July Quiz

Question 1/5
Q1. Consider the following statements with reference to Liberalised Remittance Scheme:
  1. It was introduced by Ministry of Finance, Government of India.
  2. It allows all resident individuals to remit a certain amount of money during a financial year from a current or capital account.
  3. The scheme is also available to corporations, partnership firms, Hindu Undivided Family (HUF) and Trusts.
How many of the above statements are correct?