Remittance, Clearing and settlement services

1.

Which out of the following is most popular channel of foreign inward remittances to India?

SWIFT

Rupee Drawing Arrangement (RDA)

Direct transfers

Cheques and Drafts

2.

Which of the following has availed the Liberalised Remittance Scheme?

RBI

NABARD

Government of India

None of the above

3.

What is the full form of LRS?

Liberty Remittance Scheme

Liberalized Rupees Scheme

Liberalized Remittance Scheme

None of the above

4.

What is LRS a2?

LRS Modulation

LRS activation

LRS Declaration

None of the above

5.

When was Liberalised Remittance Scheme established?

February 1th, 2005

February 4th, 2004

February 7th, 2002

February 8th, 2006