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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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

In the following question, out of the four alternatives, select the alternative which will improve the bracketed part of the sentence. In case no improvement is needed, select "no improvement".

 

A case in point is Sydney, Australia, where last year more than 8,000 pedestrians (is fined) for illegally crossing city streets.

 

 

A) was fined B) were fined
C) were being fine D) no improvement
 
Answer & Explanation Answer: B) were fined

Explanation:
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Filed Under: English
Exam Prep: Bank Exams , GRE , TOEFL

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Q:

In the following question, out of the four alternatives, select the alternative which is the best substitute of the words/sentence.

 

Break up into small parts as the result of impact or decay.

 

A) Disintegrate B) Juxtapose
C) Conjugate D) Entwine
 
Answer & Explanation Answer: A) Disintegrate

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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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.

 

Going by her grades the teacher is sure that she ______ the exam.

 

A) will ace B) would have aced
C) will be aced D) will have aced
 
Answer & Explanation Answer: A) will ace

Explanation:
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Filed Under: English
Exam Prep: Bank Exams , GRE , TOEFL

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Q:

In the following question, out of the four alternatives, select the word similar in meaning to the word given.

Drivel

A) Intelligent B) Blather
C) Judicious D) Sane
 
Answer & Explanation Answer: B) Blather

Explanation:
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Filed Under: English
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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

Explanation:
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Filed Under: English
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Q:

In Animal Kingdom classification, which of the following is not a Phylum?

A) Mollusca B) Chordata
C) Coelomates D) Anneldia
 
Answer & Explanation Answer: C) Coelomates

Explanation:
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Filed Under: Biology
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Q:

Which of the following is responsible for Vermicomposting?

A) Fungus B) Worms
C) Bacteria D) Birds
 
Answer & Explanation Answer: B) Worms

Explanation:
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Filed Under: Biology
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