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:

Bill Gates co-founded 'Microsoft Corporation' in 1975 with?

A) Chris Hughes	B) Tim Berners-Lee
C) Steve Paul Jobs	D) Paul G. Allen

Answer & Explanation Answer: D) Paul G. Allen

Explanation:

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Q:

In the following list of devices, which device is used in datalink layer?

A) Repeaters	B) Routers
C) Application gateway	D) Bridge

Answer & Explanation Answer: D) Bridge

Explanation:

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Q:

__________ was launched by Prime Minister Narendra Modi as a part of the Beti Bachao, Beti Padhao campaign.

A) Sukanya Samridhi Account	B) Bal Swachta Mission
C) Pradhan Mantri Jan Dhan Yojana	D) Beti Bachao Beti Padhao Yojana

Answer & Explanation Answer: A) Sukanya Samridhi Account

Explanation:

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Q:

The warm and cold ocean currents are caused by

A) Prevailing winds	B) Earth's rotation
C) Variations in density of sea water	D) All of these

Answer & Explanation Answer: D) All of these

Explanation:

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Q:

Santhara is a religious ritual of ______ community.

A) Sikhs	B) Jews
C) Jain	D) Buddhists

Answer & Explanation Answer: C) Jain

Explanation:

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Q:

World Bank is giving financial assistance of how much amount for ‘SANKALP’ project launched by the Government of India?

A) Rs 2500 crore	B) Rs 3300 crore
C) Rs 4000 crore	D) Rs 4455 crore

Answer & Explanation Answer: B) Rs 3300 crore

Explanation:

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Q:

Name the Indian entrepreneur, co-founder and owner of India's low cost airline SpiceJet.

A) Captain G.R. Gopinath	B) Vijay Mallya
C) Ratan Tata	D) Ajay Singh

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