Business Studies · Liberalised Remittance Scheme
Which of the following transactions is NOT permitted under the Liberalised Remittance Scheme (LRS) of the RBI?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Remittance for the purchase of foreign lottery tickets or sweepstakes✓
- 2Gift remittance to a non-resident relative abroad
- 3Education-related remittance to foreign universities
- 4Investment in foreign mutual funds
Correct answer
Remittance for the purchase of foreign lottery tickets or sweepstakes
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