Q:

The Nobel Peace Prize 2016 has been awarded to ______ .

A) Juan Manuel Santos	B) Oliver Hart
C) Bengt Holmstrom	D) Svetlana Alexievich

Answer & Explanation Answer: A) Juan Manuel Santos

Explanation:

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Filed Under: Honours and Awards
Exam Prep: Bank Exams

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Q:

Highest Civilian Honour received by Azim Premji is

A) Padma Shri	B) Padma Bhushan
C) Padma Vibhushan	D) Bharat Ratna

Answer & Explanation Answer: C) Padma Vibhushan

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Filed Under: Honours and Awards
Exam Prep: Bank Exams

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Q:

Who was the founder of Arya Samaj?

A) Acharya Narendra Dev	B) Dayanand Saraswati
C) Raja Ram Mohan Roy	D) Acharya Vinoba Bhave

Answer & Explanation Answer: B) Dayanand Saraswati

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Filed Under: Famous Personalities

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Q:

Which of the statements given below is/are not correct?
1. 'Open' is an Autobiography of Andre Agassi.
2. The author of 'India 2020: A Vision for the New Millennium'A.P.J. Abdul Kalam.
3. The author of 'A Foreign Policy For India' is L.K Advani.

A) 3	B) 2 and 3
C) 1 and 3	D) 1, 2 and 3

Answer & Explanation Answer: A) 3

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Filed Under: Books and Authors
Exam Prep: Bank Exams

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Q:

The aim of Differentiated Interest Scheme was to provide concessional loans to __________

A) weaker section of the society	B) Public Sector Industries
C) Public Limited Companies	D) big exports

Answer & Explanation Answer: A) weaker section of the society

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Filed Under: General Awareness

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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:

In which year was Communist Party of India - Marxist (CPI-M) founded?

A) 1885	B) 1980
C) 1984	D) 1964

Answer & Explanation Answer: D) 1964

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

In November 2017, under the Credit Linked Subsidy Scheme (CLSS) increase in the carpet area for Middle Income Group I (MIG-I) was approved. The carpet area for MIG-I will be increased to ______.

A) 150 square metre	B) 120 square metre
C) 100 square metre	D) 110 square metre

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