📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

      As per FEMA maximun amount a resident individual can

    pay in India, for meeting of medical expense of a NRI close relative is __
    A USD 25,000 or equivalent Correct Answer Incorrect Answer
    B USD 2,50,000 or equivalent Correct Answer Incorrect Answer
    C As per limits given under LRS Correct Answer Incorrect Answer
    D No limit Correct Answer Incorrect Answer
    E USD 5,00,000 or equivalent Correct Answer Incorrect Answer

    Solution

    For expenditure in India in INR, no limits are defined as it does not involve use of foreign currency.

    Practice Next
    More Financial Management Questions

    Relevant for Exams:

    ask-question