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 of the following contributes the maximum earning in Indian Railways?

A) Passenger Earning	B) Goods Traffic Earning
C) Sundry Earning	D) Other Coach Earning

Answer & Explanation Answer: B) Goods Traffic Earning

Explanation:

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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

Explanation:

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Q:

In the following question, out of the four alternatives, choose the word which best expresses the meaning of the given word and click the button corresponding to it.

INDOLENT

A) LAZY	B) EXPENSIVE
C) ACTIVE	D) HAPPY

Answer & Explanation Answer: A) LAZY

Explanation:

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

He is not a native speaker yet he has a good __________ over German.

A) authority	B) hold
C) command	D) expertise

Answer & Explanation Answer: C) command

Explanation:

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Q:

A sentence has been given in Direct/Indirect Speech. Out of the four given alternatives, select the one which best expresses the same sentence inIndirect/Direct Speech.

Sita said, “Will he listen to such a man?”

A) Sita said would we listen to such a man.	B) Sita ask if he would listen to such a man.
C) Sita said would I listen to such a man.	D) Sita asked whether he would listen to such a man.

Answer & Explanation Answer: D) Sita asked whether he would listen to such a man.

Explanation:

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'.

He was such a (1)/ wonderful person (2)/ into so many ways. (3)/No Error (4)

A) 1	B) 2
C) 3	D) 4

Answer & Explanation Answer: C) 3

Explanation:

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Q:

In the following question, out of the four alternatives, select the word similar in meaning to the word given.

Drivel

A) Intelligent	B) Blather
C) Judicious	D) Sane

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