Q:

The Grande Croix Commandeur in National Merit Order - the highest civilian honor of Ivory Coast, Africa - was recently conferred on which Indian?

A) Pranab Mukherjee	B) Narendra Modi
C) Gopalkrishna Gandhi	D) Manmohan Singh

Answer & Explanation Answer: A) Pranab Mukherjee

Explanation:

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Filed Under: Honours and Awards
Exam Prep: Bank Exams

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Q:

Where was Mahatma Gandhi born?

A) Madhya Pradesh	B) Assam
C) Rajasthan	D) Gujarat

Answer & Explanation Answer: D) Gujarat

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Filed Under: Indian Geography
Exam Prep: Bank Exams

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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

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Q:

Union Cabinet approves amendments in M-SIPS to attract investment in electronics manufacturing. What is the full form of M-SIPS?

A) Modified Sustainable Investment Package Scheme	B) Modified Special Information Package Scheme
C) Modified Special Incentive Package Scheme	D) Modern Socialist Incentive Package Scheme

Answer & Explanation Answer: C) Modified Special Incentive Package Scheme

Explanation:

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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

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

When does solar eclipse take place ?

A) When the sun is between the moon and earth	B) When the earth is between the moon and sun
C) When the moon is between the sun and earth	D) When the moon does not lie on the line joining the sun and earth

Answer & Explanation Answer: C) When the moon is between the sun and earth

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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

_____ is the source of energy and materials in human beings.

A) Water	B) Sunlight
C) Food	D) Gas

Answer & Explanation Answer: C) Food

Explanation:

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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

Spring tides occur when ______.

A) the moon, the sun and the earth are in the same line	B) the sun is closest to earth
C) the moon is farthest from earth	D) the earth is at right angles with the sun and the moon

Answer & Explanation Answer: A) the moon, the sun and the earth are in the same line

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Filed Under: General Science
Exam Prep: Bank Exams

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