Q:

A binding price ceiling is designed to

A) keep prices low	B) increase efficiency
C) increase the quality of the good	D) prevent shortages

Answer & Explanation Answer: A) keep prices low

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which of the following is an excretory organ of cockroach?

A) Malphigian Tubules	B) Nephridia
C) Coxal Gland	D) Green Gland

Answer & Explanation Answer: A) Malphigian Tubules

Explanation:

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Filed Under: Biology
Exam Prep: Bank Exams

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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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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Who has been appointed as the Secretary General of the United Nations in January, 2017?

A) Ban Ki-Moon	B) Kofi Annan
C) Boutros-Boutros Ghali	D) Antonio Guterres

Answer & Explanation Answer: D) Antonio Guterres

Explanation:

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Q:

The constitution of India was framed by:

A) Planning Commission	B) Constituent Assembly
C) President	D) Working Committee

Answer & Explanation Answer: B) Constituent Assembly

Explanation:

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best expresses the same sentence in Indirect/Direct speech.

The jeweller said to us, "These diamonds are polished here."

A) The jeweller informed us that these diamonds were polished there.	B) The jeweller informed us that those diamonds were polished there.
C) The jeweller informed us that those diamonds were polished here.	D) The jeweller informed us that these diamonds were polished here.

Answer & Explanation Answer: B) The jeweller informed us that those diamonds were polished there.

Explanation:

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Filed Under: English
Exam Prep: Bank Exams

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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.

This is the second time I have caught you cheating.

A) You have been caught cheating by me for the second time.	B) You were cheating for a second time and I have caught you.
C) This is the second time you have cheated and were caught by myself.	D) Catching you cheating for the second time has been done by me.

Answer & Explanation Answer: A) You have been caught cheating by me for the second time.

Explanation:

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Filed Under: English
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".
He must (being) overwhelmed with the responsibility.

A) been	B) has been
C) have been	D) no improvement

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