4000+ Latest Bank Exams Questions and Answers with Explanation

Q:

Who takes the decision regarding the savings and loan activities in a Self Help Group (SHG)?

A) Private Bank	B) Reserve Bank of India
C) Members of group	D) Non Government Organizations

Answer & Explanation Answer: C) Members of group

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:

A series is given with one term missing. Choose the correct alternative from the given ones that will complete the series.

250, 370, 394, 400, ?

A) 401	B) 404
C) 402	D) 406

Answer & Explanation Answer: C) 402

Explanation:

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Filed Under: Number Series
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Q:

Who wrote the book "The three Musketeers"?

A) EM Forster	B) Gunter Grass
C) Edward Luce	D) Alexandre Dumas

Answer & Explanation Answer: D) Alexandre Dumas

Explanation:

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Filed Under: Books and Authors
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Q:

If x + y + z = 0, then what is the value of $(3 y^{2} + x^{2} + z^{2}) / (2 y^{2} - xz) ?$

A) 2	B) 1
C) 3/2	D) 5/3

Answer & Explanation Answer: A) 2

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Filed Under: Simplification
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Q:

If Girish's salary is 4/9 times of Harishankar's and Shirish's salary is 5/6 times of Harishankar's, what is the ratio of Girish's salary to Shirish's.

A) 27:10	B) 10:27
C) 8:15	D) 15:8

Answer & Explanation Answer: C) 8:15

Explanation:

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Filed Under: Ratios and Proportions
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Q:

What is the third proportional to 9 and 15?

A) 30	B) 27
C) 36	D) 25

Answer & Explanation Answer: D) 25

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Q:

What is the value of Tan 45° - 1/√3 Sec 60°?

A) (1 - 2√3)/2	B) (√2 - √3)/√6
C) (3 - 2√3)/3	D) (1 - 2√2)/2

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