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 country topped the list on "World Happiness Index", 2015 published by the sustainable Development Solutions Network (SDSN)?

A) Bhutan B) Switzerland
C) Iceland D) Norway
 
Answer & Explanation Answer: B) Switzerland

Explanation:
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Q:

The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form a coherent paragraph.

As for ourselves, we

X-combing our hair
Y-a good wash and
Z-were contented with

A) ZXY B) YZX
C) YXZ D) ZYX
 
Answer & Explanation Answer: D) ZYX

Explanation:
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Q:

In the following questions, one part of the sentence may have an error. Find out which part of the sentence has an error and click the button corresponding to it. If the sentence is free from error, click the "No error" option.

One (A) / should keep (B) / his word. (C) / No Error (D)

A) A B) B
C) C D) D
 
Answer & Explanation Answer: C) C

Explanation:
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Q:

In the following questions, one part of the sentence may have an error. Find out which part of the sentence has an error and click the button corresponding to it. If the sentence is free from error, click the "No error" option.

My lawn (A) / which is overgrown (B) / needs weeding (C) / No Error (D)

A) A B) B
C) C D) D
 
Answer & Explanation Answer: D) D

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Q:

A sentence/a part of the sentence is underlined. Four alternatives are given to the underlined part which will improve the sentence. Choose the correct alternative and click the button corresponding to it. In case no improvement is needed, click the button corresponding to "No improvement".

I had took the papers to John's office.

A) will took the papers B) taken the papers
C) took the papers D) no improvement
 
Answer & Explanation Answer: C) took the papers

Explanation:
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Q:

A sentence/a part of the sentence is underlined. Four alternatives are given to the underlined part which will improve the sentence. Choose the correct alternative and click the button corresponding to it. In case no improvement is needed, click the button corresponding to "No improvement".

When in doubt check it up with a good dictionary.

A) check it up in B) check it in
C) check it with D) No improvement
 
Answer & Explanation Answer: B) check it in

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Q:

A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.

 

Most successful companies, institutions and organizations have mission statements. Most individuals don't. As the Chief Executive Officer of your own life in the knowledge era, you need a laser like focus in your vision. You need a mission and a mission statement describing how you want to live, not just what you want to own; defining the person you want to become, not just the title you want to see on your door; outlining the knowledge you will receive, not just the degree you'll earn or your next promotion.

I began the process this way : "To be aware of the uniqueness of my associates, clients, friends and family, and to treat that uniqueness with loving concern. I was created to lead myself and others to understand win­win relationships and how to use them to improve the lives of all persons with whom I come into contact."

You, too, can frame your mission statement starting with your core values, working outward to your material desires and financial needs.

Who is responsible for designing a personal mission?

A) A Chief Executive Officer B) The family and friends
C) The Individual D)  The company
 
Answer & Explanation Answer: C) The Individual

Explanation:
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