Economics · Banking and Finance
Under the Money Transfer Service Scheme (MTSS), inward cross-border remittances to India are primarily permitted for which purpose?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Corporate bond market investments
- 2Personal transfers such as family maintenance✓
- 3Capital account foreign investments
- 4Commercial trade payments
Correct answer
Personal transfers such as family maintenance
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