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What is the limit of the Liberalized Remittance Scheme (LRS)?

1. USD 25,000
2. USD 50,000
3. USD 1,50,000
4. USD 2,50,000

Correct answer: USD 2,50,000

Solution

Under the Liberalized Remittance Scheme, resident individuals can remit up to USD 2,50,000 per financial year for permitted current and capital account transactions. This is the standard RBI-prescribed limit.

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