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) Liberalised Remittance Scheme

B) Liquidity Remittance Scheme

C) Liberalised Revenue Scheme

D) Liberalised Remittance Source

✔ Correct Answer: Liberalised Remittance Scheme

Exam Insight

-

Related Questions

See also

Article

🎯 Popular Topics

Explore the most searched educational topics.

🚀 Find Jobs by State & Department

Explore Sarkari Jobs, Admit Cards & Results easily on TutorliV

🔥 Popular Job Categories