LRS is a facility provided by the Reserve Bank of India for all the resident individuals to freely remit a certain amount in terms of US dollar every financial year for a permissible set of current or capital account transactions. Here ‘LRS’ stands for ____.
A) Liquidity Remittance Scheme B) Liberalised Remittance Scheme C) Liberalised Remittance Source D) Liberalised Revenue Scheme
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B)Liberalised Remittance Scheme
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