Questions

Q:

According to the Classical Theory of Employment, deviations from the state of full employment are

A) Purely temporary in nature B) permanent in nature  
C) imaginary situations D) normal situations
 
Answer & Explanation Answer: A) Purely temporary in nature

Explanation:

The classical economists believed in the existence of full employment in the economy. To them, full employment was a normal situation and any deviation from this regarded as something abnormal. According to Pigou, the tendency of the economic system is to automatically provide full employment in the labour market when the demand and supply of labour are equal.

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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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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Filed Under: General Awareness
Exam Prep: Bank Exams

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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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Filed Under: General Awareness
Exam Prep: Bank Exams

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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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Filed Under: English
Exam Prep: Bank Exams

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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.

My lawn (A) / which is overgrown (B) / needs weeding (C) / No Error (D)

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

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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Q:

A sentence/a part of the sentence is underlined. Four alternatives are given to the underlined part which will improve the sentence. Choose the correct alternative and click the button corresponding to it. In case no improvement is needed, click the button corresponding to "No improvement".

I had took the papers to John's office.

A) will took the papers B) taken the papers
C) took the papers D) no improvement
 
Answer & Explanation Answer: C) took the papers

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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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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Filed Under: English
Exam Prep: Bank Exams

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Q:

Konkani is the official language of _________.

A) West Bengal B) Arunachal Pradesh
C) Sikkim D) Goa
 
Answer & Explanation Answer: D) Goa

Explanation:
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Filed Under: Indian Geography
Exam Prep: Bank Exams

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