Current Affairs

GK MCQs Section
Q. In context with financial transactions, what is the full form of LRS?
Answer: Liberalized Remittance Scheme
Notes: The LRS stands for Liberalized Remittance Scheme. It is made available by the Reserve Bank of India and is effective from 1 June 2015.The LRS scheme is used by resident Indians to send money abroad for their children's studies and also to invest in foreign stocks and property.
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