and above all justice towards one_________.

 

by anchoring moral ________________ in fairness

 

A) responsibility B) responsible
C) responsibly D) responsory
 
Answer & Explanation Answer: A) responsibility

Explanation:
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Q:

The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form a coherent paragraph.

 

The 1980s saw the introduction

 

A-of the gas lighter that we

B-commonly use now, which has

C-almost destroyed the match industry

 

A) CBA B) ABC
C) CAB D) BCA
 
Answer & Explanation Answer: B) ABC

Explanation:
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Q:

In the following question, out of the given four alternatives, select the one which is opposite in meaning of the given word.

 

Grandiose

 

A) Noble B) Impressive
C) Moderate D) Vast
 
Answer & Explanation Answer: C) Moderate

Explanation:
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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.

 

Violence takes a heavy toll and affects public life ______. High or low, known or unknown, rich or poor, popular or unpopular, no one is safe or secure today. It
appears that one can harm anybody at any time and at ______. A mad and sad rat race is on to make money and ______ power at any cost and by any means. The
result is that no political party or group can now ______ into claim to total innocence in so far as ______ of violence against innocent person for personal or political
gains is concerned. Violent demonstrations, rallies, hartals have become the order of the day.

 

make money and ______ power at any cost.

 

A) retain B) sustain
C) gain D) maintain
 
Answer & Explanation Answer: C) gain

Explanation:
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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.

People may see, and hear, and feel all their lives without ____________ learning the nature of things they see. But reason is the mind's eye, and enables us to see why things are, and when and how events may be made to happen ___________ not to happen. The logician endeavours to ____________ exactly what this reason is which makes the power of men. We all, as I have said, must reason well or ill, but logic is the science of reasoning and enables us to distinguish ______________ the good reasoning which leads to truth, and the bad reasoning which every day betrays people into error _________ misfortune.

 

made to happen ___________ not to happen. 

 

A) or B) but
C) so D) at
 
Answer & Explanation Answer: A) or

Explanation:
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