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 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:

The minimum age limit for the membership of the Vidhan Parishad is _____

A) 21 years B) 25 years
C) 30 years D) 35 years
 
Answer & Explanation Answer: C) 30 years

Explanation:
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Filed Under: Indian Politics
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Q:

The members of the All India Services serve the

A) Central Government only B) State Government only
C) Union Territories only D) both the Union and State Governments
 
Answer & Explanation Answer: D) both the Union and State Governments

Explanation:
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Filed Under: Indian Politics
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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
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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
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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 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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