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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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:

 In Microsoft Word, _____________ refers to the way our text will look like.

A) Inserting B) Formatting
C) Cutting D) Pasting
 
Answer & Explanation Answer: B) Formatting

Explanation:
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Q:

Which of the following is a feature of federal Government?

A) Supremacy of Parliament B) Supremacy of Judiciary
C) Division of powers between federal and state Government D) Single citizenship
 
Answer & Explanation Answer: C) Division of powers between federal and state Government

Explanation:
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Filed Under: Indian Politics
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Q:

Which type of city administration controls transitional areas (from rural to urban)?

A) Nagar Panchayat B) Municipal Council
C) Municipal Corporation D) No option is correct
 
Answer & Explanation Answer: A) Nagar Panchayat

Explanation:
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Q:

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

 

Where were they playing the cricket match?

A) Where was the cricket match played? B) Where has the cricket match been played?
C) Where will the cricket match be played? D) Where was the cricket match being played?
 
Answer & Explanation Answer: D) Where was the cricket match being played?

Explanation:
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Q:

In each of the questions, four alternatives are given for the Idiom/Phrase. Choose the alternative which best expresses the meaning of the Idiom/Phrase and click the button corresponding to it.

Feather in one's cap

A) Discrimination B) A new and additional distinction
C) Hunting D) Bird watching
 
Answer & Explanation Answer: B) A new and additional distinction

Explanation:
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Q:

The sentences given with blanks are to be filled with an appropriate word(s). Four alternatives are suggested for each question. For each question, choose the correct alternative and click the button corresponding to it.

Mount Everest has earned the _____ distinction of being the world's highest garbage dump.

A) marked B) disgusting
C) dubious D) dismal
 
Answer & Explanation Answer: C) dubious

Explanation:
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