Question:
What does ‘LERMS’ stand for in Indian foreign exchange history?
(a) Liberalised Exchange Rate Management System
(b) Legal Export Rate Maintenance Scheme
(c) Liquid Equity Reserve Management System
(d) Local Exchange Rate Monitoring Structure
(e) Liquidity Export Reserve Margin System
भारतीय विदेशी मुद्रा इतिहास में ‘LERMS’ का पूर्ण रूप क्या है?
(a) Liberalised Exchange Rate Management System (उदारीकृत विनिमय दर प्रबंधन प्रणाली)
(b) Legal Export Rate Maintenance Scheme
(c) Liquid Equity Reserve Management System
(d) Local Exchange Rate Monitoring Structure
(e) Liquidity Export Reserve Margin System
Correct Answer: (a)
Explanation:
LERMS stands for Liberalised Exchange Rate Management System, introduced in March 1992 as a step towards full current account convertibility.
LERMS का अर्थ Liberalised Exchange Rate Management System है। सही उत्तर (a) है।