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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:

To make child labour free society, PENCIL portal was launched in September 2017 in India. What does ‘P’ stand for in ‘PENCIL’?

A) Partnership B) Platform
C) Podium D) People
 
Answer & Explanation Answer: B) Platform

Explanation:
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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Find the power of a convex lens if the image formed is at a distance of 25 cm from the lens when the object is placed on the other side of the lens at 12 cm from the optical centre?

A) -4.33 diopters B) 12.33 diopters
C) -12.33 diopters D) 4.33 diopters
 
Answer & Explanation Answer: B) 12.33 diopters

Explanation:
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Filed Under: Physics
Exam Prep: Bank Exams

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Q:

Transperancy International (TI) has put India at rank ___ out of 168 countries in its Competition Perception Index as on January 2016.

A) 68 B) 76
C) 84 D) 101
 
Answer & Explanation Answer: B) 76

Explanation:
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Filed Under: General Awareness
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Q:

The commonly used thermometric substance is _____.

A) mineral oil B) Alcohol
C) Mercury D) Petrol
 
Answer & Explanation Answer: C) Mercury

Explanation:
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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

Who Invented Universal Standard Time?

A) Enrico Fermi B) Adolf Gaston Eugen Fick
C) Sandford Fleming D) Benoit Fourneyron
 
Answer & Explanation Answer: C) Sandford Fleming

Explanation:
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Filed Under: Inventions
Exam Prep: Bank Exams

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Q:

Find equation of the perpendicular bisector of segment joining the points (2,-5) and (0,7)?

A) x - 6y = 5 B) x + 6y = -5
C) x - 6y = -5 D) x + 6y = 5
 
Answer & Explanation Answer: C) x - 6y = -5

Explanation:
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Filed Under: Quantitative Aptitude - Arithmetic Ability
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

Who  among  the  following  is  the  author  of the  book,  A  comparison  between  Woman and Men?

A) Pandita Ramabai B) Sarojini Naidu
C) Tarabai Shinde D) Rameshwari Nehru
 
Answer & Explanation Answer: C) Tarabai Shinde

Explanation:

Tarabai Shinde is the author.

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Filed Under: Books and Authors
Exam Prep: Bank Exams

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