68th BPSC Prelims (2023), question 146

📈 Economy

146. In which budget did the Finance Minister announce the Liberalized Exchange Rate Management System?

     1. Union Budget, 1991-1992
     2. Union Budget, 1992-1993
     3. Union Budget, 1993-1994
     4. More than one of the above
     5. None of the above
     Show answer

     Answer: B — Union Budget, 1992-1993

     The Liberalized Exchange Rate Management System (LERMS) was announced in the Union Budget 1992-93.

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