Which of the following was the reason to establish Liberalised Remittance Scheme?

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Question:Which of the following was the reason to establish Liberalised Remittance Scheme?

1.to permit citizens of India to transfer funds abroad for permitted current or capital account transactions

2. to permit foreigners to transfer funds abroad for permitted current or capital account transactions

3.to permit NRI to transfer funds to India for permitted current or capital account transactions

4.None of the above

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  1. Which of the following was the reason to establish Liberalised Remittance Scheme?
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