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:

In the following question, out of the given four alternatives, select the one which is opposite in meaning of the given word.

 

Haggard

 

A) Fresh B) Weak
C) Pale D) Tire
 
Answer & Explanation Answer: A) Fresh

Explanation:
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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.


That is why publicly invoking these symbols has to be an act of responsible citizenship and not self­____________ demagoguery, but the difference can be hard to _______________. The problem with emotive symbols is that _________________ they can multiply the force of arguments, they cannot replace the arguments__________________. All persuasion harnesses symbols but principled persuasion must also provide arguments that can be _____________ debated.

 

The problem with emotive symbols is that _________________ they can multiply the force of arguments,

 

A) tough B) though
C) through D) Thorough
 
Answer & Explanation Answer: B) though

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.

One is caught in the box with what one knows and hence no new ideas ______.

 

A) emerge B) destroy
C) rooted D) innovate
 
Answer & Explanation Answer: A) emerge

Explanation:
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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

beating around the bush

 

A) Not accepting the real issue and solving minor problems B) To avoid getting to the point of an issue
C) To run around in circles and never accomplishing results D) Avoiding coming face to face with a problem, escaping
 
Answer & Explanation Answer: B) To avoid getting to the point of an issue

Explanation:
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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

A long narrow ditch embanked with its own soil and used for concealment and protection in warfare

 

A) trench B) gully
C) furrow D) moat
 
Answer & Explanation Answer: A) trench

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 in Indirect/Direct Speech.

 

The teacher said, “Wow! You have done well.”

 

A) The teacher applauded him, saying that he had done well. B) The teacher appreciated me.
C) The teacher said wow, he had done well. D)  The teacher applauded him by saying wow.
 
Answer & Explanation Answer: A) The teacher applauded him, saying that he had done well.

Explanation:
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