RBI has tightened reporting norms for LRS under which an individual can transfer upto 2,50,000 US Dollars abroad in a year. What does “LRS” stands for?

RBI has tightened reporting norms for LRS under which an individual ca

1.	RBI has tightened reporting norms for LRS under which an individual can transfer upto 2,50,000 US Dollars abroad in a year. What does “LRS” stands for?
A.	Liberalised Remittance Scheme
B.	Liability Remittance Scheme
C.	Liaison Remittance Scheme
D.	Liberal Remittance Scheme
Answer» B. Liability Remittance Scheme