Q:

The number of parliamentary seats (Lok Sabha) of Punjab is _______.

A) 2	B) 13
C) 20	D) 25

Answer & Explanation Answer: B) 13

Explanation:

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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:

Project 'Sankalp' started for the purpose____________

A) To eradicate illiteracy	B) To eradicate Polio
C) To eliminate AIDS/HIV	D) To eliminate unemployment

Answer & Explanation Answer: C) To eliminate AIDS/HIV

Explanation:

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Q:

Which of the following will cause an increase in the demand for coffee?

A) Price of coffee falling in foreign markets	B) Coffee prices are expected to fall rapidly in domestic markets
C) Average income falls in the country	D) Increase in price of tea

Answer & Explanation Answer: D) Increase in price of tea

Explanation:

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Q:

In August 2017, Indian Government has launched a portal to provide a platform to sell agricultural produce called ‘e-RAKAM’. What does ‘M’ stand for?

A) Market	B) Mandi
C) Management	D) Messaging

Answer & Explanation Answer: B) Mandi

Explanation:

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Q:

The basic concept of Montessori education is

A) Discovery by travelling	B) Dreaming
C) Communicating	D) Self-discovery through experiment

Answer & Explanation Answer: D) Self-discovery through experiment

Explanation:

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Q:

Which of the following has become the first country in the world to pay equal salary to men and women?

A) Iceland	B) Denmark
C) Sweden	D) Russia

Answer & Explanation Answer: A) Iceland

Explanation:

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Q:

In Microsoft Word, _______ contains tools for standard tasks like saving, printing, cutting, copying, pasting etc.

A) Standard tool bar	B) Menu bar
C) Formatting tool bar	D) Status bar

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