Questions

Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select ‘No Error’.

 

A business venture or one’s own personal life has greater chances (1)/ of experiencing success and fulfillment, (2)/ if the outlook is more temperate to indifferent or radical. (3)/ No error (4)

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: C) 3

Explanation:
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Q:

In the following question, out of the given four alternatives, select the alternative which best expresses the meaning of the Idiom/Phrase.

Be in the red

A) To be very angry B) Close to death
C) To be in debt D) Always energetic
 
Answer & Explanation Answer: C) To be in debt

Explanation:
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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'.

You must not(A)/look down into(B)/parents' advice.(C)/No error(D)

A) A B) B
C) C D) D
 
Answer & Explanation Answer: B) B

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.


____________ so long ago, virtually everyone seemed _____________ that a sizeable majority of British voters ____________ reaffirm their faith and confidence in a united Europe. Unfortunately, what was considered to be a remote possibility has actually become a very ____________ reality. A small majority of voters ____________ to take Britain out of the European Union (EU) in the referendum held on June 23.


A small majority of voters ____________ to take Britain out

A) had opted B) will opt
C) have opted D) has opted
 
Answer & Explanation Answer: B) will opt

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.


But what does this enthusiasm for voting actually _____________? One popular theory ____________ that poor people __________ because they are intimidated into doing so. Intimidation occurs for sure but why then, voters in places where there is no intimidation do so? Another theory is that people vote in return for _____________. But recent research across India _________ that those who spend the most do not always win elections and voters do not feel any obligation to vote for those handing out freebies. In fact, they often accept the goodies from allparties but vote for only one.


But what does this enthusiasm for voting actually _____________?

A) answer B) signify
C) ponder D) suppose
 
Answer & Explanation Answer: B) signify

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Q:

In the following passage some of the words have been left out. Read the passage carefully and choose the correct answer for the given blank out of the four alternatives.

 


The conditions ______ which democracy can _______ are _______ to ________ ; but one thing is _______ that democracy is always a slow growth, whereas dictators may _____ to ______ and _______ a new _______ with dramatic success, under _______ conditions.

 


but one thing is _______ that democracy is always a slow growth,

 

A) stated B) dictated
C) clear D) hazy
 
Answer & Explanation Answer: C) clear

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Q:

How much amount is available to one account holder of Pradhan Mantri Jan Dhan Yojana per household after six months of satisfactory conduct of the account? 

A)  Rs 5,000  B)  Rs 10,000 
C)  Rs 2,000  D)  Rs 15,000 
 
Answer & Explanation Answer: B)  Rs 10,000 

Explanation:

A bank account under financial inclusion scheme Pradhan Mantri Jan Dhan Yojana (PMJDY) can be opened in any bank branch or business correspondent outlet. PMJDY is a government-run financial inclusion scheme aimed at ensuring access to services such as banking, savings, deposits, remittance, credit, insurance and pension at an affordable price. Bank accounts under the Jan Dhan scheme can be opened with zero balance. In other words, the account holder need not maintain any particular account balance to keep the account account. The government recently doubled the overdraft limit on Jan Dhan accounts. The overdraft limit of Jan Dhan accounts now stands at Rs 10,000, double than the previous limit of Rs 5,000, according to an official statement released last week. 

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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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