Current Affairs

GK MCQs Section
Q. What is the full form of LRS?
Answer: Liberalized Remittance Scheme
Notes: The Liberalized Remittance Scheme (LRS) is a facility provided by the RBI for all resident individuals including minors to freely remit upto a certain amount in terms of US Dollar for current and capital account purposes or a combination of both.
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📌 Question Number: 3 in 45 - Methods of Remittance in the above course in App.