_________ is a way of transferring personal remittances from abroad to beneficiaries in India A. RDA B. MTSS C. Both (A) and (B) D. All of the Above E. None of the Above

_________ is a way of transferring personal remittances from abroad to beneficiaries in India A. RDA B. MTSS C. Both (A) and (B) D. All of the Above E. None of the Above
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B. MTSS Explanation: Money Transfer Service Scheme (MTSS) is a way of transferring personal remittances from abroad to beneficiaries in India. Only inward personal remittances into India such as remittances towards family maintenance and remittances favouring foreign tourists visiting India are permissible. Under the scheme there is a tie-up between reputed money transfer companies abroad known as Overseas Principals and agents in India known as Indian Agents who would disburse funds to beneficiaries in India at ongoing exchange rates.
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