Questions

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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Q:

Who is the present (2017) Secretary General of SAARC?

A) Tajuddin Ahmed B) Mujibur Rehman
C) Muhammad Mansur Ali D) Mr. Amjad Hussain B. Sial
 
Answer & Explanation Answer: D) Mr. Amjad Hussain B. Sial

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Q:

97% of the total debt of all state power distribution companies has been covered till June 2017 under the ‘UDAY’ scheme. What does ‘D’ standfor in ‘UDAY’?

A) Debt B) DISCOM
C) Distribution D) No option is correct
 
Answer & Explanation Answer: B) DISCOM

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Q:

In the following question, out of the given four alternatives, select the one which best expresses the meaning of the given word.

 

Judicious

 

A) Hasty B) Reckless
C) Irrational D) Wise
 
Answer & Explanation Answer: D) Wise

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 


The battle between attackers and the attacked is becoming still more _____________. Faced with potentially new cyber ____________, the danger to India’s economic and national security is going _________________ geometrical progression. To be forearmed, with _______________ offensive cyber operations and __________________ cyber security, is essential.

 

Faced with potentially new cyber ____________

 

A) onslaughts B) attack
C) world D) intrusions
 
Answer & Explanation Answer: A) onslaughts

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Q:

The latitudes of main land of India extends between __________.

A) 8°4' N and 37°6' N B) 8°4' W and 37°6' W
C) 8°4' E and 37°6' E D) 8°4' S and 37°6' S
 
Answer & Explanation Answer: A) 8°4' N and 37°6' N

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