Questions

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.

The meanings of the given words are as follows:
Nefarious: (typically of an action or activity) wicked or criminal
Sloppy: careless and unsystematic; excessively casual
Flurry: a small swirling mass of something, especially snow or leaves, moved by sudden gusts of wind

Unassertive: (of a person) not having or showing a confident and forceful personality

Ignoble: not honourable in character or purpose
Modest: unassuming in the estimation of one's abilities or achievements
Subtle: (especially of a change or distinction) so delicate or precise as to be difficult to analyse or describe
Gregarious: (of a person) fond of company; sociable
Magnanimous: generous or forgiving, especially towards a rival or less powerful person
Iniquitous: grossly unfair and morally wrong
Atrocious: horrifyingly wicked
Therefore, it can be observed that option E i.e.

‘iniquitous, atrocious’ forms a synonym- synonym pair of ‘nefarious’.

Ans. E.
In the given sentences, boiled down is the phrasal verb that should have been used which means summarizing something, to reduce or simplify
(something) to the most basic, essential, or fundamental element(s). In this context it means that the one who had more power succeeded. 'Boiled down' should be followed by 'to' and not 'for', hence option D is incorrect.