Questions

LRS stands for - Liberalised Remittance Scheme.
LRS is a facility provided by the Reserve Bank of India for all resident individuals to freely remit certain amount in terms of US dollar every financial year for a permissible set of current or capital account transactions.
Note:
* In April 2018, the Reserve Bank of India (RBI) has tightened reporting norms for the Liberalised Remittance Scheme (LRS) under which individual can transfer up to US $2,50,000 abroad in a year.

* The purpose of tightening of norms is to improve monitoring and to ensure compliance with LRS limits.
* The scheme was introduced in February 2004 and its regulations are provided under Foreign Exchange Management Act (FEMA), 1999.

The meanings of the given words are as follows:
Nefarious: (typically of an action or activity) wicked or criminal
Sloppy: careless and unsystematic; excessively casual
Flurry: a small swirling mass of something, especially snow or leaves, moved by sudden gusts of wind

Unassertive: (of a person) not having or showing a confident and forceful personality

Ignoble: not honourable in character or purpose
Modest: unassuming in the estimation of one's abilities or achievements
Subtle: (especially of a change or distinction) so delicate or precise as to be difficult to analyse or describe
Gregarious: (of a person) fond of company; sociable
Magnanimous: generous or forgiving, especially towards a rival or less powerful person
Iniquitous: grossly unfair and morally wrong
Atrocious: horrifyingly wicked
Therefore, it can be observed that option E i.e.

‘iniquitous, atrocious’ forms a synonym- synonym pair of ‘nefarious’.