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    Question

    Under the Liberalised Remittance Scheme, all resident

    individuals, including minors, are allowed to freely remit up to USD ______ per financial year.
    A 1.5 Lakh Correct Answer Incorrect Answer
    B 2 Lakh Correct Answer Incorrect Answer
    C 2.5 Lakh Correct Answer Incorrect Answer
    D 3 Lakh Correct Answer Incorrect Answer
    E 4 Lakh Correct Answer Incorrect Answer

    Solution

    Under the Liberalised Remittance Scheme, all resident individuals, including minors, are allowed to freely remit up to USD 2,50,000 per financial year (April тАУ March) for any permissible current or capital account transaction or a combination of both.

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