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Q:

Which country will be hosting 2018 Men's Hockey World Cup?

A) Pakistan B) Malaysia
C) Australia D) India
 
Answer & Explanation Answer: D) India

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Q:

Oil paint was first used for Buddhist paintings by Indian and Chinese painters in western _____ sometime between the fifth and tenth centuries.

A) Iraq B) Afghanistan
C) Pakistan D) India
 
Answer & Explanation Answer: B) Afghanistan

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Filed Under: Indian History
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Q:

Total number of countries in the world are

A) 125 B) 165
C) 255 D) 195
 
Answer & Explanation Answer: D) 195

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Filed Under: World Geography
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Q:

Captain Manoj Kumar Pandey was awarded the Paramvir Chakra for his martyrdom at which of the following wars?

A) Indo-Pakistani War of 1965 B) Indo-Pakistani War of 1971
C) Kargil War of 1999 D) Indo-China War of 1962
 
Answer & Explanation Answer: C) Kargil War of 1999

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Q:

What is the unit of electric resistance?

A) Dyne B) Pascal
C) Joule D) Ohms
 
Answer & Explanation Answer: D) Ohms

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Filed Under: Physics
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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

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Q:

What type of lens is used to correct vision of a person suffering from Myopia?

A) Convex lens B) Concave lens
C) Crossed lens D) Cylindrical lens
 
Answer & Explanation Answer: B) Concave lens

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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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