Question
Under the Liberalised Remittance Scheme (LRS), Indians
are allowed to remit up to USD 250,000 per financial year. Who among the following is eligible to make remittances under LRS?Solution
The Liberalised Remittance Scheme (LRS) is applicable only to resident individuals, including minors. Other entities like HUFs, firms, and corporates are not eligible.
There are five members (J, L, M, N, and O) in the family. M is married to O. J’s mother is daughter of L. N and J are male members. O is brother of N...
Who is mother of M?
D is the only sister of I. T is the mother of D. W is married to I. T has only two sons. C is the niece of D and B. W has no sibling. D is unmarried. Th...
Study the information carefully and answer the questions accordingly.
There are nine members in a family with four females and two married coup...
If P is the brother of W, then how will P be related to the mother-in-law of H?
How is P related to Q?
How is G related to L?
Answer the questions based on the information given below.
Nine persons F, G, H, I, J, K, L, M and N live in a family of three generations. K...
How is O related to H?
How is H related to C?
