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 each of the questions, four alternatives are given for the Idiom/Phrase. Choose the alternative which best expresses the meaning of the Idiom/Phrase and click the button corresponding to it.

Cap in hand

A) Defiant B) Screaming
C) Well behaved D) In a respectful manner
 
Answer & Explanation Answer: D) In a respectful manner

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.

Rise and shine

A) Work hard and succeed in life B) An expression used when waking someone up
C) Try harder to overcome life's problems D) Be of spotless character
 
Answer & Explanation Answer: B) An expression used when waking someone up

Explanation:
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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best expresses the same sentence in Indirect/Direct speech.

My mother said to my father, "I am very busy now."

A) My mother told my father that I am very busy now. B) My mother told my father that she is very busy then.
C) My mother told my father that she was very busy then. D) My mother told my father that I was very busy now.
 
Answer & Explanation Answer: C) My mother told my father that she was very busy then.

Explanation:
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Q:

In the following question, out of the four alternatives, select the alternative which is the best substitute of the words/sentence.

An arrangement of flowers fastened in a ring used for laying on a grave

A) Brier B) Prickle
C) Wreath D) Splint
 
Answer & Explanation Answer: C) Wreath

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.

Commemorate

A) Opprobrium B) Reproach
C) Disrepute D) Celebrate
 
Answer & Explanation Answer: D) Celebrate

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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