Questions

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 countries is not a member of G­8?

A) USA B) UK
C) Germany D) Russia
 
Answer & Explanation Answer: C) Germany

Explanation:
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Q:

Ratio of real to nominal GNP

A) State Bank of India B) Reserve Bank of India
C) Grameen Bank of India D) None of these
 
Answer & Explanation Answer: B) Reserve Bank of India

Explanation:
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Q:

Which among the following countries is facing debt crisis?

A) China B) Canada
C) Germany D) Greece
 
Answer & Explanation Answer: D) Greece

Explanation:
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Q:

__________ refers to the number of births during a given period in the population that are added to the initial density.

A) Natality B) Mortality
C) Immigration D) Emigration
 
Answer & Explanation Answer: A) Natality

Explanation:
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Q:

The judgement of the Supreme Court of India in the Vishakha Case pertains to

A) sexual harassment in the work-place B) Sati
C) dowry death D) rape
 
Answer & Explanation Answer: A) sexual harassment in the work-place

Explanation:

Vishakha and others v State of Rajasthan was a 1997 Indian Supreme Court case where Vishakhaand other women groups filed Public Interest Litigation (PIL) against State of Rajasthan and Union of India to enforce the fundamental rights of working women under Articles 14, 19 and 21 of the Constitution of India.The court decided that the consideration of "International Conventions and norms are significant for the purpose of interpretation of the guarantee of gender equality, right to work with human dignity in Articles 14, 15, 19(1)(g) and 21 of the Constitution and the safeguards against sexual harassment implicit therein.

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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.


Instead of finding the root cause of_________ of Indians, the British government took to more ____________ measures. Under the Defense of India Act, it gave more power to the police to arrest persons to stop processions with ____________ movements and actions. The Act brought in the Central Legislative Assembly was defeated by one vote. Even then it was to be passed in the form of an ordinance in the "interest of the public." Bhagat Singh who was in hiding all this while, volunteered to throw a bomb in the Central Legislative Assembly where the meeting to pass the ordinance was being held. It was a carefully laid out _________, not to cause death or injury but to _____________ the attention of the government, that the modes of its suppression could no more be tolerated. It was decided that Bhagat Singh and Batukeshwar Dutt would court arrest after throwing the bomb.


It was a carefully laid out _________

A) scam B) trick
C) trap D) plot
 
Answer & Explanation Answer: D) plot

Explanation:
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Q:

In the following question, a sentence / a part of sentence is underlined. Below are given alternatives to the underlined part which may improve the sentence. Choose the correct alternative. In case no improvement is required, choose "No Improvement" option.

 

The student told her teacher to explain the passage.

A) asked her teacher B) said to her teacher
C) conveyed to her teacher D) No improvement
 
Answer & Explanation Answer: A) asked her teacher

Explanation:
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