General Knowledge Questions

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:

The Union Cabinet Chaired by Prime Minister Shri Narendra Modi has approved the establishment of National Institute of Mental Health Rehabilitation (NIMHR) at which state?

A) Gwalior B) Bhopal
C) Jammu D) New Delhi
 
Answer & Explanation Answer: B) Bhopal

Explanation:

The Union Cabinet Chaired by Prime Minister Shri Narendra Modi has approved the establishment of National Institute of Mental Health Rehabilitation (NIMHR) at Bhopal.

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Filed Under: Indian Politics
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Q:

By which legislation were India and Pakistan divided into two independent nations?

A) Pakistan Independence Act 1947 B) Indian Independence Act 1947
C) Indian partition Act 1947 D) Pakistan partition Act 1947
 
Answer & Explanation Answer: B) Indian Independence Act 1947

Explanation:
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Filed Under: Indian History
Exam Prep: CAT , Bank Exams , AIEEE

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Q:

In the following question, a sentence has been given in Active/Passive voice. Out of the four alternatives suggested, select the one which best
expresses the same sentence in Passive/Active voice.
Children like to play all day long.

A) Liking is done by children of playing all day long. B) Playing all day long is liked by children.
C) All day long children do like to play. D) Children play all day long and like it.
 
Answer & Explanation Answer: B) Playing all day long is liked by children.

Explanation:
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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

Explanation:
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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which of the following has low resistivity?

A) Nichrome B) Glass
C) Ebonite D) Diamond
 
Answer & Explanation Answer: A) Nichrome

Explanation:
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Filed Under: Physics
Exam Prep: Bank Exams

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Q:

In a hydrogen atom, an electron moves in an orbit of radius 5.0 x 10-11 m with a speed of 2.2 x 106 m/s. What is the equivalent current? (Electronic charge = 1.6 x10-19 C)

 

 

A) 0.112 mA B) 112 mA
C) 11.2 mA D) 1.12 mA
 
Answer & Explanation Answer: D) 1.12 mA

Explanation:
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Filed Under: Physics
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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

Angela was ______ of that big mansion.

 

A) terrified B) moisturised
C) embarrassed D) sweating
 
Answer & Explanation Answer: A) terrified

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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