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Remittance, Clearing and settlement services
1
2
3
4
5
1.
Which out of the following is most popular channel of foreign inward remittances to India?
SWIFT
Rupee Drawing Arrangement (RDA)
Direct transfers
Cheques and Drafts
2.
Which of the following has availed the Liberalised Remittance Scheme?
RBI
NABARD
Government of India
None of the above
3.
What is the full form of LRS?
Liberty Remittance Scheme
Liberalized Rupees Scheme
Liberalized Remittance Scheme
None of the above
4.
What is LRS a2?
LRS Modulation
LRS activation
LRS Declaration
None of the above
5.
When was Liberalised Remittance Scheme established?
February 1th, 2005
February 4th, 2004
February 7th, 2002
February 8th, 2006
Submit Test
These questions are part of Banking Awareness - 2025-26 course in GKToday's Android Application. The Course comprises 2400+MCQs on Banking & General Financial Awareness with explanation for All Banking Exams of 2025-26 such as IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Banking Examinations.
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