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
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Q:

Which of the following contributes the maximum earning in Indian Railways?

A) Passenger Earning B) Goods Traffic Earning
C) Sundry Earning D) Other Coach Earning
 
Answer & Explanation Answer: B) Goods Traffic Earning

Explanation:
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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'.

 

He was elected (A)/ as chairman (B)/ of the college. (C)/ No Error (D)

 

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

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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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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Filed Under: English
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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.

Hope against hope

A) Think wishfully from time to time B) Hoped with good reason
C) Nurture an impossible hope D) Pretend to hope
 
Answer & Explanation Answer: C) Nurture an impossible hope

Explanation:
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Filed Under: English
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Q:

Read the sentence to find out whether there is any error in it. The error, if any, will be in one part of the sentence. If the given sentence is correct as it is, the answer is ‘No error’. Ignore the errors of punctuation, if any.

Delegation is the transfer of/ authority through superior to subordinate/ at different levels/ in an organized sector.

A) Delegation is the transfer of B) Authority through superior to subordinate
C) At different levels D. In an organized sector D) No error
 
Answer & Explanation Answer: B) Authority through superior to subordinate

Explanation:

The error lies in the second part of the sentence. The correct usage for transfer is 'from........to........' and not 'through.....to......'. Hence, 'through' must be replaced with 'from'.

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Q:

Beryl is an ore/mineral of

A) Nickel B) Beryllium
C) Lead D) Tin
 
Answer & Explanation Answer: B) Beryllium

Explanation:
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Filed Under: Chemistry
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Q:

The Mutation Theory was proposed by _____.

A) Charles Lyell B) William Smith
C) Hugo De Vries D) Harrison Schmitt
 
Answer & Explanation Answer: C) Hugo De Vries

Explanation:
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Filed Under: Biology
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