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Q:

How many seats are reserved for women in Municipality?

A) 1/5 B) 1/7
C) 1/3 D) 1/4
 
Answer & Explanation Answer: C) 1/3

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Q:

"Taxes on agricultural income" is listed in the __________ list given in the Seventh Schedule in the Constitution of India.

A) Union B) State
C) Global D) Concurrent
 
Answer & Explanation Answer: B) State

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Q:

The number of parliamentary seats (Rajya Sabha) of West Bengal is

A) 12 B) 16
C) 18 D) 20
 
Answer & Explanation Answer: B) 16

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Q:

Article 231 of the Indian Constitution "Establishment of a common High Court for two or more States" deals with?

A) the State Government B) the directive principles of state policy
C) the Union Government D) the fundamental rights of the Indian Citizen
 
Answer & Explanation Answer: A) the State Government

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Q:

The chemical that is used to ripen mangoes is

A) Calcium sulphide B) Calcium carbide
C) Calcium carbonate D) Calcium chloride
 
Answer & Explanation Answer: B) Calcium carbide

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Q:

Y. H. Malegam Committee is an expert committee constituted by Reserve Bank Of India to look into which of the following issues?

I. Classification of bad loans

II. Effectiveness of adults

III. Rising incidents of frauds

A) Only I and I B) Only II and II
C) Only I and II D) All I, II and III
 
Answer & Explanation Answer: D) All I, II and III

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Q:

What type of lens is used to correct vision of a person suffering from Myopia?

A) Convex lens B) Concave lens
C) Crossed lens D) Cylindrical lens
 
Answer & Explanation Answer: B) Concave lens

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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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