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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Q:

With which Australian University Indian Railways has signed an agreement for Dedicated Freight Corridor?

A) Monash University B) Victoria University
C) University of Canberra D) University of Sydney
 
Answer & Explanation Answer: A) Monash University

Explanation:
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Q:

Three crops that contribute maximum to global food grain production are _________

A) wheat, rice, barley B) rice, maize, sorghum
C) wheat, maize, sorghum D) wheat, rice, maize
 
Answer & Explanation Answer: D) wheat, rice, maize

Explanation:
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Q:

______________ means that the Supreme Court will reconsider the case and the legal issues involved in it.

A) Original Jurisdiction B) Writ Jurisdiction
C) Appellate Jurisdiction D) Advisory Jurisdiction
 
Answer & Explanation Answer: C) Appellate Jurisdiction

Explanation:
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Filed Under: Indian Politics
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Q:

Which Railway station in Uttar Pradesh (UP) has been renamed as 'Maa Barahi Devi Dham'?

A) Dandupur railway station B) Amroha railway station
C) Basti railway station D) Subedarganj railway station
 
Answer & Explanation Answer: A) Dandupur railway station

Explanation:
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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 chasm ______________ the needs of the people who struggle ______________ survival, action and inaction by representatives, and lack of remedial justice has compromised representative democracy _________________. Defections from one party to another indicate _______________ of the basic obligations of representatives, even ___________ their own people starve.

 

lack of remedial justice has compromised representative democracy _________________.

 

A) really B) superlatively
C) enormously D) too much
 
Answer & Explanation Answer: C) enormously

Explanation:
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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

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Filed Under: English
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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.

 

Where were they playing the cricket match?

A) Where was the cricket match played? B) Where has the cricket match been played?
C) Where will the cricket match be played? D) Where was the cricket match being played?
 
Answer & Explanation Answer: D) Where was the cricket match being played?

Explanation:
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