Q:

The members of the Rajya Sabha are elected by

A) Elected members of the Legislative Assembly	B) Elected members of Legislative Council
C) The people	D) Lok Sabha

Answer & Explanation Answer: A) Elected members of the Legislative Assembly

Explanation:

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Q:

According to Dr. Ambedkar which Article is the most important article of Indian constitution?

A) Article 21	B) Article 24
C) Article 32	D) Article 256

Answer & Explanation Answer: C) Article 32

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Q:

The minimum age limit for the membership of the Vidhan Parishad is _____

A) 21 years	B) 25 years
C) 30 years	D) 35 years

Answer & Explanation Answer: C) 30 years

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Q:

The members of the All India Services serve the

A) Central Government only	B) State Government only
C) Union Territories only	D) both the Union and State Governments

Answer & Explanation Answer: D) both the Union and State Governments

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Q:

What is Damodar Valley Corporation ?

A) Statutory body	B) Municipal Corporation looking after Damodar Valley
C) A private enterprise located in Bihar	D) A non government organisation

Answer & Explanation Answer: A) Statutory body

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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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Q:

Which country topped the list on "World Happiness Index", 2015 published by the sustainable Development Solutions Network (SDSN)?

A) Bhutan	B) Switzerland
C) Iceland	D) Norway

Answer & Explanation Answer: B) Switzerland

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Q:

Which of the following is Inexhaustible Natural Resources?

A) Air	B) Minerals
C) Forests	D) Coal

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