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      Question

      Under the Liberalised Remittance Scheme, the maximum

      amount an eligible Indian investor can remit abroad for overseas investments in a financial year is:
      A USD 100,000 Correct Answer Incorrect Answer
      B USD 150,000 Correct Answer Incorrect Answer
      C USD 200,000 Correct Answer Incorrect Answer
      D USD 250,000 Correct Answer Incorrect Answer
      E USD 300,000 Correct Answer Incorrect Answer

      Solution

      The Liberalised Remittance Scheme of the Reserve Bank of India allows resident individuals to remit up to USD 250,000 per financial year for permissible overseas investments and expenditures.

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