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:

"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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Filed Under: General Awareness
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Q:

The outer most layer of the Sun is known as--

A) Corona B) Photosphere
C) Chromosphere D) Granule
 
Answer & Explanation Answer: A) Corona

Explanation:

The corona is the outermost layer of the Sun, starting at about 1300 miles (2100 km) above the solar surface (the photosphere)

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Filed Under: General Science
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.

 

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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Filed Under: English
Exam Prep: Bank Exams , GRE

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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.

 

If there is a subject of really ______________ interest and utility, it is the art of writing and speaking one's own language ___________. It is the basis of culture, as we all know; but it is infinitely more _________ that, it is the basis of business. ___________ salesman can sell anything unless he can explain the merits of his goods in effective language, or can write ___________ advertisement equally effective, or present his ideas, and the facts, in a letter.

 

subject of really ______________ interest and utility

 

A) universe B) universally
C) universality D) universal
 
Answer & Explanation Answer: D) universal

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.

 

What is it? ______ it wait?

 

A) may B) can’t
C) would D) is
 
Answer & Explanation Answer: B) can’t

Explanation:
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Filed Under: English
Exam Prep: Bank Exams , GRE , TOEFL

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Q:

In the following question, a sentence has been given in Active/Passive voice. Out of four alternatives suggested, select the one, which best expresses the same sentence in Passive/Active voice.

 

My sister will bake a dozen cakes for the fair.

 

A) For the fair, a dozen cakes would be baked by my sister. B) For the fair, a dozen cakes would have been baked by my sister.
C) For the fair, a dozen cakes will be baked by my sister. D) For the fair, a dozen cakes will have been baked by my sister.
 
Answer & Explanation Answer: C) For the fair, a dozen cakes will be baked by my sister.

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'.

The magician placed the ball (1)/ underneath of his hat and (2)/ made a mystic sign above it. (3)/No Error (4)

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

Explanation:
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