In which budget did the Finance Minister announce the Liberalized Exchange Rate Management System?
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Correct Answer: Option C
Detailed Explanation:
The Liberalized Exchange Rate Management System (LERMS) was announced by Finance Minister Dr. Manmohan Singh in the Union Budget 1992-1993.
This dual exchange rate system was introduced as part of economic liberalization reforms and marked a significant step towards convertibility of the Indian Rupee on the current account.
Question 2 of 2 LPG Reforms 1991
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