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- Question
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 ____.
Options- A. Liquidity Remittance Scheme
- B. Liberalised Remittance Scheme
- C. Liberalised Remittance Source
- D. Liberalised Revenue Scheme
- Correct Answer
- Liberalised Remittance Scheme
ExplanationLRS 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. - 1. The Headquarter of The Asian Infrastructure Investment Bank (AIIB) is located in?
Options- A. Beijing
- B. Shanghai
- C. Xinijiang
- D. Hong Kong Discuss
- 2. The 2018 ASEAN India Film Festival was held in which of the following cities?
Options- A. Lucknow
- B. New Delhi
- C. Pune
- D. Gurugram Discuss
- 3. Which of the following telecommunication will acquire the business of Telenor India for an undisclosed sum in all seven circles?
Options- A. BSNL
- B. Tata Docomo
- C. Bharti Airtel
- D. MTS India Discuss
- 4. Which among the following is an umbrella organization for all retail payments system in India?
Options- A. RBI
- B. NPCI
- C. SEBI
- D. NITI Aayog Discuss
- 5. In which one of the following States, Patratu Thermal Power Plant is proposed to be set up?
Options- A. Madhya Pradesh
- B. Bihar
- C. Jharkhand
- D. West Bengal Discuss
- 6. Veteran journalist Shujaat Bukhari who was shot dead was the editor of which of the following newspaper?
Options- A. Jehlum Post
- B. Kashmir Observer
- C. Kashmir Life
- D. Rising Kashmir Discuss
- 7. Which of the following Indian payment and commerce company has launched the first wealth management product ?Digital Gold??
Options- A. DirecPay
- B. BHIM
- C. PayU India
- D. Paytm Discuss
- 8. Which of the following countries have won a united bid to host the 23rd FIFA World Cup 2026?
Options- A. Brazil, France and Argentina
- B. Brazil, Mexico and Spain
- C. Spain, Portugal and Germany
- D. US, Mexico and Canada Discuss
- 9. In which state of India 'Bodo language' is primarily spoken ?
Options- A. Assam
- B. Karnataka
- C. Rajasthan
- D. Andhra Pradesh Discuss
- 10. Kanha National Park saving the rare and almost extinct species of the Swamp Deer, also known as
Options- A. Barasingha
- B. Black Buck
- C. Chinkara
- D. Nilgai Discuss
Basic General Knowledge problems
Search Results
Correct Answer: Beijing
Explanation:
Explanation: The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank (MDB) conceived for the 21st century. The Bank's foundation is built on the lessons of experience of existing MDBs and the private sector. Its modus operandi will be lean, clean and green: it is situated in Beijing, China.
Correct Answer: New Delhi
Explanation:
The ASEAN India Film Festival 2018 was held in New Delhi. It was inaugurated by Information and Broadcasting Minister Col. (Retd) Rajyavardhan Singh Rathore.
Correct Answer: Bharti Airtel
Explanation:
Bharti Airtel will acquire the business of Telenor India for an undisclosed sum in all seven circles Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam.
Note: Telenor India (formerly known as Uninor) was an Indian mobile network operator based in Gurgaon, Haryana, India. The company is a wholly owned subsidiary of Telenor Group, a telecommunication company headquartered in Oslo, Norway.
Correct Answer: NPCI
Explanation:
National Payments Corporation of India is the umbrella organisation for all retail payment systems in India, which aims to allow all Indian citizens to have unrestricted access to e-payment services
Correct Answer: Jharkhand
Explanation:
Patratu Thermal Power Station is a coal-based thermal power plant located near Patratu town in Ramgarh district in the Indian state of Jharkhand. The power plant is operated by the Jharkhand State Electricity Board. It has an installed capacity of 840 MW. The generating units of the power plant are very old and are operating at around 10% PLF, generating about 110 MW per day.
Correct Answer: Rising Kashmir
Explanation:
Veteran journalist and editor of Srinagar based ?Rising Kashmir? newspaper was shot dead by unidentified gunmen outside his office in the Press Enclave area of Srinagar in
Jammu & Kashmir. Bukhari was instrumental in organising several conferences for peace in the Kashmir Valley.
Correct Answer: Paytm
Explanation:
?Paytm? has launched the first wealth management product ?Digital Gold? on its platform to allow customers to buy and sell gold through electronic platform.
Note: Consumers can purchase 24K 999.9 purity gold online and store it in MMTC? PAMP?s secure vaults free of charge.
Correct Answer: US, Mexico and Canada
Explanation:
The United States of America, Mexico and Canada have won the right to host the 23rd FIFA 2026 World Cup after beating Morocco in a vote by FIFA member nations in Moscow. The North American bid received 134 of the 203 votes, while Morocco polled 65 in the ballot at a FIFA Congress held in Moscow.
Correct Answer: Andhra Pradesh
Correct Answer: Barasingha
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