1.

Under the Liberalised Remittance Scheme, Authorised Dealersmay freely allowremittancesby residentindividualsup to what ammountper financial Yearfor any permittedcurrentor capitalaccount transactionor a combinationof both .

Answer»

USD 3,00,00
USD 3,50,000
USD 2,00,000
USD 2,50,000

Solution : Under the Liberalised Remittance Scheme, AUTHORISED Dealers may freely allow remittances by RESIDENT INDIVIDUALS up to USD 2,50,000 per Financial Year(April-March) for any permitted current or capital account transaction or a combination of both.


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