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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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Which   of   the   following   statements   are correct about ‘Saakshar Bharat’ scheme?

1.It   is   a   centrally   sponsored   scheme which    was    launched    during    the Eleventh Five-year Plan.

2.The   scheme   applies   to   women   in particular and disadvantaged groups in general.

3.The  scheme  applies  to  persons  above the age of 10 years.

4.The     scheme     is     anchored     with Panchayati  raj  Institutions  and  Local self-Government.Select  the  correct  answer  using  the  code given below.

A) 1, 2 and 3 B) 2, 3 and 4
C) 1,2 and 4 D) 1, 3 and 4
 
Answer & Explanation Answer: C) 1,2 and 4

Explanation:

Saakshar    Bharat    scheme    was launched  on  8th  September  2009 during  the  11th  Five  Year  Plan, with an aim to raise literacy rate to 80%, to bridge gender gap to 10% .The   scheme   is   anchored   with Panchayati   Raj   Institutions   and Local  Self-government  to  decrease regional  and  social  disparities  and to   focus   on   women,   SCs,   STs, minorities and other disadvantaged  groups.  It  focused mainly  on  adult  education,  with emphasis  on  non-literates  in  the age group of 15-36 years.

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Which Schedule of the constitution of India lists the States and Union Territories of India?

A) First Schedule B) Second Schedule
C) Third Schedule D) Fourth Schedule
 
Answer & Explanation Answer: A) First Schedule

Explanation:
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Filed Under: Indian Politics

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Q:

In the following question, out of the given four alternatives, select the one which best expresses the meaning of the given word.

 

Judicious

 

A) Hasty B) Reckless
C) Irrational D) Wise
 
Answer & Explanation Answer: D) Wise

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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Q:

In the following question, a word has been written in four different ways out of which only one is correctly spelt. Select the correctly spelt word.

 

A) Apparant   B) Apparent
C) Aparent   D) Appareint
 
Answer & Explanation Answer: B) Apparent

Explanation:
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Filed Under: English
Exam Prep: Bank Exams , GRE , TOEFL

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Q:

A passage with three blanks, followed by five options, each containing one word, is given. Choose the word that can fill all the three blanks.
The ability of humans to ___________ the landscape and recognize the consequences of doing so puts us in a peculiar position. There are several animals on earth that show this same kind of intelligence. Some animals have extensions to ___________ their environment and some do not. As a species we are assigned the duty to provide and proliferate. Our goal is to achieve stability for ourselves and our kin. However, we also have an obligation to maintain the environment, as we depend on the resources and services it provides. The question then becomes:
what is our role in nature? Do we have the right to _________ the land, factory farm animals, and pollute waterways? Or do we have an obligation to reduce our numbers and merely subsist? In order to answer these questions, we must rely on our knowledge of Earth, evolution, and our influence on the environment.

A) Aspects B) Pollutants
C) Employ D) Operate
 
Answer & Explanation Answer:

Explanation:

‘Aspects’ mean a particular part or feature of something. ‘Pollutants’ mean a substance that pollutes something, especially water or the atmosphere. ‘Employ’ means give work to (someone) and pay them for it. ‘Operate’ means (of a person) control the functioning of (a machine, process, or system). ‘Manipulate’ means control or influence (a person or situation) cleverly or unscrupulously. The passage hints towards unscrupulous usage of the environment for our own betterment. Thus, option E is the best fit answer for the given blanks.

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Filed Under: English
Exam Prep: TOEFL , GRE , CAT

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Q:

Carica papaya is the scientific name of ___________.

A) Peepal B) Papaya
C) Tamarind D) Drumstick
 
Answer & Explanation Answer: B) Papaya

Explanation:
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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

Crystallisation is an example of?

A) Physical Change B) Chemical Change
C) Chemical Reaction D) Galvanisation
 
Answer & Explanation Answer: A) Physical Change

Explanation:
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Filed Under: Chemistry
Exam Prep: Bank Exams

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