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:

The first Field Marshall of India was

A) A. S. Vaidya B) K.M. Cariappa
C) Sunderji D) S.H.F.J. Manekshaw
 
Answer & Explanation Answer: D) S.H.F.J. Manekshaw

Explanation:
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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

India's famous Mars ­Mission was called?

A) BRO B) SIS
C) MOM D) DAD
 
Answer & Explanation Answer: C) MOM

Explanation:
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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

Nearly ____________ crore jobs were created in the country in the 10-month period till June this year, as per a Central Statistics Office (CSO) report.  

A)  2.4 crore  B)  3.5 crore 
C)  6.9 crore  D)  1.2 crore 
 
Answer & Explanation Answer: D)  1.2 crore 

Explanation:

Nearly 1.2 crore jobs were created in the country in the 10-month period till June this year, as per a Central Statistics Office (CSO) report. The CSO's employment outlook report is based on the new member enrolments with retirement fund body EPFO, Employees' State Insurance Scheme (ESIC) and NPS. 

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Filed Under: Indian Politics
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

The Union Cabinet Chaired by Prime Minister Shri Narendra Modi has approved the establishment of National Institute of Mental Health Rehabilitation (NIMHR) at which state?

A) Gwalior B) Bhopal
C) Jammu D) New Delhi
 
Answer & Explanation Answer: B) Bhopal

Explanation:

The Union Cabinet Chaired by Prime Minister Shri Narendra Modi has approved the establishment of National Institute of Mental Health Rehabilitation (NIMHR) at Bhopal.

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Filed Under: Indian Politics
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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

 

Can't judge a book by its cover

 

A) If you love something dearly then you have to protect it B) You shouldn't prejudge the value of something, by its outward appearance alone
C) To make a false opinion without even seeing that person is prejudice D) A bad book needs a good cover to make it saleable
 
Answer & Explanation Answer: B) You shouldn't prejudge the value of something, by its outward appearance alone

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

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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.

The answer to the third question is __________________ answered; State leaders ___________________ great willingness to play into the hands of the Central government, presumably for a price. ________________ the process, representatives have forgotten the history of their own societies. But they fail to ________________ that history cannot be disremembered, it constantly nudges us to recollect past struggles ___________________ injustice in these States.

it constantly nudges us to recollect past struggles ___________________ injustice in these States.

A) against B) for
C) to D) from
 
Answer & Explanation Answer: A) against

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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Q:

In the following questions, one part of the sentence may have an error. Find out which part of the sentence has an error and click the button corresponding to it. If the sentence is free from error, click the “No error” option.

The tour (A) / of the campus (B) / was so good (C) / No Error (D)

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

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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