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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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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

What is the accepted average Calorie requirement for rural area in India?

A) 2100 B) 2200
C) 2300 D) 2400
 
Answer & Explanation Answer: D) 2400

Explanation:
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Filed Under: General Science
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

In triangle PQR, the sides PQ and PR are produced to A and B respectively. The bisectors of ∠AQR and ∠BRQ intersect at point O. If ∠QOR = 50°, then what is the value (in degrees) of ∠QPR?

A) 50 B) 60
C) 80 D) 100
 
Answer & Explanation Answer: C) 80

Explanation:
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Filed Under: Volume and Surface Area
Exam Prep: Bank Exams

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Q:

The district administration has issued a circular to all the farmers under its jurisdiction advising them for not using pesticides indiscriminately as it may pollute the ground water.

Which of the following can be assumed from the given statement?

A) People may stop using ground water if the farmers continue to use pesticides indiscriminately. B) The polluted ground water can cause health problems.
C) Farmers may refrain from using pesticides indiscriminately. D) People in the district are majorly dependent on ground water for drinking use.
 
Answer & Explanation Answer: C) Farmers may refrain from using pesticides indiscriminately.

Explanation:

(A), (B) and (D) are irrelevant as nothing is mentioned about them. The district administration has issued a circular to make the farmers aware of hazards that indiscriminate use of pesticides poses to ground water and plead them to refrain from the same. Hence (3) is an assumption in the given statement.

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Filed Under: Statement and Assumptions
Exam Prep: Bank Exams

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Q:

If a line is placed on the line MN, then which image is the right figure of the given image?

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

Explanation:
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Filed Under: Image Analysis
Exam Prep: Bank Exams

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Q:

 In the question two statements are given, followed by two conclusions, I and II. You have to consider the statements to be true even if it seems to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements.

Statement I: Some notes are coins

Statement II: All notes are currency

 

Conclusion I: No coins are currency

Conclusion II: Some currency are coins

A) Only conclusion I follows B) Only conclusion II follows
C) Both conclusions I and II follow D) Neither conclusion I nor conclusion II follows
 
Answer & Explanation Answer: B) Only conclusion II follows

Explanation:
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Filed Under: Statement and Conclusions
Exam Prep: Bank Exams

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Q:

In the following question, out of the four alternatives, select the alternative which will improve the bracketed part of the sentence. In case no improvement is needed, select "no improvement".

She and Dad would (has had loved) Amit.

A) has loved B) have loved
C) to loved D) no improvement
 
Answer & Explanation Answer: B) have loved

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Filed Under: English
Exam Prep: Bank Exams

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Q:

If 4x - 5y = -37 and 7x + y = -16, then x - y = ______

A) -8 B) 8
C) 2 D) -2
 
Answer & Explanation Answer: A) -8

Explanation:
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Filed Under: Quantitative Aptitude - Arithmetic Ability
Exam Prep: Bank Exams , CAT

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