Q:

Which is the venue of the ‘Exercise Desert Knight 21’?

A) Jodhpur	B) Kolkata
C) Goa	D) Andaman and Nicobar Islands

Answer & Explanation Answer: A) Jodhpur

Explanation:

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Exam Prep: Bank Exams

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Q:

The outermost layer of the earth's atmosphere is _______.

A) stratosphere	B) troposphere
C) mesosphere	D) exosphere

Answer & Explanation Answer: D) exosphere

Explanation:

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Q:

Haustoria or sucking roots are found in which of the following?

A) Wheat	B) Mango
C) Chestnut	D) Cuscuta

Answer & Explanation Answer: D) Cuscuta

Explanation:

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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:

Y. H. Malegam Committee is an expert committee constituted by Reserve Bank Of India to look into which of the following issues?

I. Classification of bad loans

II. Effectiveness of adults

III. Rising incidents of frauds

A) Only I and I	B) Only II and II
C) Only I and II	D) All I, II and III

Answer & Explanation Answer: D) All I, II and III

Explanation:

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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

Explanation:

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Q:

Arrest of _________ in 1930 led to angry demonstrations in streets of Peshawar.

A) Abdul Ghaffar Khan	B) Abul Kalam Azad
C) Zakir Hussain	D) Muzaffar Ahmed

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