Question
When was the Liberalised Remittance Scheme
introduced?Solution
The Liberalised Remittance Scheme was introduced on February 4, 2004, with a limit of USD 25,000. The LRS limit has been revised in stages consistent with prevailing macro and micro economic conditions. The limit currently stands at USD 2,50,000 per financial year (April – March) for any permissible current or capital account transaction or a combination of both
According to the revised review of regulatory framework for Housing finance company (HFCs), what is the reduced ceiling on the quantum of public deposit...
Under the IFSCA (Fund Management) Regulations, 2022, which of the following is correct regarding the minimum corpus requirement for a non-retail scheme ...
What does normative ethics aim to provide guidelines for?
When a company sells a fixed asset, the resulting gain from the sale must be categorized appropriately in the financial statements. Understanding the na...
Which of the following is NOT an objective of Basel III guidelines?
A. Improve risk management and governance in banks
B. Im...
Which of the following organizations manages the pension fund for government employees in India?
Which term best describes the measure provided by Accounting Ratios to assess a company's performance and condition?
Which regulator in India regulates and provide guidelines on issuance of commercial papers?
What is the primary objective of the Securities and Exchange Board of India (SEBI)?
When did the Securities and Exchange Board of India (Sebi) implemented a T+0 (same day) settlement cycle for the cash segment on an optional basis, and...
Relevant for Exams:
