Q:

As per the Constitution of India, who is authorized to transfer the Judge of one High Court to another?

A) The Chief Justice of India	B) The Prime Minister of India
C) The President of India	D) Any of the Judges of the Supreme Court

Answer & Explanation Answer: C) The President of India

Explanation:

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Filed Under: Indian Politics

3 1399

Q:

What is the accounting year of the Reserve Bank of India ?

A) April-March	B) July-June
C) October-September	D) January-December

Answer & Explanation Answer: B) July-June

Explanation:

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

On 20 July 2017, Lok Sabha passed IIITPPP Bill, 2017. The Bill seeks to allow 15 IIITs established on a PPP model to grant degrees. What does ‘PPP’ stand for?

A) Public Private Placement	B) Public Private Partnership
C) Public Private Pickup	D) Public Private Policy

Answer & Explanation Answer: B) Public Private Partnership

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1 1399

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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Exam Prep: Bank Exams

0 1398

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

Explanation:

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Q:

From where was Mangalyan launched?

A) Chennai	B) Sriharikota
C) Trombay	D) Gopalpur, on sea

Answer & Explanation Answer: B) Sriharikota

Explanation:

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Q:

Why do the plant closes stomata when it does NOT need carbon dioxide for photosynthesis?

A) To store carbon dioxide	B) To prevent water loss
C) To release stored oxygen	D) No option is correct

Answer & Explanation Answer: B) To prevent water loss

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Filed Under: General Science
Exam Prep: Bank Exams

2 1398

Q:

Who first determined the value of G (gravitational constant)?

A) Lord Cavendish	B) R.R Heyl
C) Boyle	D) Poynting

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