Banking Exams General & Banking Awareness — Question 1375
Question
Under the Liberalised Remittance Scheme (LRS), who may remit up to USD 2,50,000 abroad per financial year?
- Corporates
- Non-Resident Indians
- Partnership firms
- Resident Individuals
Correct answer
D — Resident Individuals
Explanation (English)
The LRS allows resident individuals to remit up to USD 2,50,000 per financial year.
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