Q:
      
      
         
            
Under the Liberalised Remittance Scheme, Authorised Dealers may freely allow remittances by resident individuals up to USD __________________ per Financial Year for any permitted current or capital account transaction or a combination of both. 
         
       
      
      
      
          
      
      
          Answer & Explanation
         Answer: D)  USD 2,50,000           
         
Explanation: Under the Liberalised Remittance Scheme, Authorised Dealers may freely allow remittances by resident individuals up to USD 2,50,000 per Financial Year (April-March) for any permitted current or capital account transaction or a combination of both
       
      
      
      
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