General Knowledge Questions

Q:

Which of the following Amendments is also known as the 'Mini Constitution' of India?

A) 7th Amendment B) 42nd Amendment
C) 44th Amendment D) 74th Amendment 
 
Answer & Explanation Answer: B) 42nd Amendment

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

Which is the biggest building at Mohenjodaro?

A) Great Bath B) Great Granary
C) Assembly Hall D) Rectangular Building
 
Answer & Explanation Answer: B) Great Granary

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Filed Under: Indian History
Exam Prep: Bank Exams

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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

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Filed Under: General Awareness
Exam Prep: Bank Exams

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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:

At which place a joint military exercise ‘Yudh Abhyas’ was held in September 2017 between United States and Indian army?

A) Pune B) NewYork
C) Vishakhapattnam D) Washington
 
Answer & Explanation Answer: D) Washington

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Filed Under: World Geography

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Q:

The liberation of oxygen during photosynthesis is due to __________

A) hydrolysis of carbohydrates B) photolysis of water
C) reduction of CO2 D) breakdown of chlorophyll
 
Answer & Explanation Answer: B) photolysis of water

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Filed Under: General Science

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Q:

The rate of inflation increases when the purchasing powerof money___________ .

A) Decreases B) Increases
C) Stable D) Decrease just half
 
Answer & Explanation Answer: A) Decreases

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The Grande Croix Commandeur in National Merit Order - the highest civilian honor of Ivory Coast, Africa - was recently conferred on which Indian?

A) Pranab Mukherjee B) Narendra Modi
C) Gopalkrishna Gandhi D) Manmohan Singh
 
Answer & Explanation Answer: A) Pranab Mukherjee

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Filed Under: Honours and Awards
Exam Prep: Bank Exams

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