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Q:

Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.


Crude mineral oil comes out of the earth as a thick brown or black liquid with a strong smell. It is a complex mixture of many different substances, each with its own individual qualities. Most of them are combinations of hydrogen and carbon in varying proportions. Such hydrocarbons are also found in other forms such as bitumen, asphalt and natural gas. Mineral oil originates from the carcasses of tiny animals and from plants that live in the sea. Over million of years, these dead creatures form large deposits under sea­bed and ocean currents cover them with a blanket of sand and silt. As this material hardens, it becomes sedimentary rock and effectively shuts out the oxygen, thus preventing the complete decomposition of the marine deposits underneath. The layers of sedimentary rocks become thicker, and heavier. Their pressure produces heat, which transforms the tiny carcasses into crude oil in a process that is still going on today.


From where does mineral oil originate?

A) Complex mixture of substances B) Carcasses of tiny animals and plants that live in the sea
C) From lakes D) Only from plants
 
Answer & Explanation Answer: B) Carcasses of tiny animals and plants that live in the sea

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Q:

Invisible export means export of ___________

A) services B) prohibited goods
C) restricted goods D) goods as per OGL list
 
Answer & Explanation Answer: A) services

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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:

In April 2017, to address growing unemployment, which country has abolished the 457 Visa Programme used by thousands of temporary foreign workers, a majority of them Indians?

A) USA B) Canada
C) Australia D) UK
 
Answer & Explanation Answer: C) Australia

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Q:

What was USA's rank in 2016 Human Development Index published by the United Nations Development Programme?

A) 1 B) 10
C) 100 D) 200
 
Answer & Explanation Answer: B) 10

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Q:

The first ever disaster management exercise of BIMSTEC countries was held _________ in October 2017.

A) Dhaka B) Colombo
C) New Delhi D) Karachi
 
Answer & Explanation Answer: C) New Delhi

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Q:

Venus is the _______ planet from the Sun.

A) 2nd B) 4th
C) 6th D) 8th
 
Answer & Explanation Answer: A) 2nd

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Q:

McAfee is a

A) Anti-virus software B) Programming language
C) Output device D) Computer device
 
Answer & Explanation Answer: A) Anti-virus software

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