Economics · Foreign Exchange Management
Arrange the following developments related to India's foreign exchange system in chronological order: A. Introduction of Liberalized Exchange Rate Management System (LERMS) B. Enactment of Foreign Exchange Regulation Act (FERA) C. Enactment of Foreign Exchange Management Act (FEMA) D. Full Convertibility on Current Account Select the correct answer using the code given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A, B, D, C
- 2B, A, D, C✓
- 3A, C, B, D
- 4A, B, C, D
Correct answer
B, A, D, C
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