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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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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Q:

In the following question, out of the four alternatives, select the alternative which is the best substitute of the phrase.

The state of being deprived of a right or privilege, especially the right to vote.

A) Abolishment B) Disenfranchisement
C) Abandonment D) Abatement
 
Answer & Explanation Answer: B) Disenfranchisement

Explanation:
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Q:

How many atoms are present in one molecule of Ozone?

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

Explanation:
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Filed Under: Chemistry
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Q:

Which of the following statements is INCORRECT?

A) Solids have definite volume  B) solids are rigid 
C) Solids have indefinite shape  D) Solids are almost incompressible
 
Answer & Explanation Answer: C) Solids have indefinite shape 

Explanation:
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Q:

Look at the underlined part of each sentence. Below each sentence are given three possible substitutions for the underlined part. If one of them (a), (b) or (c) is better than the underlined part, indicate your response on the Answer Sheet against the corresponding letter. If none of the substitutions imporves the sentence, indicate (d) as your response on the Answer Sheet.

 

He is now looking about a job.

A) for B) after
C) into D) No improvement
 
Answer & Explanation Answer: A) for

Explanation:

‘Looking for’ means ‘trying to find’, hence it’s the correct use here. Looking about means looking here and there. Looking after means taking care of something or someone. Looking into means looking into the depths of something.

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