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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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Q:

The first Field Marshall of India was

A) A. S. Vaidya B) K.M. Cariappa
C) Sunderji D) S.H.F.J. Manekshaw
 
Answer & Explanation Answer: D) S.H.F.J. Manekshaw

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Q:

In Microsoft Word, under character formatting ___________ increases/decreases the size of the characters

A) Size B) Font
C) Effects D) Font style
 
Answer & Explanation Answer: A) Size

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Q:

India's famous Mars ­Mission was called?

A) BRO B) SIS
C) MOM D) DAD
 
Answer & Explanation Answer: C) MOM

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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

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Q:

Who among the following inaugurated the Dr. A.P.J. Abdul Kalam Memorial in Rameswaram?

A) Narendra Modi B) O. Panneerselvain
C) Pranab Mukheijee D) K. Palaniswami
 
Answer & Explanation Answer: A) Narendra Modi

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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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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

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