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:

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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Q:

'Stand up India' scheme launched by the Prime Minister recently is related with

A) Promotion of entrepreneurship among SC, ST and Women	B) Promotion of rights of Divyangs
C) Promotion of compulsory education for women	D) Promotion of Indian exports in western countries

Answer & Explanation Answer: A) Promotion of entrepreneurship among SC, ST and Women

Explanation:

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Q:

A rocket is launched to travel vertically upward with a constant velocity of 20 m/s. After travelling for 35 seconds, the rocket develops a snag and its fuel supply is cut off. The rocket then travels like a free body. The height achieved by it is

A) 680 m	B) 720 m
C) 800 m	D) 700 m

Answer & Explanation Answer: B) 720 m

Explanation:

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Q:

An object is placed on the principal axis of a cortex lens of focal length 10 cm. If the distance of the object from the lens is 30 cm, what is the distance of the image formed?

A) 20 cm	B) 15 cm
C) 30 cm	D) 10 cm

Answer & Explanation Answer: B) 15 cm

Explanation:

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Q:

Which of the following has low resistivity?

A) Nichrome	B) Glass
C) Ebonite	D) Diamond

Answer & Explanation Answer: A) Nichrome

Explanation:

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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

Explanation:

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Q:

India's famous Mars Mission was called?

A) BRO	B) SIS
C) MOM	D) DAD

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