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.

Report Error

View Answer Report Error Discuss

Filed Under: General Awareness
Exam Prep: Bank Exams

0 1486
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:
Report Error

View Answer Report Error Discuss

Filed Under: General Awareness
Exam Prep: Bank Exams

0 1486
Q:

In which of the following region midnight Sun is visible?

A) In Mediterranean region B) In equatorial region
C) In Arctic area D) In the east of Japan
 
Answer & Explanation Answer: C) In Arctic area

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: General Awareness
Exam Prep: Bank Exams

2 1486
Q:

Which one is not included in Non-Banking Financial Institutions (NBFIs)?

A) EXIM B) SIDBI
C) NABARD D) BOI
 
Answer & Explanation Answer: D) BOI

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: General Awareness
Exam Prep: Bank Exams

0 1486
Q:

In November 2017, who launched ‘Grahak Sadak Koyla Vitaran App’ that aims to benefit customers of Coal India Limited (CIL)?

A) R. K. Singh B) Suresh Prabhu
C) Naredra Singh Tomar D) Piyush Goyal
 
Answer & Explanation Answer: D) Piyush Goyal

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: General Awareness
Exam Prep: Bank Exams

0 1486
Q:

In the following question, sentence given with blank is to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

When I broke my leg, it was the ____________ of a nightmare week.

A) top B) maximum
C) summit D) climax
 
Answer & Explanation Answer: D) climax

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: English
Exam Prep: Bank Exams

0 1486
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:
Report Error

View Answer Report Error Discuss

Filed Under: English
Exam Prep: Bank Exams

0 1486
Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

The beans are _____________ turned to avoid burning.

A) constant B) constants
C) constantly D) constantedly
 
Answer & Explanation Answer: C) constantly

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: English
Exam Prep: Bank Exams

0 1486