LRS is a facility provided by the Reserve Bank of India for all the resident individuals to freely remit a certain amount in terms of US dollar every financial year for a permissible set of current or capital account transactions. Here ‘LRS’ stands for ____.

• A. Liquidity Remittance Scheme
• B. Liberalised Remittance Scheme
• C. Liberalised Remittance Source
• D. Liberalised Revenue Scheme