Banking Awareness Test for IBPS, RBI, SBI, NABARD & other Bank Examinations
Q. Liberalized Exchange Rate Management System (LERMS) is effective from which of the following dates?
a. June 1,1993
b. March1,1993
c. April1,1993
d. July 1,1993
Liberalized Exchange Rate Management System (LERMS) involving the dual exchange rate was instituted after the recommendations of C. Ranagarajan Committee. It is effective from March 1, 1993.