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:

__________ amends the Constitution.

A) Ministry of Defence	B) Prime Minister's Office
C) Parliament	D) Securities and Exchange Board of India

Answer & Explanation Answer: C) Parliament

Explanation:

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Q:

Which of the following is the most abundant metal on Earth's crust?

A) Magnesium	B) Iron
C) Copper	D) Aluminium

Answer & Explanation Answer: D) Aluminium

Explanation:

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Filed Under: General Science
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Q:

The boiling point of liquids vary as

A) pressure varies	B) temperature varies
C) volume varies	D) density varies

Answer & Explanation Answer: A) pressure varies

Explanation:

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Filed Under: Physics
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Q:

A broadcasting station transmits waves with a frequency of $71 x 10^{4}$ Hz and a speed of $3 x 10^{8}$ m/s. The wavelength of the wave is

A) 324.6 m	B) 422.5 m
C) 208.4 m	D) 418.8 m

Answer & Explanation Answer: B) 422.5 m

Explanation:

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Q:

In which year was the First Five Year Plan launched in India?

A) 1921	B) 1931
C) 1941	D) 1951

Answer & Explanation Answer: D) 1951

Explanation:

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Filed Under: Indian Politics
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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.

Under a cloud

A) Shocked	B) Sad
C) Sick	D) Confused

Answer & Explanation Answer: B) Sad

Explanation:

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Filed Under: English
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Q:

In the following question, out of the four alternatives, select the word opposite in meaning to the word given.

Cavalier

A) Condescending	B) Curt
C) HumblE	D) Haughty

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