Question
Under the current Foreign Exchange Management Act (FEM
- A guidelines and RBI regulations, the "Liberalised Remittance Scheme" (LR
- S allows resident individuals to freely remit up to USD 250,000 per financial year for permissible current or capital account transactions. Remittances under LRS are subject to a Tax Collected at Source (TC
- S . What is the standard TCS rate applied to overseas tour packages under LRS if the amount exceeds Rs. 7 Lakh?
More Research Questions
- In hypothesis testing, failing to reject a false null hypothesis is known as:
- In a monopolistically competitive market, firms earn zero economic profit in the long run primarily because of:
- Which sector witnessed the most significant credit inflow YoY growth in FY24?
- In the IS-LM model, what happens if the demand for money (money holding) increases, all else being equal?
- The process where a securities transaction is matched, confirmed, and settled through a central counterparty is primarily handled by:
- In the case of cost-push inflation, other things being equal:
- Autocorrelation violates which assumption of CLRM?
- Under the Bretton wood system, the long-term development assistance was to be provided by IBRD IDA IMF All the above Codes:
- Type II error occurs when
- Consider an economy described by the following equations: C = 100 + 0.6 ∗ (Y − T) (consumption function) I = 200 − 1000 ∗ r (investment function) ...
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)