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

Explanation:

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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

Explanation:

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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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Q:

Azadirachata indica is the scientific name of

A) Neem	B) Teak
C) Silver Oak	D) Tulsi

Answer & Explanation Answer: A) Neem

Explanation:

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Q:

Growing agricultural crops between rows of planted trees is known as

A) Social forestry	B) Jhum
C) Taungya system	D) Agro forestry

Answer & Explanation Answer: C) Taungya system

Explanation:

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Q:

Which of the following was published by Gandhji during his stay in South Africa?

A) Young India	B) Indian Opinion
C) Nav Jivan	D) None of these

Answer & Explanation Answer: B) Indian Opinion

Explanation:

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Filed Under: Indian Politics

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Q:

What is the unit of electric resistance?

A) Dyne	B) Pascal
C) Joule	D) Ohms

Answer & Explanation Answer: D) Ohms

Explanation:

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Filed Under: Physics
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Q:

Choose the most appropriate answer:In which atmospheric layer are the communication satellites located?

A) Stratosphere	B) Ionosphere
C) Troposphere	D) Mesosphere

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