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:

In April 2017, to address growing unemployment, which country has abolished the 457 Visa Programme used by thousands of temporary foreign workers, a majority of them Indians?

A) USA B) Canada
C) Australia D) UK
 
Answer & Explanation Answer: C) Australia

Explanation:
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Q:

As per World Health Organization, a pilot program testing the first ever malaria vaccine will begin in ________ in the year 2018.

A) India B) Italy
C) United Kingdom D) Africa
 
Answer & Explanation Answer: D) Africa

Explanation:
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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'.

They did nothing (1)/ that was down the (2)/ dignity of princes. (3)/No Error (4)

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: B) 2

Explanation:
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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'.

There was a fine line(A)/between being frugal(B)/and being a miser.(C)/No error(D)

A) A B) B
C) C D) D
 
Answer & Explanation Answer: D) D

Explanation:
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Q:

In the following question, out of the four alternatives, select the alternative which will improve the bracketed part of the sentence. In case no improvement is needed, select "no improvement".

Tunnels (is built) to connect houses and places of worship whereas innovative trick doors were attached to the underground cities.

A) was built B) were built
C) were building D) no improvement
 
Answer & Explanation Answer: B) were built

Explanation:
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Q:

In the following question the 1st and the last part of the sentence/passage are numbered 1 and 6. The rest of the sentence/ passage is split into four parts and named P, Q, R and S. These four parts are not given in their proper order. Read the sentence/ passage and find out which of the four combinations is correct.

 

1. Making ropes is one of the oldest trades in the world.
P. People used them for tethering animals, for drawing water from wells and for dragging large stones which were used in building.
Q. We know that people made ropes several centuries back.
R. They made them from camel hair and from twisted grass.
S. We have found pieces of rope in very old Egyptian tombs.
6. We have found too, ropes which were made of thin copper wire in the city of Pompeii, which was destroyed by a volcano 2000 years ago.

 

A) QSRP B) PRQS
C) SQPR D) QSPR
 
Answer & Explanation Answer: A) QSRP

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Q:

In the following question, out of the four alternatives, select the word similar in meaning to the word given.

Requisite

A) Peripheral B) Deadwood
C) Trivial D) Precondition
 
Answer & Explanation Answer: D) Precondition

Explanation:
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