Q:

In which way the President can assign any of the functions of the Union Government to the State Government ?

A) In his discretion	B) In consultation with the Chief Justice of India
C) In consultation with the Government of the State	D) In consultation with the State Governor

Answer & Explanation Answer: C) In consultation with the Government of the State

Explanation:

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Filed Under: Indian Politics

0 858

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

0 858

Q:

'Lucky Grahak Yojana' and 'Digi Dhan Vyapar Yojana' to give cash awards to the customers and merchants was launched by which government body?

A) National Institution for Transforming India	B) National Payments Corporation of India
C) Financial Stability and Development Council	D) Reserve Bank of India

Answer & Explanation Answer: A) National Institution for Transforming India

Explanation:

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

As per length, which is the longest river of China?

A) Yangtze	B) Mekong
C) Ob-Irtis	D) Amur

Answer & Explanation Answer: A) Yangtze

Explanation:

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Who is the author of "Promise Me a Million Times"?

A) Amish Tripathi	B) Durjoy Datta
C) Keshav Aneel	D) Savi Sharma

Answer & Explanation Answer: C) Keshav Aneel

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Filed Under: Books and Authors
Exam Prep: Bank Exams

3 858

Q:

B. Sai Praneeth is associated with which of the following sport?

A) Hockey	B) Badminton
C) Chess	D) Boxing

Answer & Explanation Answer: B) Badminton

Explanation:

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Filed Under: Sports
Exam Prep: Bank Exams

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Q:

Which nation will host the Summer Olympics in the year 2020?

A) China	B) South Korea
C) Canada	D) Japan

Answer & Explanation Answer: D) Japan

Explanation:

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Filed Under: Sports
Exam Prep: Bank Exams

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Q:

Who Invented Post-it note?

A) William Friese-Greene	B) Arthur Fry
C) Gordon Gould	D) Otto von Guericke

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